Brown Advisory acquires D.C.'s NextGen Venture Partners

Brown Advisory is purchasing Washington, D.C. venture firm NextGen Venture Partners. Terms of the deal were not disclosed. Baltimore-based Brown Advisory was already a minority investor in NextGen and in its first fund — a $22 million debut announced in May. NextGen's four managing partners — founders Dan Mindus and Brett Gibson, as well as Chris Keller and Jon Bassett — will join Brown starting Feb. 22. (Balt. Bus. Journal)

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Small-batch craft brewery opens in Crofton

Craft beer fans on the hunt for variety have a new option in Crofton, one of two breweries to debut in Anne Arundel County this month. Chesepiooc Real Ale Brewery opened last weekend at 2408 Crofton Blvd. with a focus on small-batch brewing and a constantly rotating beer list. Once the brewery is operating at full bore, it will offer eight cask ales as well as 16 beers on tap — all of them brewed in batches of no more than two barrels at a time. (Balt. Bus. Journal)

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Baltimore restaurants expect extended boost from midweek Valentine's Day

Baltimore restaurants are feeling the love for longer this Valentine's Day season. With Feb. 14 falling on a Wednesday, some businesses are extending holiday specials to an entire week or more. Sales data indicate that restaurants see their biggest boost on the Saturday after Valentine's Day, according to restaurant management platform Upserve, which recently released a sales forecast based on information from thousands of restaurants across the U.S. (Balt. Bus. Journal)

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February 12 // New bill adds fuel to controversy over Maryland brewery regulations

A bill introduced in the General Assembly Thursday is adding fuel to the ongoing debate over regulation of Maryland breweries. House Bill 1052, sponsored by Delegates Talmadge Branch and Dereck Davis, proposes to roll back many of the changes enacted under a contentious measure the legislature passed last year in an effort to pave the way for a new Guinness brewery opening in Baltimore County. (Balt. Bus. Journal)

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Maryland recovers $81 million from Medicaid technology contractor

The state of Maryland recovered $81 million from a contractor that officials said botched efforts to rebuild the state’s Medicaid computer system, Attorney General Brian Frosh announced Friday. The state terminated its $170 million contract with Computer Sciences Corp. in 2015 after complaining for a year about the company’s work. The state had already paid about $27 million to the company, much of it coming from federal funds. (Balt. Sun)

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Md. affordable housing developers expect reduced demand for tax credits

Developers of affordable housing in Maryland expect federal tax reform to harm the prices for tax credits, but to what extent remains unknown. Slashing the corporate tax rate from 35 percent to 21 percent was a major component of the federal tax overhaul passed late last year. (Daily Record)

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Jared Kushner firm asks judge to return tenant lawsuit to Baltimore court, keeping investors' identities secret

Rather than reveal its investor’s identities as ordered by a federal judge, the apartment company owned by Jared Kushner has asked the judge to transfer a tenants’ lawsuit against it back to the Baltimore court where it was first filed. Westminster Management “respectfully requests that this Court remand this matter to the Circuit Court for Baltimore City,” the company says in a filing submitted Friday by Baltimore attorney Michael E. Blumenfeld. (Balt. Sun)

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Commission nixes controversial Critical Area project in south county

Maryland’s Critical Area Commission has effectively halted a controversial south county waterfront development and ordered Anne Arundel County to correct problems in its program to enforce Critical Area development rules. The commission voted Wednesday to make the county correct deficiencies in its planning and zoning procedures that allowed the preliminary approval of the previously denied project along Deep Cove Creek in Churchton. In a letter to the county, the commission also said any approvals granted under the part of the program deemed to be deficient are “null and void.” (Capital)

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