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…)
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.
Mi Rancho’s Silver Spring location is temporarily closed following a fire on the restaurant’s roof late Wednesday night.
SOL of Potomac is set to open its new cannabis dispensary, The Penthouse, on Monday, August 24 at 350 Fortune Terrace, Suite 210 in the Potomac Woods Shopping Center, next to Park Potomac. (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!
9:00 am Memorial Ceremony
Join us as we remember those lost to substance use.
Montgomery County Fire and Rescue Services (MCFRS) responded to the 8300 block of Woodmont Avenue in Bethesda Thursday afternoon for a report of an odor of gas and people feeling sick inside a building. (more…)
On Wednesday, Gov. Wes Moore and the Maryland Department of General Services (DGS) announced a 20-year agreement to purchase solar energy generated in Western Maryland, a deal state officials say could save Maryland approximately $300 million while expanding the state’s use of renewable energy. (more…)
Montgomery County leaders are opposing proposed federal changes to Head Start, arguing the changes would weaken standards related to staffing, instructional time, multilingual education and parent involvement. (more…)
Montgomery County Fire and Rescue Services (MCFRS) and Gaithersburg City Police responded to a dirt bike crash Wednesday, Aug. 19 at Extra Space Storage on W. Diamond Avenue in Gaithersburg. (more…)
Montgomery County Fire and Rescue Services (MCFRS) responded to a building fire at Mi Rancho Restaurant in Silver Spring late Wednesday night that left three workers trapped on the roof. (more…)
A deceased beaver found at Seneca Creek State Park tested positive for rabies days after a 10-year-old girl was attacked and bitten by a beaver in the park, according to an updated release from the Maryland Department of Natural Resources.