Baltimore Business Journal | WYPR

Baltimore Business Journal

The Baltimore Business Journal

The struggles of Baltimore's downtown core in attracting businesses, reducing crime and lowering vacancy rates have become magnified as the city aims to pull out of the Covid-19 pandemic. 

The Baltimore Business Journal

On their latest project in West Baltimore’s historic Auchentoroly Terrace, Dan Midvidy and his team are all about the details. Look to the soon-to-be-installed front wraparound porch, made of African Mahogany from Baltimore woodcrafter Thomas Brown Woodwright. 

The Baltimore Business Journal

Fells Point's luxury hotel, the Sagamore Pendry Baltimore, will reopen July 1 with new guidelines in place as the novel coronavirus remains a concern. 

The Baltimore Business Journal

Sugarloaf Mountain Works Inc., better known as Sugarloaf Craft Festivals, has filed for Chapter 7 bankruptcy in the wake of the Covid-19 pandemic, which halted large gatherings and choked off the 45-year-old company's main source of revenue. 

The Baltimore Business Journal

As Covid-19 continues to shake up the local retail market, one developer is hailing this week's full opening of the first mid-Atlantic location of a chain restaurant as a sign of hope. 

The Baltimore Business Journal

A recent design competition will soon yield new temporary, outdoor social spaces across 17 Baltimore neighborhoods. 

Bottoms Up Bagels Finds A New Home (BBJ Story)

Jun 17, 2020
The Baltimore Business Journal

After five years of pop-ups and market appearances, Bottoms Up Bagels has a brick-and-mortar home. On Wednesday, the once-nomadic bagelry debuted the "BUB Hub," its new shop and production space at 2731 Greenmount Ave. in Harwood. 

The Baltimore Business Journal

W.R. Grace & Co. is looking to raise $550 million in senior debt to pay off a portion of outstanding debt scheduled to come due next year. 

The Baltimore Business Journal

Under Armour unveiled a new performance-focused face mask Thursday, seeking to make exercise in gyms and in groups safer for athletes without restricting their breathing. 

The Baltimore Business Journal

A national report out Tuesday predicts that a record of up to 25,000 retailers could close this year across the U.S. as Covid-19 continues to rattle the market. The grim prediction by Coresight Research showed a coming tidal wave of retail failures compared to last year when 9,821 retailers went under. 

The Baltimore Business Journal

Maryland's university presidents say they know it is not a matter of if anyone will become infected with Covid-19 when on-campus activities resume, but when. And they are making major investments to try and limit infection spread as much as possible. 

Maisy's Restaurant Will Not Reopen (BBJ Story)

Jun 3, 2020
The Baltimore Business Journal

Another downtown Baltimore restaurant has announced it's closing for good. Maisy's will not reopen after Covid-19 restrictions have lifted, owner Matt Helme announced in a Facebook post Wednesday. The restaurant, with its red-and-yellow awning, brick-oven pizza and happy hour specials, was a neighborhood fixture at 313 N. Charles St. for 11 years.

The Baltimore Business Journal

A growing number of local restaurants are dropping Grubhub and third-party delivery apps, including Uber Eats, DoorDash and Postmates, at a time when many in the dining industry are relying on deliveries to keep business flowing in. 

Novavax Acquires Praha Vaccines (BBJ Story)

May 29, 2020
The Baltimore Business Journal

Gaithersburg biotech Novavax Inc. said Wednesday it has acquired Praha Vaccines, including its manufacturing facility in the Czech Republic, in a bid meet the production goals for its coronavirus vaccine candidate. 

Ma Petite Shoe In Hampden Closing (BBJ Story)

May 28, 2020
The Baltimore Business Journal

Ma Petite Shoe, a shop selling chocolate and chic footwear on the Avenue in Hampden, will close after 18 years in business. The store shared the news on its Facebook page. "We loved every day seeing you from the Mayor's Parade to Bastille Day celebrations," the post says. "But now it's our time to say goodbye." 

The Baltimore Business Journal

Heavy Seas is teaming up with Royal Farms to create the ideal beer to wash down that fried chicken box. The Baltimore brewery will release a new beer later this summer designed to be paired with the regional gas station and convenience store chain's famous fried chicken. 

City Events Canceled Through August (BBJ Story)

May 20, 2020
The Baltimore Business Journal

Baltimore has canceled all special events through the end of August as the number of confirmed Covid-19 cases in the city continues to rise. Mayor Bernard C. "Jack" Young made the announcement Wednesday morning, saying canceled events would include the city's Fourth of July fireworks celebration and the extremely popular AFRAM and Artscape festivals. 

The Baltimore Business Journal

Greater Baltimore is agonizingly close to being home to a Fortune 500 company once again. T. Rowe Price Group Inc. came in at no. 504 on Fortune's 2020 list of the 500 largest publicly traded companies in America. It's the second year the Baltimore-based money manager has made major gains on the list, rising 15 spots from ranking no. 519 last year. 

Ryleigh's Oyster Federal Hill Closes (BBJ Story)

May 15, 2020
The Baltimore Business Journal

Ryleigh's Oyster is saying goodbye to Federal Hill after 20 years on Cross Street. "It's been real Federal Hill," the restaurant's social media account tweeted early Thursday. 

The Baltimore Business Journal

This weekend would normally be the busiest of the year for the Mt. Washington Tavern. The North Baltimore bar and restaurant is known as a gathering spot for horse trainers, jockeys and racing fans who converge on the city each year for the Preakness Stakes.

Rash Field Project Stays on Schedule (BBJ Story)

May 11, 2020
The Baltimore Business Journal

The multimillion-dollar overhaul of one of Baltimore’s most public-facing waterfront parks is forging ahead, aiming to make better use of the land with amenities catering to families and Baltimoreans. Laurie Schwartz, president of the Waterfront Partnership of Baltimore, said nothing has been scaled back. 

Baltimore City Offers Citywide Budget (BBJ Story)

May 6, 2020
The Baltimore Business Journal

Baltimore is taking another stab at proposing a citywide budget for fiscal year 2021 in the wake of the Covid-19 pandemic and unpredictable economic circumstances. City officials presented the $3.8 billion budget Wednesday to Baltimore's spending board with significant changes from an earlier version submitted in March that totaled $3.9 billion. 

The Baltimore Business Journal

Like so many business owners across the U.S., Reed Walker had to furlough his employees in mid-March amid slowing sales and new restrictions aimed at slowing the spread of the novel coronavirus. Walker, the co-founder of Cotton & Reed Distillery in Washington, D.C., temporarily shut down the craft rum company and let go all 17 employees on March 16. 

Sprouts Set To Open Canton Location (BBJ Story)

Apr 30, 2020
The Baltimore Business Journal

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prouts Farmers Market will open its fifth Maryland store this summer and is hiring over 100 workers to staff it. The Arizona-based grocer will open a location at the Collective at Canton in Baltimore on July 22 at 7 a.m. The nearly 29,000-square-foot store will create 110 full and part-time jobs when it opens at 3800 Boston St. A virtual hiring fair with video interviews is schedule for June 10 and 11, and those interested can apply online at sprouts.com/careers. 

Maryland Companies To Produce PPE (BBJ Story)

Apr 28, 2020
The Baltimore Business Journal

State officials have tapped 20 companies across Maryland — including 16 in the Baltimore region — to receive a total of $1.6 million in grants to help manufacture personal protective equipment, or PPE. Gov. Larry Hogan announced the first round of grants from the state’s COVID-19 Emergency Relief Manufacturing Fund on Tuesday afternoon.

Clifton Park Testing Site Opens (BBJ Story)

Apr 27, 2020
The Baltimore Business Journal

Baltimore has introduced another community Covid-19 testing site — its second this week and third since the pandemic began — this time at Clifton Park. 

Penn Station Project Moving Forward (BBJ Story)

Apr 24, 2020
The Baltimore Business Journal

Amtrak officials said Thursday they consider the redevelopment of Baltimore's Penn Station to be "critical" and will continue to move forward on the project even as the railroad company suffers a major financial hit due to Covid-19. Chairman Anthony Coscia said during a teleconference that Amtrak will likely lose $700 million in adjusted operating earnings due to the pandemic, and it's possible the losses could be greater. Ridership has fallen 95% and Amtrak has temporarily suspended several of its routes while modifying others to deal with reduced demand. 

Maryland's hospitals could face a collective revenue shortfall of $1 billion in the three-month period from April through June because of the cancellation of elective and non-urgent surgeries and procedures, according to the Maryland Hospital Association.

The Baltimore Business Journal

The "Opening the Country" council of business leaders that President Donald Trump announced Tuesday includes three powerful Maryland CEOs, alongside a host of business associations and unions that represent many members in the state. 

The Baltimore Business Journal

Months after rolling out its now-widely used (and significantly expanded) global coronavirus-tracking map, Johns Hopkins University has deployed a new web tool offering a granular, community-level look at COVID-19 in the United States. 

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