Gaithersburg Police and Montgomery County Police responded to a Starbucks on Quince Orchard Road Wednesday morning after receiving a report of a man allegedly causing a disturbance, blocking vehicles and attempting to climb into the drive-thru window. (more…)
As students across Maryland return to school, the Maryland Department of Transportation Motor Vehicle Administration is reminding motorists to slow down, remain alert and understand when they are legally required to stop for a school bus.
Four Montgomery County companies in the financial services, AI, biopharma, and clean tech industries raised just over $460 million across public offerings and private investment activity in June and July, signifying continued investor confidence in Montgomery County’s business ecosystem.
In June, Forbright, a Chevy Chase-based bank holding company with 545 employees, successfully completed its initial public offering on the Nasdaq. The D.C. region’s fastest-growing bank raised $142.2 million, valuing the company at approximately $950 million, marking not only a major milestone for the company but also for Montgomery County’s rapidly expanding financial services industry, which boasts companies spanning venture capital, private equity, financial technologies, and investment asset management.
Also in June, Bethesda-based Xometry announced a $225 million secondary public offering. Founded in Gaithersburg, the AI-powered manufacturing marketplace has become one of Montgomery County’s homegrown innovation economy success stories, connecting businesses with manufacturing capacity around the world through its intelligent digital platform. The additional capital will allow the company, which employs over 1,000 people, to continue expanding and investing in advanced manufacturing innovation.
Known as the anchor of the third-largest biopharma hub in the nation, it’s not surprising that life sciences companies in the County also continue to attract attention from investors. In July, RegenxBio, Inc., a clinical-stage biotechnology company focused on the development of gene therapy treatments, raised $90.04 million in its second public offering on the Nasdaq Stock Exchange. Located in Rockville with over 370 employees, RegenxBio is a leader in developing therapies for retinal, neuromuscular, and neurodegenerative diseases.
In clean tech, Arculus Solutions, a developer of hydrogen-barrier coatings designed to protect infrastructure from hydrogen embrittlement, raised $1.95 million of Seed-1 funding from undisclosed investors, putting the company’s pre-money valuation at $20.05 million. The company’s coatings can be used in various applications, such as hydrogen fuel cell pipelines, storage tanks and hydrogen-powered vehicles, enabling the energy industry to reduce the risk of accidents and improve safety. Based in Bethesda, Arculus is yet another example of Montgomery County’s growing position as a hub for clean tech, which is home to several leading clean tech companies, including X-energy and Liatris.
From innovative financial institutions and AI leaders to biopharma and clean tech companies that are developing technologies that are shaping to future, Montgomery County continues to remain a place where companies can start and scale quickly.
The Maryland Department of Transportation State Highway Administration has begun construction on a $10.4 million project designed to improve safety and traffic operations along US 15 at Auburn Road and Angleberger Road in Frederick County.
The 2nd Annual Germantown Back to School Giveaway will return to Northwest High School on Sunday, August 23, offering free school supplies, food, haircuts, activities and more for local families. (more…)
HouseMouse Books is excited to announce the debut of Escape the Bookshop IV, our brand new limited-run escape room experience.
Escape the Bookshop games are always based on a real crime with connections to the DC region. They are designed and built by HouseMouse Books to be played in our atmospheric bookshop. This latest game was inspired by a true local museum theft and the goal is simple – to find the stolen object before the suspect flees the country!
You’re Invited to the Community Fall Dance! 🍁
Join us for a fun, free evening of music, dancing, and community under the stars!
Maryland has launched a new Assisted Outpatient Treatment program designed to provide court-ordered, community-based treatment and support for individuals with severe mental illness who have had difficulty remaining engaged in voluntary treatment. (more…)
Montgomery County Councilmember Dawn Luedtke will host a community meeting addressing social and safety needs at South Lake Elementary School (18201 Contour Rd.) 7-8:30pm on Thursday, August 27.
Legendary former Washington football coach and current NASCAR team owner Joe Gibbs is launching a new series on X in which he will answer questions submitted by commenters each week. “Anything from football and racing to faith, life, and everything in between,” Gibbs wrote. “Drop your question in the comments, and we’ll pick a couple each week for me to answer.”
Montgomery County Police are asking for the public’s assistance in identifying a suspect in connection with a commercial burglary in Colesville. (more…)
The Montgomery County Board of Education approved the following administrative appointments on Aug. 20:
The Montgomery County Police Department shared an overview of reported calls for service from August 19. The summary does not reflect every call handled by officers that day.
Nips Juice House is relocating its Silver Spring presence to Commas Food Hall at Ellsworth Place, with plans to open its new location by mid-September. (more…)