Towson Row's 720-unit student housing tower breaks ground after redesign

The 720-unit student housing tower at Towson Row is underway after a complete redesign. The eight-story development broke ground last month and is expected to welcome students from Towson University for the 2020 fall semester, said Christian Cerria, development director for Gilbane Development Co. The tower is expected to be completed in 18 months. (Balt. Bus. Journal)

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Baltimore clothing designer among finalists in Lyft Pitch competition

Baltimore women's clothing designer Allison Brown is among eight entrepreneurs who have been selected to compete for up to $30,000 in prizes at a pitch competition hosted by ridesharing company Lyft. The Lyft Pitch competition is designed to provide extra support for its drivers who are working to grow their small businesses. Of Lyft's 1.5 million drivers across the country, nearly 18 percent are driving to support their own business, according to the company. In Brown's case, she is the creator of Jeanextreme, a brand that makes urban apparel and home decor from recycled denim and other textiles. (Balt. Bus. Journal)

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Gas prices on downward trend in Maryland, Hagerstown

The average gas price in Maryland is on a downward trend that is expected to continue in coming weeks, which could mean less money spent at the pump for local drivers, according to a AAA press release. At $2.76, the national gas price average is at its cheapest in six months. At the start of the week, motorists in every state but Hawaii are paying as much as a nickel less to fill up, AAA says. (Herald-Mail)

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Business to expand to Frostburg, bring 15 jobs

Total Biz and Fulfillment, which logistically supports children's toy manufacturers, will be expanding to Frostburg and have 15 full-time positions by January 2020. "We are really excited to be expanded into Frostburg and Allegany County," said Paul Ruddell, vice president of operations at Total Biz and Fulfillment, during the Allegany County Commission meeting on Thursday. "I think it will be a win-win for the community and the state of Maryland." (Times-News)

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'This is fantastic': Aldi draws huge crowd for Salisbury opening

Getting up at 4 a.m. paid off for David Clauges and Janelle Mansfield of Bridgeville. The early alarm allowed them to be first in line at the new Aldi store in Salisbury for its opening day. Clauges, Mansfield and 98 others who lined up in advance of the 8 a.m. opening received gift cards and Aldi shopping bags. They also had the chance to win free produce for a year. The Salisbury store is the second on Maryland’s Eastern Shore for the German grocery chain, said Alex King, director of operations for Aldi’s Frederick, Maryland, division. (Daily Times)

 

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November 8 // Sinclair reports third-quarter earnings that beat expectations

Sinclair Broadcast Group reported better-than-expected quarterly earnings Wednesday and boosted its quarterly dividend after seeing strong growth in political advertising sales. The Hunt Valley-based TV station owner said revenue jumped nearly 19 percent to $766.3 million, compared with $644.5 million in the third quarter of 2017. The company earned $63.9 million, or 62 cents per share, in the three months that ended Sept. 30, compared with $30.6 million, or 30 cents per share, in the same period of last year, it said. Analysts expected earnings of 56 cents per share. (Balt. Sun)

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Broadway Market attracts five local vendors amid $3M overhaul

Brothers Khari and Shawn Parker will be serving up chicken and waffles and shrimp and grits inside the renewed and upgraded north shed of Broadway Market. Connie's Chicken & Waffles is one of five new businesses set to move into the north shed of the 232-year-old market when it reopens in February, the Parker brothers said Wednesday. "We're expanding into our third location and we're from Baltimore, so this is an area we haven't tapped into yet," Khari Parker said. (Balt. Bus. Journal)

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Ellicott City IT firm wins $139 million federal contract

An Ellicott City IT firm has been awarded a five-year, $139 million contract to provide development operations support to a Department of Defense intelligence agency. Veteran-owned Data Computer Corp. of America will provide IT and cyber support for Signals Intelligence, a branch of military intelligence under the National Security Agency. The agency focuses on monitoring, intercepting and interpreting radio signals and radar signals. (Balt. Bus. Journal)

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