SaaS Ventures launches 2nd fund after $20M 1st-round close

SaaS Ventures, a Bethesda-based venture capital firm focused on investing in early stage enterprise technology companies in secondary markets throughout the U.S. and Canada, Tuesday announced the launch of a second fund. The fund held an initial closing this month with $20 million of commitments and anticipates holding a final closing in early 2021. (Daily Record)

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Lobo will end carryout, dining services after six years in Fells Point

Lobo, a Fells Point bar and restaurant that presented an elevated take on the classic corner bar, will end carryout and dining services after six years in business. The bar shared the news on social media Tuesday. "We have so loved being a part of your lives," owners Jamie and Pamela Hubbard wrote. "We do not know what the future holds, but we hope that we will remain a part of your lives in one way or another." (Balt Bus Journal)

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Covid-19 has emptied out Baltimore’s downtown. What happens next?

On a recent Thursday at Pratt and Light streets, the hustle and bustle of the weekly farmer's market was gone.The energy of a midday summertime break was on hiatus — as was any form of life at the space outside the Transamerica tower. Parking garages in the central business district remained mostly vacant, mirroring the emptiness in the surrounding office buildings.Even the food trucks had hit the exit ramp. (Balt.Bus.Journal)

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Under Armour plans to keep its stores closed on Thanksgiving

Under Armour has joined a long list of retailers reversing a decade-long trend in which stores have opened on Thanksgiving to kick off Black Friday holiday shopping. The Baltimore-based sports apparel brand said Friday it will close all its UA Brand House and UA Factory House shops in the U.S. on Thanksgiving, Nov. 26. Under Armour’s stores will reopen on Friday, Nov. 27. As the pandemic has kept shoppers out of stores and sent them online in droves, retailers have begun to reverse course on what had been earlier and earlier store openings to capture holiday shoppers. (Balt. Sun)

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Capital Gazette Staff Protests Annapolis Newsroom Closure

Journalists from Annapolis, Maryland-based news outlet the Capital Gazette protested the closure of their newsroom, sending them to either work from home or in Baltimore, nearly 30 miles away. The closure of the newsroom comes about a month after the Capital Gazette’s parent company, Tribune Publishing, announced the closure of five newspaper offices across the U.S. (WTOP)

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Md. won’t rule out taking over $2.9B Purple Line project from contractor

State transportation officials say they are considering options that include taking over the Purple Line project should the current public-private partnership to build the $2.9 billion rail project fall apart. The Maryland Department of Transportation and Purple Line Transit Partners are scheduled to take their dispute over more than a half billion dollars in cost overruns. (Daily Record)

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Review finds 'no evidence of bias or undue influence’ in latest Maryland cannabis licensing round

An independent review of a much-delayed, controversy-riddled process to award another round of medical cannabis licenses in Maryland did not find any foul play at work in the application  review process, state cannabis regulators announced Thursday. The team of investigators, led by former Baltimore City State’s Attorney Gregg Bernstein and other attorneys at downtown law firm Zuckerman Spaeder LLP, “found no evidence of bias or undue influence in the 2019 license application review process,” they wrote in a report published by the Maryland Medical Cannabis Commission. (Balt Bus Journal)

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More Than 11.1K Marylanders Filed For Unemployment Last Week, Down Slightly

The state’s Department of Labor reported Thursday that 11,115 Marylanders filed for unemployment insurance last week. That number is down slightly from the previous week. During the week ending on August 21, 11,875 Marylanders applied for unemployment. Maryland’s unemployment rate fell to 7.6 percent in July, preliminary data released by the U.S. Department of Labor showed. (WJZ)

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