According to Maryland Lottery and Gaming, Maryland’s six casinos combined to generate $160,524,322 in revenue from slot machines and table games during October 2024, an increase of $712,557 (0.4%) compared to October 2023. Casino gaming contributions to the state during October 2024 totaled $68,562,306, an increase of $1,307,235 (1.9 %) compared to October 2023. (more…)
Montgomery Parks is inviting the public to celebrate the reopening of a popular park in downtown Bethesda as activity returns to renovated Caroline Freeland Urban Park
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.
After a temporary closure of the Woodley Gardens shopping center in Rockville that lasted for more than a week, Carmen’s Italian Ice announced via social media that the plumbing repair work just passed inspection. Carmen’s will open at 2pm today, Z&Z Manoushe Bakery will open tomorrow (Thursday), and we have not heard from Hard Times or Shanghai Taste about a reopening date, though we would assume Thursday or Friday. The parking lot is still “a mess” according to business owners.
The Montgomery College Foundation has launched its largest-ever fundraising campaign, aiming to raise $50 million to support scholarships, resources, and transformative opportunities for students and the Montgomery County community, with the campaign kickoff held at the newly dedicated Catherine and Isiah Leggett Math and Science Building.
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.
Butchers Alley is ten years old! To celebrate we’re throwing a can’t-miss cookout on Saturday August 29th from 11am-2pm. We’ll be grilling up free handcrafted burgers for the first 150 customers, tasting some of our favorite products and we’ve got a few fantastic raffle prizes for you like a $100 catering gift card, a free paella party for four and a butcher's pick bundle of our favorite cuts.
We’ll see you Saturday August 29th from 11am-2pm for great burgers, good times and celebration of 10 years of Butchers Alley!
Montgomery County Executive Marc Elrich issued the following statement on Monday, November 4: (more…)
Maryland State Police Aviation Command rescued an injured hunter from a remote mountain area in Grant County, West Virginia, using an aerial hoist after he fell from a tree stand. (more…)
The Montgomery County Office of Human Rights is accepting nominations for its Human Rights Hall of Fame, honoring individuals who have made significant contributions to civil rights and social justice within the County, with the nomination period closing on Nov. 25 and the induction ceremony set for Dec. 15 at the BlackRock Center for the Arts in Germantown. (more…)
Three seats on the Montgomery County Board of Education were up for grabs in yesterday’s general election. According to the latest unofficial results from the Maryland State Board of Elections, Apple ballot candidates Rita Montoya (At-Large), Natalie Zimmerman (District 2), and Laura Stewart (District 4) all appear to have won their races. The Montgomery County Education Association (MCEA) has released the following statement:
We’ve covered local and national “best fried chicken” lists and wanted to compile a list based on the various articles we’ve seen in the last year along with popular comments from readers and the opinions of our staff:
On November 5, at approximately 4:06 am, Takoma Park Police responded to the 700 block of Ethan Allen Avenue for the report of a strong-arm robbery that had just occurred involving five juvenile suspects assaulting the victim and taking his car keys before stealing his vehicle.
Montgomery County Police 4th District Commander David Smith announced on Twitter/X that the 4D Community Action Team conducted a traffic stop in Aspen Hill on Tuesday evening, resulting in the recovery of an unlawfully possessed firearm and an arrest.