May 21, 2024
Finance

David Trone’s loans to own campaign top $54M – Baltimore Sun

Maryland Democrat and U.S. Rep. David Trone has lent more than $54 million to his U.S. Senate primary campaign against Prince George’s County Executive Angela Alsobrooks, according to new Federal Election Commission reports. Trone, the co-founder of the Total Wine & More retail chain who represents Frederick County and Western Maryland, has lent his campaign

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Loans

SBA offering loans for businesses affected by Francis Scott Key Bridge collapse

Small Business Administration offering loans for businesses impacted by Francis Scott Key Bridge collapse Updated: 9:44 PM EDT Mar 30, 2024 On Saturday, the Small Business Administration (SBA) Administrator Isabel Casillas Guzman announced that Mid-Atlantic small businesses that were affected by the Francis Scott Key Bridge collapse may apply for low-interest, long-term Economic Injury Disaster

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Investors

Rating agencies and investors weigh Baltimore bridge collapse

Investors and credit rating agencies are weighing how much effect the collapse of the Francis Scott Key bridge in Baltimore’s inner harbor will have on the local economy and logistics on the East Coast, though early indications suggest no drastic credit impact. Early Tuesday morning the Singapore-flagged container vessel Dali lost power and crashed into a

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Funds

FBI headquarters funding draws sharp backlash from conservatives

Hard-line conservatives are fuming over a bipartisan government funding deal that includes dollars for construction of a new headquarters for the Federal Bureau of Investigation.  The proposal was inside the sweeping $1.2 trillion government funding package congressional leaders rolled out on early Thursday, as Congress works to avert a shutdown this weekend.  The bill would put $200

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Finance

Veteran public finance lawyer Melissa Messina rejoins Miles & Stockbridge

Melissa Messina, a veteran public finance lawyer, has rejoined Miles & Stockbridge as a principal in its Baltimore, Maryland, office. She will focus on senior living and life-plan communities. Messina previously worked as a financial advisor and investment banker at HJ Sims, counseling nonprofit life plan communities, assisted living and skilled nursing facilities. She advised

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Funds

Albany man admits nearly $1M in federal funds theft

JamesBrey, Contributor / Getty Images In 2022, the Inflation Reduction Act authorized the U.S. Agriculture Department’s Farm Service Agency to assist certain distressed borrowers who had fallen behind on repaying their federally guaranteed farm loans. Asjid Parvez, 37, was one such borrower, having defaulted on a loan that he had used to purchase a Maryland chicken

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