A 30-year-old Rockville woman, a manager at Silo Falls Restaurant in Brookeville, has been charged with theft and credit card fraud after using a customer’s forgotten credit card, with detectives seeking additional potential victims.
Detectives from the Montgomery County Department of Police – 6th District Investigative Section are asking for the public’s assistance in locating Malik Williams, a missing 18-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.
On Tuesday, the Montgomery County Council unanimously extended the Minority, Female, and Disabled-Owned Business Purchasing Program through 2029, aiming to address disparities in contracting opportunities as highlighted in the recent Disparity Study. (more…)
The Washington Commanders announced today that they have named safety Jeremy Reaves the winner of the team’s 2024 Ed Block Courage Award. The honor is given annually to a player from each National Football League team who displays extraordinary courage in the face of adversity.
On August 22, the New Neighbor Interfaith Alliance (NNIA) will host the 2026 Set Them Up for Success Volleyball Tournament and Family Fun Day from 9 am-4 pm at the Interdenominational Church of God in Gaithersburg, gathering volleyball teams, faith community members, and the public to raise funds to help recent refugees in Montgomery County attain independence.
An interfaith non-profit alliance of 37 faith communities and civic groups, NNIA raises funds to help resettled refugees with rental assistance, deferred medical care, English language skills and job placement. They also hope to expand their volunteer numbers to help more beneficiaries with job assistance, reliable transportation, and mentoring.
The Ultimate Showdown of Illusion & Hilarity: THE MAGIC DUEL
WITNESS THE SPECTACULAR COLLISION OF MIND-BLOWING MAGIC AND SIDE-SPLITTING COMEDY!
Dr. Joseph Bostic, currently a principal intern at Northwood High School and a former MCPS Teacher of the Year, has been appointed acting principal of Thomas S. Wootton High School effective December 10, 2024. This change follows the administrative leave of Principal Doug Nelson on December 9, after an incident where a racial slur was found written on a student’s desk.
Dr. Peter O. Moran, Chief of Schools for MCPS, shared the following message with the Wootton community:
According to Maryland Lottery and Gaming, Maryland’s sports wagering market generated $11,798,035 in contributions to the state during November 2024, the largest single-month total the program has produced since its launch in December 2021. (more…)
Ledo Pizza has been a staple in Maryland since the original Ledo Restaurant opened in Adelphi , MDN(Prince George’s County) in 1955. They are one of the first restaurants to introduce what we call “Maryland Style Pizza” to the area and recently they made a fun post on social media reminding customers that there’s no S in their name. Nearly 2,000 customers, some who have called the restaurant “Ledo’s” for years, responded on the original post and we have some of the most reacted to comments below:
Paris Baguette at 21030 Frederick Rd in the Milestone Center in Germantown will host its official grand opening event on Saturday, December 14. The celebration includes a free pastry for the first 50 guests in line and a free pastry with purchase for new app users. (more…)
Montgomery County’s Ride On bus system saw a 20% ridership increase over last year, the second-highest growth nationwide for transit systems of its size, with over 18.5 million rides this fiscal year driven by service improvements and infrastructure upgrades. (more…)
Germantown Native and Northwest High School Alumna, Caitlyn Kumi, Makes 2025 Forbes 30 Under 30 List
Caitlyn Kumi, a Germantown native who graduated from Northwest High School in 2017, has made the 2025 Forbes 30 Under 30 List in the ‘Marketing & Advertising’ category. She is […]
Governor Wes Moore announced the Maryland Soft Landing Exchange Program, enabling Maryland companies to explore international markets at reduced costs through partnerships with global business incubators, offering resources, networking, and grants of up to $10,000 to support export expansion efforts. (more…)