8 things to know: Banditos sets Columbia opening; Goodwill plans school for adults
The Baltimore Business Journal / Mar 22, 2023
Banditos Tacos & Tequila will open its new Columbia location on April 13 and subsequently host a grand opening celebration on May 5, Cinco de Mayo.
Good morning Baltimore!
It's going to be even more beautiful today with temperatures expected to rise to the mid-60s. Be sure to go out and absorb some sunshine.
Now, let's get to today's news. And don't forget to subscribe to the BBJ's Morning Edition or Afternoon Edition for the business news you need to know.
Goodwill to open high school for adults
Nonprofit Goodwill Industries of the Chesapeake announced yesterday that it plans to open a free high school for adults. Excel Center, which is expected to open in September, will serve adult students with varying levels of previous education through accelerated learning, individualized attention and in-person instruction over eight weeks so that they can earn a Maryland Department of Education-issued diploma. The center will be located at Goodwill's former headquarters at 222 E. Redwood St. in downtown Baltimore and joins more than 30 other Excel campuses in seven states. The project will be paid for with a mix of federal, state and donated funds.
Stanley Black & Decker cuts hundreds of jobs in two states
Tool and hardware manufacturer Stanley Black & Decker plans to discontinue operations at its Fort Worth, Texas facility and will transfer its Cheraw, South Carolina operations to Jackson and Gallatin, Tennessee, Dallas Business Journal reports. The change will impact 175 jobs in Texas and 182 jobs in South Carolina and add 80 jobs in Tennessee. Stanley, which is headquartered in Connecticut but has a major presence in Greater Baltimore where its $12.8 billion tools and storage business is located, said the cuts were done as part of an optimization of its footprint.
Banditos sets opening date for new Columbia location
Banditos Tacos & Tequila will open its new Columbia location on April 13 and subsequently host a grand opening celebration on May 5, Cinco de Mayo. The new Baltimore-based concept's new location is in the Merriweather District, the emerging urban core in Downtown Columbia near Merriweather Post Pavilion. Banditos joins a growing number of new restaurant and retail concepts at the development. The new Banditos' spans 5,200 square feet and includes indoor and outdoor space, TVs, free parking, roll-up garage doors and regular musical entertainment. This marks the seventh location of the Banditos' concept from restaurant group White Oak Hospitality.
Baltimore Farmers' Market sets return date
The Baltimore Farmers' Market will return to its spot under the Jones Falls Expressway for the 2023 season starting Sunday, April 2. The market opens at 7 a.m., rain or shine. The Baltimore Office of Promotion and the Arts announced the date yesterday. The opening date is also the first B-Side of the year — a monthly extension of the market that features local musicians, performers and more — and will showcase some of the city's DJs spinning Baltimore club music.
Federal Reserve faces tough decision
The Federal Reserve today will weigh whether to increase interest rates once more, even amid a series of bank failures that forced government intervention earlier this month, the Washington Post reports. Financial markets expect an increase of a quarter of a percentage point, but some experts are calling for a pause on the fight against high inflation due to the current fragile state of the financial system. An announcement on the subject is expected at 2 p.m., as well as new economic projections on inflation, unemployment, economic growth and future interest rate plans.
Maryland awards $1 million to manufacturers
A group of 23 Maryland manufacturers was awarded a total of nearly $1 million yesterday to help modernize their operations. Gov. Wes Moore announced the recipients of the Department of Commerce's Maryland Manufacturing 4.0 program, which provides grants to small and mid-sized manufacturers to invest in new, Industry 4.0 technology. Industry 4.0 refers to the fourth industrial revolution, a focus on digitization and automation of manufacturing. Among the recipients are several breweries including Union Craft, Diamondback and Clipper City, as well as other manufacturers, Gamse Lithographing Co., Pixelligent Technologies, Tulkoff Food Products and more.
Howard County accepting innovation grant applications
Howard County is now accepting applications for its Transform Howard Innovation Grants, designed to provide local nonprofits with funds to create and implement forward-thinking ideas to help them better serve county residents. There is $500,000 in funding available and grants will range from $10,000 to $50,000. Applications are due by April 21. Click the link above to learn more about eligibility and how to apply.
D.C. hospitality startup raises $65 million
D.C. hospitality startup Placemakr — formerly WhyHotel — has raised $65 million in equity funding exactly one year after a $90 million infusion. Half of the raise will go toward purchasing more real estate for its apartments, co-founder and CEO Jason Fudin said, and the other half will be used to further develop and streamline its tech platform. Placemakr became known for operating temporary hotels, with several in the area at one point or another including in Baltimore and Columbia, but the startup also does longer-term property management. Now, most of the company’s business comes from what it calls its hospitality living properties, where it manages entire properties on a permanent basis, offering long, medium and short-term stays, Washington Business Journal reports.