Montgomery County Fire and Rescue Services (MCFRS) responded to a fire in the 6200blk of Perthshire Court in Bethesda on Thursday morning after a neighbor spotted smoke and called 911. (more…)
Detectives from the Montgomery County Department of Police – Special Victims Investigations Division (SVID) are asking for the public’s assistance in locating Madison Pryce, a missing 13-year-old. (more…)
Four Montgomery County companies in the financial services, AI, biopharma, and clean tech industries raised just over $460 million across public offerings and private investment activity in June and July, signifying continued investor confidence in Montgomery County’s business ecosystem.
In June, Forbright, a Chevy Chase-based bank holding company with 545 employees, successfully completed its initial public offering on the Nasdaq. The D.C. region’s fastest-growing bank raised $142.2 million, valuing the company at approximately $950 million, marking not only a major milestone for the company but also for Montgomery County’s rapidly expanding financial services industry, which boasts companies spanning venture capital, private equity, financial technologies, and investment asset management.
Also in June, Bethesda-based Xometry announced a $225 million secondary public offering. Founded in Gaithersburg, the AI-powered manufacturing marketplace has become one of Montgomery County’s homegrown innovation economy success stories, connecting businesses with manufacturing capacity around the world through its intelligent digital platform. The additional capital will allow the company, which employs over 1,000 people, to continue expanding and investing in advanced manufacturing innovation.
Known as the anchor of the third-largest biopharma hub in the nation, it’s not surprising that life sciences companies in the County also continue to attract attention from investors. In July, RegenxBio, Inc., a clinical-stage biotechnology company focused on the development of gene therapy treatments, raised $90.04 million in its second public offering on the Nasdaq Stock Exchange. Located in Rockville with over 370 employees, RegenxBio is a leader in developing therapies for retinal, neuromuscular, and neurodegenerative diseases.
In clean tech, Arculus Solutions, a developer of hydrogen-barrier coatings designed to protect infrastructure from hydrogen embrittlement, raised $1.95 million of Seed-1 funding from undisclosed investors, putting the company’s pre-money valuation at $20.05 million. The company’s coatings can be used in various applications, such as hydrogen fuel cell pipelines, storage tanks and hydrogen-powered vehicles, enabling the energy industry to reduce the risk of accidents and improve safety. Based in Bethesda, Arculus is yet another example of Montgomery County’s growing position as a hub for clean tech, which is home to several leading clean tech companies, including X-energy and Liatris.
From innovative financial institutions and AI leaders to biopharma and clean tech companies that are developing technologies that are shaping to future, Montgomery County continues to remain a place where companies can start and scale quickly.
A gas leak has closed a portion of Georgia Ave in Downtown Silver Spring on Thursday morning. (more…)
Back in January we let you know that Eggspectation, a restaurant that serves “elevated American cuisine with a lengthy all-day breakfast menu alongside hearty lunch and dinner fare”, is returning to Montgomery County with its upcoming Burtonsville location. After a previous expected opening timeframe of fall 2024, an “early 2025” timeframe is now listed for the restaurant.
Eggspectation left Montgomery County in September of 2020 after 15 years in Downtown Silver Spring. The restaurant plans to return early next year with its new location at the renovated Burtonsville Crossing shopping center (15701 Columbia Pike). “What started as one location in Montreal is now a thriving franchise spanning six countries. eggspectation boasts 30 years of success serving our guests across the globe! The idea sprung to life in Montreal in 1993, where we began with a passion for menu innovation and memorable experiences. Since then, we’ve grown into the USA, Egypt, Pakistan, Qatar and UAE.”
You’re Invited to the Community Fall Dance! 🍁
Join us for a fun, free evening of music, dancing, and community under the stars!
The Montgomery County Police Department (MCPD) is investigating the death of 19-year-old man who was found with trauma behind a bus stop in Silver Spring on October 22, with an autopsy pending to determine the cause of death.
|
The UPS Store is now open at 19226 Montgomery Village Ave, next to Kobe Japan in the Montgomery Village Center. (more…)
The Metro Transit Police Department (MTPD) is investigating a reported rape that occurred in the early morning hours of Wednesday, October 23, at the Silver Spring Transit Center. (more…)
Fox 5 is the first of the four major local networks to release its 2024/2025 Winter Outlook. Fox had one of the more conservative outlooks last year in a year when most expected above average snowfall. This year, Fox 5 meteorologist Mike Thomas is taking a similar approach in a year where not much snow is expected, which isn’t great news for snow lovers. As always, we take a quick look at the outlook and provide an analysis before comparing all four major network outlooks when they become available.
The Maryland-National Capital Park Police is seeking the public’s assistance identifying the peripheral responsible for setting a fire at a Gaithersburg park last month.
The City of Takoma Park Recreation Department will host its traditional Monster Bash on Saturday, October 26th.