Federal consumer spending data released this week by the Bureau of Labor Statistics show Baltimore-area residents spent an average of $154 annually on books, newspapers, magazines and other pleasure reading — about 45 percent more than the $106 national average. That's just a tiny fraction of area expenditures, but it's consistent with the profile of the wealthy, middle-aged average consumer revealed in the BLS data. And it's one sign of the ways the Baltimore region is different.
State officials looking to tap anticipated growth in the East Coast shipping industry are back at the drawing board after abandoning a freight rail project that has been central to their strategy for half a decade.
Johns Hopkins Hospital reached a "tentative agreement" early Tuesday morning on a new contract with the labor union that represents 2,000 of its service workers, ending months of contentious wage negotiations that included a three-day strike in April.
Silicon Valley software giant Oracle Corp. announced a deal Monday to buy Micros Systems for $5.3 billion, eyeing the Columbia firm for its niche supplying technology to hotels, restaurants and retailers around the world.
Officials and community members said they want to find "big, game-changing ideas" that can make the monies – estimated to be at least $15 million annually – an engine for economic development in the communities impacted by the new gambling facility.
University of Maryland, College Park President Wallace Loh has made it his top priority to remake the college into a hub of innovation and entrepreneurship, pushing the strategy not just in the business school but in almost every corner.
The effort to lure the FBI to Maryland could have a profound payoff for the state's economy but the benefits could take years to materialize and the impact would hinge on how local officials handle the project, several of the state's top economists say.
Announcing their first-ever joint agenda, the Democratic leaders of the General Assembly said Friday they will work together to pass legislation aimed at improving Maryland's business climate and boosting the state's economy.
WASHINGTON -- The 16-day shutdown of the federal government last month resulted in $2 billion in lost productivity and, at its peak, left 40 percent of the federal workforce furloughed, according to a report released by the Obama administration Thursday.
Congress Wednesday night approved a bipartisan deal to reopen the government and extend the nation's $16.7 trillion debt ceiling into early next year, a measure that will send tens of thousands of federal employees in Maryland back to work.
Forecasts of sunny skies are combining with falling gas prices and an apparent "pent-up demand" for a getaway to put Maryland on a course for its busiest Labor Day weekend for travel since the end of the recession.