Montgomery County’s Department of Alcohol Beverage Services (ABS) is bringing its “upgraded retail concept,” Oak Barrel & Vine, to Westfield Wheaton Mall (11160 Veirs Mill Rd.).
As colder weather approaches and the potential for winter storms looms in January, we take a closer look at the winter outlooks from the four major networks in the D.C. area. While there hasn’t been much winter weather to discuss so far, it’s crucial to remember that winter is just beginning (we are about ten days into) with plenty of opportunities for snowfall and frigid temperatures still ahead.
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.
The Montgonion, Montgomery County’s satirical news site, is marking two years of parodying local events with headlines like “MCPS to Hire 2,800 Bathroom Attendants” and viral stunts such as installing a fake mall banner in Glenmont. Frequently poking fun at The MoCo Show and other county happenings, the site has built a dedicated audience while blending humor with elements of reality. (more…)
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Update from MCPD can be found here.
The intersection of Potomac Tennis Lane and Falls Road in Potomac is closed as the Montgomery County Police Department (MCPD) is on the scene for a person in distress.
HouseMouse Books is excited to announce the debut of Escape the Bookshop IV, our brand new limited-run escape room experience.
Escape the Bookshop games are always based on a real crime with connections to the DC region. They are designed and built by HouseMouse Books to be played in our atmospheric bookshop. This latest game was inspired by a true local museum theft and the goal is simple – to find the stolen object before the suspect flees the country!
9:00 am Memorial Ceremony
Join us as we remember those lost to substance use.
Montgomery County Fire and Rescue Services (MCFRS) Fire/Explosive Investigators have arrested 27-year-old Edward Kamara at his residence in Lanham, Maryland, in connection with an arson incident that occurred in Rockville.
The Washington Commanders beat the Atlanta Falcons 30-24 in overtime on Sunday night, to move to 11-5 and clinch a playoff berth after winning four straight games. Next week, they travel to Dallas to take on the Cowboys. If they win the game, they earn the 6th seed in the NFC and would travel to Los Angeles to take on the Rams in the first round of the playoffs. Let’s take a look at some fun facts from today’s game:
Governor Wes Moore issued the following statement on Sunday, December 29: (more…)
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Kings Dominion has been a cherished destination for thrill-seekers and families alike, and one of its standout attractions, the Anaconda roller coaster, has officially closed its doors after more than three decades of exhilarating rides. It is slated to be demolished, per KD Fans. Situated in the Jungle X-Pedition section of the park, Anaconda has left an indelible mark on the hearts of visitors since it first opened in 1991.
Montgomery County Fire and Rescue Services (MCFRS) responded to a collision with entrapment on Sunday, December 29.
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Earlier this month, Party City announced it is closing all of its locations. Locally, Party City has stores in Gaithersburg, Rockville, and Wheaton, and all stores have recently begun their closing sales.
This past summer we let you know that EDENS/Burtonsville Crossing has announced that “Playa Bowls will bring never ending summer to Burtonsville Crossing with delicious smoothies, açaí bowls, cold brews, and juices.” The shop owners were recently issued a $250k permit to construct the interior.