Maryland jurisdictions scramble for Opportunity Zone investments

As the clock strikes midnight on New Year’s Day it will mark a critical juncture in a race among Maryland jurisdictions to entice Opportunity Zone investments. Opportunity Zones are essentially federally designated districts providing tax incentives to reinvest capital gains. The initiative’s boosters argue the incentives will attract substantial dollars bolstering real estate development and …

from https://thedailyrecord.com/2018/12/31/maryland-jurisdictions-scramble-for-opportunity-zone-investments/

BGE names new general counsel

Baltimore Gas & Electric Co. has promoted John Corse to vice president and general counsel for the utility company.

Corse replaces Dan Gahagan, who announced his retirement in September. Corse was previously associate general counsel for parent company Exelon Corp. (NYSE: EXE).

Corse has spent his entire career in Baltimore. He started at Piper & Marbury, a predecessor of DLA Piper. He was also an insurer with USF&G Corp. before joining Chicago-based Exelon in 2003 as chief litigation counsel…

from https://www.bizjournals.com/baltimore/news/2018/12/31/bge-names-new-general-counsel.html?ana=RSS&s=article_search
from http://baltimorecheckbook.tumblr.com/post/181587886752

Hopkins submits police force report to legislature

While a Johns Hopkins University report to Maryland’s legislature recommends a new Johns Hopkins Police Department, the proposal has a number of steps to take before any university officers actually hit the streets. In late December the university submitted to the Maryland General Assembly a report compiling the result of research, community discussions and stakeholder meetings …

from https://thedailyrecord.com/2018/12/31/hopkins-submits-police-force-report-to-legislature/

Bridge Investment Group buys Station Square, plans coworking

A subsidiary of Bridge Investment Group purchased Station Square office complex  in Silver Spring, and plans $12 million in upgrades including a new coworking concept in one building. Bridge Investment Group, via its subsidiary Bridge Office Fund Manager LLC, purchased the threeClass A office buildings on Friday for an undisclosed price. The firm purchased the …

from https://thedailyrecord.com/2018/12/31/bridge-investment-group-buys-station-square-plans-coworking/

Pugh wants businesses, residents to light Baltimore purple in honor of Ravens win

Baltimore Mayor Catherine Pugh wants to light the city purple in honor of the Ravens making the playoffs.

On Monday, Pugh called on Baltimore businesses and residents to switch out regular light bulbs for purple ones to celebrate the team’s 26-24 win against the Cleveland Browns on Sunday, earning them a trip to the postseason. The Ravens will host a playoff game against the Los Angeles Chargers at M&T Bank Stadium on Jan. 6.

The mayor said she has directed the Department of General Services…

from https://www.bizjournals.com/baltimore/news/2018/12/31/pugh-wants-businesses-residents-to-light-baltimore.html?ana=RSS&s=article_search
from http://baltimorecheckbook.tumblr.com/post/181587211227

Year in Review 2018: Companies we lost in Greater Baltimore and across the US

The growth of a business rarely happens in a vacuum. The rise of one company often means the fall of another.

For many business owners, the year 2018 marked the end of the line. Operating plans were scrapped and doors were closed as the landscape of business failed to play out as intended.

You can look back at some of these stories, as told by The Business Journals publications over the past year, through the gallery presented here.

Not included in the gallery are the many businesses still in…

from https://www.bizjournals.com/baltimore/news/2018/12/31/year-in-review-2018-companies-we-lost-in-greater.html?ana=RSS&s=article_search
from http://baltimorecheckbook.tumblr.com/post/181586437362

Greater Baltimore’s public companies have paid out $1.4B in dividends this year

Greater Baltimore’s public companies increased the amount they spent paying out dividends by 12.5 percent in 2018, following a national trend that has helped investors during a year when the stock market has gone negative.

Aided by last year’s tax law that slashed the corporate income tax rate, the region’s biggest public companies have spent about $1.44 billion on dividends as of Sept. 30, according to federal filings with the U.S. Securities and Exchange Commission. That’s up from $1.28 billion…

from https://www.bizjournals.com/baltimore/news/2018/12/31/greater-baltimores-public-companies-have-paid-out.html?ana=RSS&s=article_search
from http://baltimorecheckbook.tumblr.com/post/181586437227

Waldorf firm to enter 2019 with $15M in new government contracts

Hamilton Pacific Chamberlain in Waldorf has secured $15 million in federal contracts to begin in the new year, after completing several other projects for national cemeteries.

The Waldorf veteran-owned firm specializes in renovations, demolition and new construction of government and military structures. The company has been working in the federal contracting space for eight years.

Most recently, HPC completed multiple projects at national cemeteries, including various repairs and upgrades to…

from https://www.bizjournals.com/baltimore/news/2018/12/31/waldorf-firm-to-enter-2019-with-15-million-in-new.html?ana=RSS&s=article_search
from http://baltimorecheckbook.tumblr.com/post/181586437122

Baltimore police officer accuses department of retaliation for whistleblowing

A former Baltimore Police officer is suing the department, claiming it retaliated against him when he reported an alleged misuse of department resources during a 2016 salvage operation by the department’s marine unit. Jeffry E. Taylor filed suit Friday in U.S. District Court in Baltimore, alleging he was “ostracized, threatened, teased, and subjected to severe and pervasive …

from https://thedailyrecord.com/2018/12/31/bpd-whistleblower-retaliation-taylor/