Bank of America employees officially get first pay bump

Bank of America Corp. employees have received their first pay bump on the road to a minimum wage of $20 an hour. The Charlotte, North Carolina-based bank said Wednesday that it hiked its salary floor to $17-an-hour officially on May 1, which will be reflected in the paychecks that workers receive this week. (Balt. Bus. Journal)

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County Launches Small Business Assistance Hub

A new program to help support small businesses in Montgomery County is being rolled out at a regional services center and could be expanded throughout the county within a year. The Business Connect program — which will offer free training, workshops and individual counseling sessions — was announced by County Executive Marc Elrich as part of his efforts to diversify economic development.  “We really want to change the atmosphere and environment in Montgomery County,” Elrich said at a news conference. “Montgomery County thrives on the little stuff, most jobs come out of the smaller entrepreneurs.” (Bethesda) 

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Former Under Armour in-house counsel joins Womble Bond Dickinson

Nicholas Hawkins, former in-house counsel at Under Armour, is joining Womble Bond Dickinson’s Baltimore office, the firm told The Daily Record Wednesday.  Hawkins handled trademark matters for athletes and celebrities at Under Armour and will now provide transactional, IP and branding guidance to clients across numerous industries, the firm said, adding that Hawkins is joining as a senior associate. “My goal is to add value to clients through a range of services, not just in one area of the law,” Hawkins said in a news release. “Many emerging growth companies are under-resourced, and they can really benefit from an outside counsel who can solve multiple problems.” (Daily Record)

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Chesapeake College hosts career fair for high schoolers

Chesapeake College partnered with Mid-Shore transition facilitators to hold its annual career fair for high school students across the five counties on Tuesday, May 14. The career fair featured companies and organizations such Maryland State Police, Special Olympics Maryland, Celeste, Pep-Up, Quality Staffing Services, For All Seasons, Animal Welfare League of Queen Anne’s County, The Whalen Company, Bayside Animal Hospital, Visiting Angels, PRS Guitars and more. High school students, grades 9 through 12, from across all five Mid-Shore counties were invited to attend, along with the Maryland School for the Blind and the Benedictine School. They learned about job opportunities and training or education required for career paths of interest. (Star Democrat)

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A new way to earn loyalty points for Hilton Honors members: Ride Lyft

Hilton Honors members have a new means to earn points toward free nights: riding in a car. McLean-based Hilton Worldwide Holdings Inc. (NYSE: HLT) and San Francisco-based Lyft Inc. (NASDAQ: LYFT) on Tuesday jointly announced a partnership through which Hilton Honors members will earn points for using the ride-sharing service. Those points can be redeemed for Hilton rewards, experiences and retail offers, and members will also, eventually, be able to redeem Hilton Honors points for Lyft credits. The deal works simply by linking the two accounts at HiltonHonorsLyft.com. (Balt. Bus. Journal)

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Legg Mason tweaks restructuring plan

Legg Mason Inc. no longer plans to combine affiliate operations into the company's overall central office and has narrowed the cost-savings goal for its restructuring effort. CEO Joseph A. Sullivan and CFO Peter Nachtwey provided an update on the restructuring plan during an earnings call with analysts late Monday. Sullivan said the Baltimore-based money manager's plan has "evolved" based on feedback from affiliates. Legg Mason (NYSE: LM) announced its plan for creating a new global operating platform in February. The company has been operating under a model where affiliates act independently of one another. (Balt. Bus. Journal)

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Some Maryland businesses welcome tariffs as economists warn of rising prices from U.S.-Chinese trade war

Some Maryland business owners are welcoming stringent U.S. tariffs on Chinese imports, but economists warn they also will mean rising prices on a variety of consumer goods. President Donald Trump recently instructed U.S. Trade Representative Robert Lighthizer to raise existing tariffs — or taxes on goods entering the country’s borders — for about $200 billion worth of Chinese imports from 10 percent to 25 percent. He also ordered him to prepare to raise tariffs on all remaining imports from China valued at about $300 billion. (Balt. Sun)

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Maryland Gov. Larry Hogan's real estate holdings continued to expand in 2018

A trust managing Maryland Gov. Larry Hogan’s development business continued to expand his real estate holdings last year, according to new financial disclosure forms filed by the governor. Hogan now has an ownership interest in 43 limited liability corporations — including four new companies formed since he last filed his forms in 2018. (Balt. Sun)

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