Governor Wes Moore Maryland Minority Business Counts

New year, new cap for personal net worth in Maryland’s Minority Business Enterprise Program

Posted on by Chris Montcalmo

HANOVER, MD—The Maryland Department of Transportation’s Office of Minority Business Enterprise today announced the Personal Net Worth cap applied to the Minority Business Enterprise Program will increase from $1,995,008 to $2,073,412, effective January 1, 2024. As required by Maryland law, the state’s Minority Business Enterprise Program adjusts its personal net worth cap annually based on the Consumer Price Index. The […]

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Credit Squeeze Taxes Taxation Recession Inflation

New Inflation Tracker: Cost of Maryland’s basics rising faster than CPI

Posted on by Chris Montcalmo

BALTIMORE, MD—The cost of household essentials in Maryland has risen at a faster clip than inflation, leaving low-wage workers priced out of affording the basics, according to United Way of Maryland and research partner, United For ALICE. Over the course of 15 years, low-wage jobs didn’t keep up with the increased cost of essentials. Workers in retail sales, the most […]

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Credit Squeeze Taxes Taxation Recession Inflation

Baltimore ranked among top 5 cities where inflation is growing the most

Posted on by Chris Montcalmo

BALTIMORE, MD—Baltimore residents are feeling the effects of higher prices more than most, as the region has been ranked among the top five cities in the nation where inflation is growing the most. With inflation hitting an over 40-year high in June, the personal-finance website WalletHub on Wednesday released its report on the Cities Where Inflation is Growing the Most. […]

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