Maryland adds an estimated 7,100 jobs in November, unemployment rate inches higher

BALTIMORE, MD—Maryland’s employment numbers continued their positive trajectory in November, adding 7,100 jobs, according to preliminary estimates released by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). This brings the total number of jobs added in Maryland in 2024 to 40,900. The growth was primarily driven by the private sector, which added 5,400 jobs in November. This puts […]

Governor Moore signs executive order to boost Maryland economy

ANNAPOLIS, MD—Governor Wes Moore has signed an executive order creating several new programs within the state government with the goal of bolstering Maryland’s economy and competitiveness. The order was signed at the Frederick Hotel and Conference Center project, a public-private development project expected to generate $1.5 billion in new private sector spending, 200 jobs, and $4 million in annual state […]

Big Lots closing every store, going out of business

BALTIMORE, MD—Big Lots, the discount retail chain, announced this week that it plans to close all of its remaining stores and go out of business. Fast Company reports that the decision comes after a deal with Nexus Capital Management fell through, leaving the company unable to secure a sale and avoid liquidation. The company had been struggling financially throughout 2024, […]

Party City to close all stores, ending 40-year retail run

BALTIMORE, MD—Party City, the largest party supply store in the United States, is closing all of its stores, marking the end of nearly 40 years in business. CEO Barry Litwin delivered the news to corporate employees in a video conference call on Friday, according to CNN. Litwin told employees that the company is “winding down” operations immediately, with Friday, December […]

Days Inn at Loch Raven to become 122-unit multi-family community

UPDATE: County Executive Johnny Olszewski has provided additional details on the Loch Raven Overlook project. Original story below… TOWSON, MD—Governor Wes Moore has announced $129.5 million in Fiscal Year 2025 awards to support seven state revitalization programs, funding 304 projects in communities across the state. The funding, administered by the Maryland Department of Housing and Community Development, aims to revitalize […]

Maryland invests $50.8M to transform vacant Baltimore properties

BALTIMORE, MD—Maryland Governor Wes Moore has announced $50.8 million in awards to revitalize Baltimore City neighborhoods by reducing the number of vacant buildings. The funding comes from the Baltimore Vacants Reinvestment Initiative (BVRI), a program that has received a record $50 million allocation in the state’s Fiscal Year 2025 budget. “In order for it to be Maryland’s decade, it has […]

Maryland State Police launch holiday highway safety initiative

BALTIMORE, MD—With millions of Marylanders expected to hit the roads for holiday travel, the Maryland State Police have announced increased highway safety patrols over the next two weeks. The initiative will focus on cracking down on impaired, aggressive, and distracted driving. Troopers from all 23 barracks will be deployed in saturation patrols and checkpoints throughout the state. The Maryland State […]