Hopkins gets $10 million federal grant to continue efforts to control, end malaria

Johns Hopkins Malaria Research Institute will continue its efforts to control and eliminate malaria in Africa with a seven-year, $10 million federal grant. The funding from the National Institute of Allergy and Infectious Diseases follows a previous seven-year grants that was used by researchers from Hopkins in Zambia, Zimbabwe, Democratic Republic of the Congo and South Africa. The new funds will allow expansion in central Africa. The effort helped to reduce the cases of the disease and the death rate, though malaria remains a significant killer globally. The World Health Organization reports that there were 212 million people who suffered from malaria in 2015 and 429,000 who died. (Balt. Sun)

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Baltimore medical device startup raises $3 million

Sonavex, a medical device company in Baltimore, has raised $3 million to push the firm through the regulatory approval process for its device to detect blood clots. The round was led by Grey Sky Venture Partners with investments from CRCM Venture Capital, TEDCO, the Abell Foundation and individual private investors. The round includes $2.2 million in equity and a Small Business Innovation Research grant from the National Science Foundation worth $750,000. In response to strong interest from investors, the company plans to raise an additional $1.3 million. (Balt. Sun)

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McCormick & Co. lists existing headquarter buildings in Baltimore County

McCormick & Co. Inc. has placed its two corporate complexes totaling 60 acres in Hunt Valley on the market. The move came Monday as the spice giant continues a push to consolidate its workforce and move into larger, new office space in 2019. It will make available a total of 273,742 square feet of office space along the busy Interstate 83 North corridor in Baltimore County, home to other corporate offices like Bank of America, PayPal and Tessco Technologies. CBRE Vice President Kevin Wille, who is marketing the properties, declined to reveal a listing price Monday. McCormick owns both buildings. (Balt. Bus. Journal)

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City Paper names new editor

The City Paper has promoted Brandon Soderberg to editor of the free alternative publication, part of the Baltimore Sun Media Group. Soderberg, who had been deputy editor and arts editor, will oversee the print and online editions, the company said Monday. He has been writing for City Paper since 2007. Before taking on the deputy editor role in 2015, Soderberg had served as music, film and special issues editor. He was a contributing writer to SPIN Magazine prior to that and also had written for The Independent Weekly, the Museum of Moving Image, Vice, the Village Voice and Washington City Paper. (Balt. Sun)

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Visit Baltimore to offer apprenticeship program this summer

Visit Baltimore is hoping to help secure the future of tourism in the city and surrounding area by being part of a new diversity apprenticeship program this summer. Baltimore's tourism and marketing agency was selected as one of seven cities to host the apprenticeship program this year by Destination Marketing Association International. DMAI works with several tourism and marketing organization around the country to offer resources, information and networking opportunities. (Balt. Bus. Journal)

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April 24 // TEDCO launches $1M fund to help Maryland startups bridge the 'funding gap'

The Maryland Technology Development Corp. is launching a $1 million fund to help technology startup firms cover the gap between seed funding and venture capital investments. The Gap Investment Fund program was included in Gov. Larry Hogan's fiscal year 2018 budget. State-backed TEDCO will provide up to $500,000 in gap funding to Maryland startups to help with hiring, expanding technology, scaling a product and increasing market reach. (Balt. Bus. Journal)

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Sinclair acquiring New York-based television broadcaster for $240 million

Sinclair Broadcast Group Inc. announced Friday it will acquire Bonten Media Group Holdings Inc. in a $240 million all-cash deal. Already the largest owner and operator of television stations in the U.S., Hunt Valley-based Sinclair will add another 14 stations in eight markets reaching approximately 1 percent of households. The deal, expected to close in the third quarter, comes a day after the Federal Communications Commission loosened a regulation affecting how the agency calculates the audiences reached by broadcasters. (Balt. Bus. Journal)

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Maryland lost 7,200 jobs in March, even as workforce grew

After three months of significant job gains, Maryland lost 7,200 jobs in March even as more people joined the workforce, according to the latest federal jobs report. While the growing pool of people working or looking for work indicates rising confidence in the economy, economists said, the new estimates released Friday by the U.S. Labor Department show that hiring isn't quite so strong. The state's unemployment rate in March nudged up a tenth of a percent to 4.3 percent, still below the national rate of 4.5 percent. (Balt. Sun)

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