Baltimore Checkbook

A sneak peek inside Diamondback Brewing's new...

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The exhaust stack that starts in the center of Diamondback Brewing Co.’s new tap room and rises way above into the Baltimore sky isn’t hard to miss when around McHenry Row in Locust Point. But once you get down to the entrance to the brewery and tap room, you get an almost secluded feeling after walking around the corner from many of the other businesses and down the steps toward the entrance. It is that environment that was worth investing in, co-founder Colin Marshall said. Along with fellow…

Here are the 5 largest Baltimore-area nonprofits...

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The top five nonprofits in Greater Baltimore ranked by total assets has not changed from last year. Catholic Relief Services still ranks No. 1 with $496.9 million in total assets for 2015, down 2 percent from last year’s list when it had $486.5 million in total assets for 2014. The oldest nonprofit on the list is the Maryland Science Center, incorporated in in 1826. The attraction had $38.22 million in total assets for 2015, ranking No. 16. Below, you can see the top five nonprofits that made this…

Essex Corp. shareholder alleges Northrop never...

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A former shareholder of the signal processing company Essex Corp. is alleging that Falls Church-based Northrop Grumman Corp. (NYSE: NOC) didn’t pay him for his shares when Northrop acquired the company in 2007, according to court documents filed Thursday. The complaint filed with the Circuit Court for Anne Arundel County states that California resident Conrad Grabowski received 24,557 shares of Essex in February 1990. In January 2007, Northrop acquired Essex, purchasing all of the company’s…

Maryland has lagged in job growth during Obama's...

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The U.S. states that have enjoyed the strongest job growth under the Democratic administration of Barack Obama are North Dakota, Utah and Texas. But all three are likely to support Republican presidential nominee Donald Trump on Nov. 8. North Dakota holds first place in new job-growth rankings from American City Business Journals, based on its 23.9 percent increase in private-sector employment since Obama assumed the presidency nearly eight years ago. The national average for the Obama years was…

Ruth's Chris Steak House on Water Street to close...

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The Ruth’s Chris Steak House on Water Street adjacent to Power Plant Live will close on Friday after 24 years in operation. The restaurant, opened in 1992, was the first of 10 locations of the upscale steak house chain opened by restaurateur Steve de Castro. “As we continue to grow as an organization we have clearly realized that our most important area of focus is the service we provide to our guests,” de Castrosaid in a statement. “With the changing marketplace dynamics and shifting emphasis…

T. Rowe Price CEO Stromberg on the election,...

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William J. Stromberg isn’t worried about the presidential election and thinks active portfolio management can still be beneficial to investors. I had the chance to talk to Stromberg, CEO of T. Rowe Price Group Inc., after the Baltimore-based money manager reported a $327.8 million third-quarter profit, beating Wall Street’s expectations. Stromberg remains somewhat bullish about the fourth quarter and beyond, saying he expects “modest” returns on its assets. He also remains high on active management.…

Greenberg Gibbons' buying spree continues with...

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Greenberg Gibbons — the fast-growing developer behind Foundry Row in Owings Mills — is expanding its reach into Southern Maryland with the acquisition of the proposed 145-acre Waldorf Station. The proposed development at the intersection of U.S. Route 301 and Maryland Route 5 is planned to include about 500,000 square feet of retail and commercial use, 700 apartments and 100 townhomes. Greenberg Gibbons said Thursday that it plans to develop the site into an open-air, mixed-use development with…

Up to Date Laundry to open new facility, create...

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Up to Date Laundry Inc., a 70-year-old company that cleans linens from hospitals, plans to open a new facility in the East Baltimore’s Hollander Business Park next July that will eventually double the size of its 400-person workforce. The 79,600-square-foot building is expected to increase the company’s processing capacity by an additional 72 million pounds. The additional 400 jobs will be added over the next five years as the buildout is completed. FRP Development Corp., a real estate development…

Baltimore Sun union members write open letter...

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Members of Baltimore Sun’s union wrote an open letter to the paper’s parent company, tronc, requesting 2.5 percent raises for all unionized employees, and criticizing the company for not recognizing the work of its journalists. The letter, signed by all newsroom members of the Baltimore Sun unit of the Washington/Baltimore News Guild, was posted online Thursday afternoon, calling for social media users to use #RaiseTheSun to spread the word about their request. calling for tronc, which recently…

OpenWorks partners with CCBC to offer for-credit...

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Open Works, Baltimore’s newest $11.5 million makerspace on Greenmount Avenue, is partnering with the Community College of Baltimore County to offer for-credit courses in design, fabrication and manufacturing. Starting in the spring semester, CCBC will offer courses on-site at Open Works, starting with one of its 100-level degree program courses. Up to 36 students will be able to enroll in the initial course. Next fall, offerings will expand to include more beginner-level classes and sections. The…