Maryland news

• McCormick CEO takes home $6.5 million in 2016

  16-02-2017 20:59
  Lawrence Kurzius saw his pay increase more than 132 percent in his first year as McCormick and Co. Inc.'s CEO, showing it pays to be at the top.Kurzius, who became CEO of the Sparks spice maker a year ago, saw his compensation rise to $6.5 million in 2016 compared to $2.8 million the year before when he was president and COO, according to McCormick's proxy statement filed with federal regulators Thursday.The largest portion of Kurzius' pay, about $1.9 million, came from an incentive plan during&
  
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• Port Covington's first manufacturing bootcamp class finds jobs

  16-02-2017 20:45
  Eight Baltimore City men who call themselves the Elite Eight graduated from a six-week course on Thursday, Jan. 5 that taught them basic manufacturing skills such as carpentry, welding, 3-D printing and more.The following Monday morning, all eight of those men reported for work at their new jobs.Now 16 more men, calling themselves Elevation 16, are beginning the same six-week journey with the Port Covington Manufacturing Bootcamp at the Foundery, the maker space inside of Sagamore Development&he
  
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• Maryland again tops for highest concentration of millionaires

  16-02-2017 20:45
  For the sixth year in a row, Maryland continues to be the state with the highest ratio of millionaire households.At 7.55 percent in 2016, the state again outpaces the rest of the country, according to the Phoenix Wealth & Affluent Monitor, a Rhinebeck, N.Y., market research firm.The state saw a decrease from 7.7 percent in 2015. The total number of households in Maryland grew from 2,237,507 in 2015 to 2,254,798 households.Maryland topped Connecticut, at 7.4 percent, for the top spot again th
  
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• Meal delivery company takes Savage warehouse, plans 500 jobs

  16-02-2017 20:38
  A meal delivery company is opening a distribution center in Savage, where it plans to add 500 jobs by the end of 2018.Freshly is taking 171,000 square feet at 8104 Bollman Place. The company will use the space for food preparation, cooking, assembly and distribution. Freshly plans to invest $8 million for machinery and equipment. Of the space, 87,500 square feet is cold storage.The building was previously occupied by Coastal Sunbelt, which Freshly will sublease the space from. The property is&he
  
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• Giant-anchored Glen Burnie shopping center sells for more than $18M

  16-02-2017 17:45
  Cromwell Field Shopping Center in Glen Burnie has sold for $18.425 million.The 233,486-square-foot property is anchored by a Giant grocery store. Other tenants include Roses Discount Store, BB&T, Dollar General and Dunkin Donuts. It is located on 8th Avenue and Baltimore Annapolis Boulevard near the Cromwell-Glen Burnie light rail station off Interstate 97.The property was purchased by an affiliate of Bethesda-based Broad Street Realty. The seller was a partnership of Klein Enterprises, whic
  
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• BDC considers proposals to sell two blighted west side properties

  16-02-2017 17:27
  Potential buyers of two buildings on downtown's west side will have to wait longer to get a green light from the Baltimore Development Corp. to move forward with redevelopment plans.The BDC's Project Committee voted Wednesday to hold off on making recommendations on a flurry of bids for the two buildings along the city's former retail core of West Lexington Street.Both potential deals need further negotiations, said BDC President William H. Cole IV.One building, at 111 W. Lexington St. was&helli
  
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• Foreman Wolf restaurants, other eateries close Thursday in support of 'Day Without Immigrants'

  16-02-2017 16:36
  Foreman Wolf, one of the most well known and high-end restaurant groups in Baltimore, is supporting its team members by closing all its restaurants Thursday as part of a "Day Without Immigrants."The group, led by James Beard Award-nominated chef Cindy Wolf and Tony Foreman, announced the closing of its restaurants on its social media platforms. The restaurants include Charleston, both Petite Louis locations, Johnny's, Bar Vasquez and Cinghiale."Day Without Immigrants" calls for immigrants to&hel
  
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• New developer takes over project near former Florence Crittenton Home in Hampden

  16-02-2017 12:36
  A new developer has taken over a plan to build 19 townhomes near the former Florence Crittenton Home in Hampden are moving forward.Towson-based Ryan Development LLC expects to start construction on the homes within the next two months. A separate company, RC Crittenton LLC acquired the 2.5 acres of land at 3110 Crittenton Place in January.John Macsherry, a senior vice president with Ryan Development, declined to disclose the purchase price. Ryan purchased the property from developer John Brooks,
  
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• 7 business issues for Baltimore restaurants in 2017

  16-02-2017 12:36
  In 2016, the Baltimore-area restaurant industry continued to grow. With plenty of new restaurant openings as well as new concepts, 2017 looks like another prime year for the industry.The restaurant industry is a competitive landscape, especially in the Baltimore market. For those looking to make 2017 their best year yet, here are the top seven business issues that could impact your success this year.Wage and benefitsA rise in the minimum wage affects all businesses, but especially those in&helli
  
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