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Greater Baltimore’s 15 largest public companies have nearly $6 billion in cash on hand, a figure that’s up only 8 percent from a year ago as businesses become more conservative with their spending amid the uncertain economic climate.Despite predictions that last year's tax-reform law would spur U.S. companies to reinvest cash from abroad in jobs and expansion at home, the cash stash by Greater Baltimore companies is in line...

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Source: Baltimore Business Journal - Baltimore, Maryland
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One of Gov. Larry Hogan's former top aides is moving into a new role in the private sector.Doug Mayer is now a partner at Strategic Partners & Media, an Annapolis firm known for campaign strategy, messaging and media consulting services to Republicans. Mayer was Hogan's communications director for more than three years and then was deputy manager of the governor's reelection campaign. He helped Hogan become the first Rep...

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Source: Baltimore Business Journal - Baltimore, Maryland
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With nearly 30 percent of local market share, Bank of America remains the largest bank in Greater Baltimore, according to the Federal Deposit Insurance Corp.The Charlotte-based bank had $21.3 billion local deposits as of June 30 –– a 6 percent increase from last year.Buffalo-based M&T Bank is the second largest bank with 19.2 percent local market share and $13.9 billion local deposits.Bank of America's lead over M&T...

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Source: Baltimore Business Journal - Baltimore, Maryland
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If you’re considering selling your business, now is the time to give formal transition planning serious thought.

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Source: Baltimore Business Journal - Baltimore, Maryland
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Back in 2007, three words from a doctor changed the trajectory of my life: “You have ALS.”

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Source: Baltimore Business Journal - Baltimore, Maryland
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Amazon.com Inc. (NASDAQ: AMZN) will pay about $35 per square foot in rent for its initial leased space in Crystal City, about $2 below average asking rents in the Arlington County submarket, its future landlord disclosed Thursday.JBG Smith Properties (NYSE: JBGS) revealed the net effective rental rate and other financial details of the deal with Amazon in an investor presentation filed with the Securities and Exchange Commis...

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Source: Baltimore Business Journal - Baltimore, Maryland
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Under Armour Inc. still plans to open a flagship store on Fifth Avenue in New York but has significantly pushed back the timeline. CFO David Bergman said at the sportswear maker's investor day on Wednesday that Under Armour plans to take possession of the 53,000-square-foot space on the first floor of the General Motors building in the first half of 2020. He said Under Armour expects to open its store in the first half of 2021.The...

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Source: Baltimore Business Journal - Baltimore, Maryland
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Clark Construction has been awarded a contract potentially worth $315.5 million to build a new hangar in Prince George’s County for the new Air Force One.The project is expected to be completed by April 2022 and is needed because the current facility at Joint Base Andrews isn’t big enough to accommodate the modified Boeing 747-8 commercial airliner, which must operate as a flying White House. That includes 4,000 square feet...

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Source: Baltimore Business Journal - Baltimore, Maryland
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A 73-page report issued by the Maryland Stadium Authority says the project could begin in 2021.

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Source: Baltimore Business Journal - Baltimore, Maryland
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Baltimore is one of the five metropolitan areas that demonstrated the highest demand for doctors in 2018.

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Source: Baltimore Business Journal - Baltimore, Maryland
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