December 5 // Real estate execs say marketing Baltimore 'a big challenge' that needs attention ASAP

Some real estate executives say the work to boost Baltimore's poor image needs triage — and funding — immediately. Richard Manekin, a partner in WorkShop Development, said Tuesday that the city's efforts to market itself are a challenge made more difficult by a lack of funding. Manekin said the Baltimore Development Corp., the city's economic development arm, is seeking investors to help it pay for a new, glossy booth for trade shows to help such efforts. (Balt. Bus. Journal)

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Bell Foundry building in Station North sold to investors for 'urban living complex'

The Bell Foundry in Station North — condemned by the city and mired in controversy two years ago for code violations — has changed hands for $725,000. The two-story brick building at 1539 N. Calvert St. sold this month to a partnership between Zahlco Development and RSG Acquisitions. The investors plan to convert the 13,000-square-foot space into an "urban living complex" with upgraded living space. Avenue Real Estate brokered the deal. (Balt. Bus. Journal)

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Lockheed and Airbus join forces for flying gas stations

The F-35 stealth fighter jet tends to dominate headlines when it comes to the goings-on at Lockheed Martin Corp., but a new agreement the world's largest defense contractor has forged to win business supplying flying gas stations to the military is just as intriguing. Bethesda-based Lockheed (NYSE: LMT) and European aerospace giant Airbus SE said Tuesday they had signed an agreement to jointly explore opportunities to the meet the growing demand for aerial refueling for U.S. defense customers. (Wash. Bus. Journal)

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Giant Food to invest $175M in expansion, store enhancement

Giant Food announced Tuesday a $175 million capital investment into expansion and improvement over the next two years, which is expected to create approximately 500 new full- and part-time jobs for the Landover-based regional grocery chain. The investment will include one new store and 24 store remodels. These efforts are in addition to the recently announced $21 million investment into a new Giant in Olney, set to open in spring 2019. (Daily Record)

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Five 'economically disadvantaged' startups get TEDCO investments from new fund

Five startups in Maryland have been selected as the first cohort members of a Maryland Technology Development Corp. program that seeks to fund and train "economically disadvantaged" founders. TEDCO launched its new "Pre-Seed Builder Fund" this year, offering very early stage investments and other support to startups that may be overlooked by other funding organizations. The effort built on and replaced a funding effort TEDCO piloted last year that was specifically aimed at helping African American-owned startups get access to early capital. (Balt. Bus. Journal)

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Gaithersburg biotech names new CEO

Gaithersburg-based Altimmune Inc. has named Dr. Vipin Garg as the company's new president and CEO. Garg, a biotech and pharmaceutical industry veteran who most recently served as president and CEO of Texas-based Neos Therapeutics (NASDAQ: NEOS), succeeds Bill Enright, who stepped down after leading the company through more than a decade of growth involving acquisitions and an initial public offering. (Wash. Bus. Journal)

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This Rockville biotech is getting some help from Maryland, MoCo for its new HQ

Rockville-based RegenxBio Inc. (NASDAQ: RGNX) locked in a new headquarters site about a month ago. Now more details have emerged about financial incentives it is receiving from Maryland and Montgomery County. The company — which signed a 15-year, 132,000-square-foot lease at 9800 Medical Center Drive — is eligible for more than $800,000 in financing. The Maryland Department of Commerce approved a $700,000 conditional loan through Advantage Maryland, formerly the Maryland Economic Development Assistance Authority and Fund, and Montgomery County approved a $100,000 conditional grant, and will help expedite the permitting process for the new location, according to a release. (Balt. Bus. Journal)

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Shipbuilder Huntington Ingalls acquires Md. cyber company

Shipbuilding giant Hungtington Ingalls Industries has acquired a Maryland cybersecurity firm, the latest example of companies looking to build out high-growth government technology services. Annapolis Junction, Maryland-based G2 Inc. is known for its work in national cyber defense, computer network exploitation, cyber analytics and distributed analytics platforms. It will become part of HII's technical solutions division. G2 is almost two decades old and led by founder and CEO Paul Green. (Wash. Bus. Journal)

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