With the U.S. spending over $800 billion per year on Research and Development (R&D), the personal-finance website WalletHub today released its report on 2025’s Most & Least Innovative States, with Maryland coming in ranked 6th overall.
Business
In a remarkable tale of entrepreneurship rooted in Montgomery County, Maryland, City Bonfires has emerged as a popular name in outdoor lifestyle products. We caught up with co-founder Chris McCasland who grew up in Germantown and attended schools such as Daly, Neelsville, and Watkins Mill High School, to talk about the company’s journey.
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Maryland Public Television (MPT) today announced that Montgomery County resident Steven J. Schupak, MPT’s current executive vice president and station manager, will become the sixth president and chief executive officer of the 55-year-old statewide TV network on July 1, succeeding retiring CEO Larry D. Unger.
On Friday, County Executive Marc Elrich shared the news of the county helping launch the U.S. Global Business Center in Rockville, established by leaders of Montgomery County’s South Korean sister city of Daejeon.
Silver Spring-based United Therapeutics Corporation announced that the U.S. Food and Drug Administration (FDA) has approved its application to start a clinical study of UKidney™, a kidney derived from a genetically modified pig.
JLL Capital Markets has announced that it has secured the $194 million sale of 8001 Woodmont, a 322-unit trophy multifamily asset with 19,452 SF of retail space in Bethesda, Maryland. JBG Smith Properties Sold the building to Peterson Companies.
Montgomery County government is reminding businesses and residents that the county’s minimum wage will increase by 50 cents on July 1, adjusting for inflation as required by county law. The new rates will be $17.65 per hour for large employers, $16 per hour for mid-size employers, and $15.50 per hour for small employers. (more…)
Last October, Buy Buy Baby announced that it will be closing all existing stores and transforming into a digital-first brand “focusing all our energy on providing an exceptional online shopping experience.” The last day for its Rockville location (1683 Rockville Pike), which is the first location to ever open, will be Tuesday, February 25th, an employee confirmed this morning.
The Burtonsville Commerce Center (4000-4060 Blackburn Ln) been purchased by an LLC affiliated with The Premier Companies for $10.1 million, according to a report by Maryland Newsletters.
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Holy Cross Silver Spring and Holy Cross Germantown have announced that they have achieved Gold Certification from the Cribs for Kids® National Safe Sleep Hospital Certification Program.
Rockville-based Compost Crew Inc. (12343 Carroll Ave.) announced its annual results for 2024, which saw the company’s business grow significantly from the prior year. The company collected almost 26 million pounds of food scraps in 2024, an increase of roughly 30% over its 2023 total. The company also exceeded 20,000 homes serviced for the first time, placing Compost Crew among the largest dedicated food scrap recycling companies in the country.