Montgomery County Government and the Montgomery County Economic Development Corporation have announced the selection of 55 early-stage companies to receive grants through the County’s Technology Innovation and Founders Funds program, a competitive initiative designed to support technology commercialization and help local startups grow.
Chris Vondas and Alex Alperstein of AdvisoRE LLC brokered the sale of the building at 7909 Norfolk Avenue, which officially closed Monday for $1.1 million. The property was sold to an investor.
MedStar Health announced that MedStar Montgomery Medical Center has earned Geriatric Emergency Department Accreditation (GEDA), recognizing the hospital’s efforts to provide specialized emergency care for older adults. The designation places the hospital among a relatively small group nationwide, with approximately ten percent of emergency departments achieving this accreditation.
Montgomery County was proudly represented on one of the biggest financial stages in the world this week as Dimitri Moshovitis, co-founder of CAVA and alumnus of Quince Orchard High School, joined the Greek and Greek-American delegation at the New York Stock Exchange for its annual Greek-American Issuer Day bell-ringing ceremony on Wednesday, December 10th.
Two Maryland restaurants, including one right here in Montgomery County, have earned national recognition on Restaurant Business’ prestigious 2025 “Top 100 Independents” list, which highlights the country’s highest-grossing independent dining establishments.
Shoppers Food has laid off 185 employees across Maryland following the closure of four additional stores in November, including the longtime Germantown location at 18066 Mateny Road.
Gaithersburg-based Adventist HealthCare has been named to Newsweek’s 2025 list of Most Trustworthy Companies in America. The rankings were determined by examining three main public pillars of trust, customer trust, potential investor trust, and potential employee trust, as well as evaluating online remarks.
Papa John’s International announced a major refranchising deal that shifts control of 85 restaurants across the Washington, D.C. and Baltimore regions to Pie Investments, led by franchise operator Chris Patel. The move instantly positions Pie Investments as one of the largest Papa Johns franchise groups in the country, now operating more than 150 locations nationwide.
Value City Furniture’s parent company, American Signature, Inc. (ASI), has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware, the company announced this week. As part of the restructuring, the Value City Furniture location at 12055 Rockville Pike, located in the Montrose Crossing Shopping Center, is slated to close, according to USA Today.
A former Truist Bank (and Suntrust) branch located at 9916 Main Street in Damascus will be offered at auction from December 15 to 17, with bidding starting at $175,000.
Clarksburg-based Forterra, a rapidly growing defense-technology company specializing in autonomous ground systems, has officially reached “unicorn” status. Bloomberg reports that the company has raised $238 million in a new Series C round, pushing its valuation past $1 billion.