Baltimore Checkbook

Port of Baltimore general cargo slips despite...

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The Port of Baltimore saw a slight drop in general cargo in 2015 despite notching records in containers and automobile imports. Port workers loaded and unloaded about 9.6 million tons of general cargo in 2015, officials said Wednesday. That’s down incrementally from 9.7 million tons last year, when the port set a new high-water mark. General cargo is a broad category that includes some important types of freight for Baltimore’s port: automobiles, containers, forest products, roll on/roll off equipment…

Sagamore Development requests $535M TIF for Port...

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Sagamore Development Co. LLC — the real estate arm of Under Armour Inc. CEO Kevin Plank — is requesting $535 million in tax increment financing from Baltimore City for the massive 266-acre redevelopment of Port Covington. The financing would help pay for the project’s infrastructure, including roads, sewers, 40 acres of public park land, bike paths and 17 streets. The TIF would cover work needed to overhaul the aging Hanover Street Bridge, which sits at the foot of Port Covington in South…

Plumber Parkville MD | Call 410-983-6900

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America's 7-year bull market: Can it last?

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The bull market in stocks officially turns seven today.



from http://www.wbaltv.com/money/americas-7year-bull-market-can-it-last/38418892

Goodyear is working on spherical tires

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Goodyear thinks that if we’re going to reinvent the car, we might as well reinvent the tires too.



from http://www.wbaltv.com/money/goodyear-is-working-on-spherical-tires/38405578

Baltimore is seeking a developer for a major...

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The City of Baltimore is seeking a master developer for 49 acres in Northwest Baltimore, taking a step in long-running efforts to overhaul the area under a Park Heights Master Plan. Baltimore’s Department of Housing and Community Development issued a request for qualifications this week for a developer seeking to create a mixed-use, mixed-income neighborhood in a major redevelopment area carved out of blighted blocks between Garrison Avenue, Reisterstown and Pimlico roads. The document calls for…

More cities, states and employers sign on to...

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The White House prepared for President Barack Obama’s Friday visit to South by Southwest by announcing new initiatives to train more workers for technology jobs. Here are the highlights: • Fifteen additional communities, ranging from Atlanta to the state of Hawaii, have agreed to participate in the TechHire program. Through this program, employers work with communities to accelerate training of workers in the skills they need through programs such as coding bootcamps and online training. The…

Emporiyum organizers reveal location for April...

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Baltimore’s annual foodie festival has found a home. Emporiyum will be held on April 16 and 17 in the vacant third-level, 30,500-square-foot space of a former Best Buy at 600 E. Pratt St. next month, organizers said Wednesday morning. The 90 independent food vendors gather each year to hold a two-day culinary fest that draws almost 6,000 patrons who must purchase a ticket for either $40 for a VIP or $25 for general admission in order to taste the offerings that include candies, baked goods and…

Baltimore software firm Catalyst DevWorks raises...

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Baltimore software firm Catalyst DevWorks has raised $11.5 million to advance engineering team development tools and services. Catalyst uses data and predictive analytics to efficiently assemble teams of engineers. Companies can license the tool and use it to improve their own hiring, or can pay Catalyst to put together and deploy an engineering team. The equity and debt investment, from North Carolina-based Salem Investment Partners, will go toward improving the capabilities of the licensed version…

$6 billion real estate bet eases pain for giant...

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Size, it seems, is no guarantee of success in today’s volatile markets. The world’s biggest sovereign wealth fund has just reported its worst year of investment returns since 2011.



from http://www.wbaltv.com/money/6-billion-real-estate-bet-eases-pain-for-giant-oil-fund/38418700