AGP Executive Report
Last update: 13 minutes agoDowntown Baltimore: Harborplace developer P. David Bramble says the city’s decline threatens its future. MCB’s redevelopment start has slipped to early next year, and financing documents suggest the project may struggle to attract investors despite a proposed 25-year property-tax break. Infrastructure: Federal approval clears the way for a new Chesapeake Bay Bridge, with construction potentially starting in 2032. Business Costs: The National Aquarium plans to cut 30 jobs, citing higher operating costs, while a pharmaceutical company will lay off 94 workers at its Hunt Valley facility. Baltimore is also fighting a proposed BGE surcharge that could add $9 to monthly bills. Investment: Baltimore County approved a $210 million tax break for Anduril’s planned Sparrows Point shipyard. In Baltimore, the Moore administration announced $4.5 million to support small businesses through a neighborhood investment fund. Maryland Companies: Baltimore-based cleat maker Caddix, a four-person company with revenue just under $2 million last year, gained national attention after Bears quarterback Caleb Williams wore its product.
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