Roy Rogers eyes 100 new restaurants

Frederick, Md.-based Plamondon Companies, which owns 21 Roy Rogers locations and oversees 29 other franchise locations, has hired Franchise Dynamics, a franchise sales outsourcing company, to expand the chain by another 100 locations over the next five years. The Plamondon family, former Roy Rogers franchise operators, bought the Roy Rogers trademark and franchising rights from defunct Canadian firm Imasco in 2002. (Wash. Bus. Journal)

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Rotunda developers break ground on $100M expansion

Demand for apartments is a top reason Hekemian & Co. has confidence to move forward with the redevelopment of the Rotunda in North Baltimore. The 379 apartments are being planned as part of an upscale, amenity-rich complex in the mold of many of the luxury apartments that have enjoyed high occupancy rates since post-recession development restarted in 2010. The family-owned New Jersey-based Hekemian, which has a long history of developing suburban apartment projects, broke ground on the $100 million project on Wednesday in a ceremony attended by Mayor Stephanie Rawlings-Blake and City Council members. (Balt. Bus. Journal)

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Health info tech startups eligible for funds, resources 

You get money, a place to work, a mentor and access to resources. The rest is up to you. That’s the promise of DreamIt Health Baltimore, a four-month, intensive accelerator program for early-stage entrepreneurs in the health information technology sector. (Daily Record)

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Severn Bancorp preferred shares to net feds $23.4M

The U.S. Treasury Department will collect $23.4 million from selling its preferred shares in Severn Bancorp, one of six bank holding companies in which the Treasury auctioned off preferred stock earlier this month. Severn Bancorp, the parent company of Annapolis’ Severn Savings Bank, received $23.4 million from the Treasury Department in November 2008 under the agency’s Capital Purchase Program, part of the Troubled Asset Relief Program, or TARP. (Balt. Bus. Journal)

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Philadelphia firm buys Mount Vernon apartment building

Philadelphia-based Delancey Street Capital LLC has acquired the 100-unit Madison Apartments at 817 St. Paul St. Delancey Street President Daniel Kline declined to reveal the price paid for the building, but for state tax purposes the building is valued at $1.6 million. Kline said the building is 98 percent occupied and presented a prime investment opportunity given strong demand for apartments in the city. (Balt. Bus. Journal)

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Discovery International CEO resigning

Mark Hollinger, chief executive of Silver Spring-based Discovery Communications' International operations, will resign, citing the desire to spend more time with family in the United States. His resignation is effective June 2014. (Wash. Bus. Journal)

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CareFirst hitting the road to raise awareness of insurance plans

No, that’s not an ice cream truck — CareFirst BlueCross BlueShield is selling insurance out of a new van, plastered with photos of smiling children and adults. CareFirst is rolling out the mobile unit at events in the Baltimore-Washington, D.C., area in an effort to get in front of potential new members during Maryland Health Connection’s open enrollment period. (Balt. Bus. Journal)

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Despite delay, insurer may be on the hook 

A developer’s fight over some $625,000 in lost historic tax credits for an award-winning Mount Vernon redevelopment has survived a challenge in U.S. District Court. (Daily Record)

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