Anne Arundel Medical Center gets state OK to build new psychiatric hospital

Anne Arundel Medical Center will move forward with plans to build a new $25 million, 56,000-square-foot psychiatric hospital, following an in-favor vote from the Maryland Health Care Commission Thursday. Anne Arundel Medical Center filed a certificate of need with the commission in March 2016, seeking approval for its plans to construct a 16-bed medical center to provide mental health treatment. The plan calls for a four-story freestanding facility on Riva Road in Annapolis, next to hospital's Pathways substance abuse treatment facility. The project is expected to take about two years to complete. (Balt. Bus. Journal)

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JPMorgan Chase to open branches, invest in Baltimore-Washington area

The banking giant JPMorgan Chase & Co. plans to expand into the Maryland-Washington, D.C.-Virginia area first as it invests $20 billion in up to 20 new markets in the next five years, bank officials announced Thursday. The New York-based bank, the largest in the nation, plans to open 70 new Chase Bank branches and hire up to 700 new employees in the region, including in Baltimore. About 20 percent of the branches will be in low-to-moderate-income communities in Baltimore and Prince George’s County in Maryland and in Washington. (Balt. Sun)

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Lockheed Martin lands $1 billion deal for hypersonic missile

Lockheed Martin landed a nearly $1 billion deal with the U.S. Air Force to develop a hypersonic cruise missile that can travel five times the speed of sound — that’s more than 3,800 mph — fending off competing bids by defense giants Northrop Grumman, Boeing and Raytheon. The $928 million deal will be led by the company’s Huntsville, Ala.-based space division. (Balt. Sun)

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Cordish Cos. to team up with Jacksonville Jaguars on stadium neighborhood

Prominent Baltimore development firm The Cordish Companies has been tapped to help develop a planned $2.5 billion mixed-use district around the NFL stadium in Jacksonville, Fla. The Jacksonville Jaguars announced Thursday that Cordish will partner with the team and Iguana Investments, a company controlled by Shad Khan, owner of the Jaguars, to build what is being touted as a “new neighborhood” on parking lots between the stadium and the St. Johns River. (Balt. Sun)

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The Rock is the 'ultimate motivator' in Under Armour's new marketing blitz

Under Armour Inc. unveiled a new marketing campaign featuring Dwayne "The Rock" Johnson and a host of other athletes Thursday as the sportswear maker launched its spring and summer collection of training gear. The "Will Finds a Way" campaign features videos showing how Johnson and eight other athletes overcame challenges to achieve success. Baltimore-based Under Armour (NYSE: UAA) is using the campaign to promote new training apparel, including shoes, shorts, shirts and jackets. A spokeswoman said the campaign is Under Armour's largest to date, but declined to disclose how much the company is spending. (Balt. Bus. Journal)

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Tourism company pledges $300k to move National Aquarium dolphins to sanctuary

The tour operator Virgin Holidays is pledging $300,000 to help move seven dolphins from the National Aquarium in Baltimore to a seaside sanctuary. The aquarium is still deciding where to retire its dolphins, though a statement Wednesday from Virgin Holidays says the site selection is focused on Florida. Virgin Holidays Managing Director Joe Thompson says the U.K.-based tour company is focused on developing "alternative forms of tourism" that highlight marine mammal welfare instead of theatrical shows. (Balt. Sun)

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April 19 // Maryland ranks No. 1 in U.S. for minority and women businesses ownership, study finds

Maryland has the highest rate of per-capita minority and women business ownership in the United States, a recent study shows. The state has nearly 42 minority owners for every 100,000 residents, according to a survey by Paychex, a payroll, human resources and insurance services company. It also has 17.5 women-owned businesses per 100,000 residents. “Despite facing higher taxes and even a higher cost of living, small business opportunities in Maryland are often boosted by the state’s proximity to Washington, D.C., and the availability of government contracts,” the report said. (Balt. Sun)

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Former Anne Arundel hearing officer says he was fired for granting variances to marijuana dispensaries

The former Anne Arundel County administrative hearing officer said he was fired by County Executive Steve Schuh after the critic of the state medical marijuana laws tried to influence his decisions on variances for dispensaries. In an interview Tuesday with The Capital, Doug Hollmann made his first public comments since what he described as getting fired for granting zoning variances to medical marijuana dispensaries seeking a location in the county. (Capital)

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