News Archive

At the first annual meeting for MCEDC, the Executive Committee is re-elected, the newly appointed Interim Director is announced, and the FY2017 budget is set.

The Montgomery County Economic Development Corporation (MCEDC) held its first annual meeting on June 13, 2016, at which it re-elected their Executive Committee for the coming year. As of July 1, 2016, MCEDC replaced both the Montgomery County Department of Economic Development (MCDED) and the Montgomery Business Development Corporation (MBDC); both entities are now officially dissolved. MCEDC is now the primary point of contact for the local, regional, national and international business community.

Canada’s publicly funded health care system is a source of pride and a defining value for Canadians. They rely on it for timely access to universal, high-quality and innovative treatments and services that are based on need, not on the ability to pay. To support Canadians battling cancer, the Government of Canada is investing $15 million over five years in the Centre for Commercialization of Cancer Immunotherapy (C3i). Immunotherapy is an emerging area of medicine that uses the power of the immune system to combat cancer. When brought to market, C3i’s form of cancer treatment stands to revolutionize cancer care by providing access to non-toxic, highly efficient cures that do not rely on chemotherapy.

Following in their Senate colleagues’ footsteps, a House subcommittee signed off on a budget increase for the National Institutes of Health Thursday. The increases for fiscal-year 2017 confirm lawmakers’ public pledges to establish a pattern of improved budgets for the agency, which before last year saw more than a decade of flat funding. 

After years of puzzling over how its grant-review process might be shortchanging younger scientists, the National Institutes of Health appears to have figured out a more fundamental truth: There just aren’t enough of them applying.

Here at Commerce, we’re always talking with representatives from Maryland businesses. Recently, we spoke with several business owners and executives about success, specifically asking how their companies are finding success in Maryland.

Johns Hopkins University President Ronald J. Daniels’ contract has been extended through 2024 by the school’s Board of Trustees.

This is a five-year extension for Daniels, who was given an initial five-year extension in 2014. Daniels, 57, joined Johns Hopkins in 2009, becoming the school’s 14th president.

Robust influx of millennials in the workforce is a significant factor in this year’s ranking of the top 50 “Tech Talent” markets in the U.S. and Canada

San Francisco remains the nation’s leading tech market, but the competition for talent is getting tougher as more highly skilled tech workers—especially millennials—are flocking to cities where the cost of living is lower and tech jobs are plentiful, according to CBRE Group, Inc.’s annual Research report, “Scoring Tech Talent,” which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent.

Wexford Science & Technology LLC will soon again be under new ownership.

Chicago-based Ventas Inc. has agreed to pay $1.5 billion in cash to acquire substantially all of the assets of the Baltimore real estate investment and development firm from affiliates of Blackstone Real Estate Partners VIII L.P. Ventas will also assume $33 million of liabilities. The deal is expected to close in the fourth quarter.

D.C. venture capital powerhouse Updata Partners will announce Thursday that it has raised $280.6 million in new funding.

Updata, whose portfolio includes Mashable and VideoBlocks, surpassed its goal for the Updata Partners V LP fund by about $5 million. As of April, it had reported raising $160 million to the Securities and Exchange Commission.

Could lab-grown bones replace tissue grafts and multiple painful surgeries? Nina Tandon is the CEO and co-founder of EpiBone, a Brooklyn-based biotech company that was chosen as one of the World Economic Forum’s 2015 Technology Pioneers. Tandon is also a World Economic Forum Young Scientist who will be speaking at the Annual Meeting of the New Champions in Tianjin, China, from June 26 to 28.