Maryland Owns It: A Racetrack Buyback, a Manufacturing Retool, and $2.8 Billion Riding on White Oak

Maryland writes some big checks this week: the state completes its buyback of full ownership of the Preakness Stakes, Montgomery County approves its first-ever tax increment financing deal for a $2.8 billion life sciences neighborhood next to the FDA, and a 60-year-old Southern Maryland manufacturer reinvests in its own factory floor. Also on deck: Montgomery County's July investment numbers, led by a Rockville gene therapy company's Nasdaq offering.Sources:Victor Stanley Expands Manufacturing Presence in Maryland | Maryland Department of Commerce | https://business.maryland.gov/news/victor-stanley-expands-manufacturing-presence-in-maryland/Governor Moore Announces Maryland Fully Owns Preakness Intellectual Property Rights | Office of Governor Wes Moore | https://governor.maryland.gov/news/press-releases/governor-moore-announces-maryland-fully-owns-preakness-intellectual-property-rightsMontgomery County Companies Raise Over $90 Million in Investment in July | Montgomery County Economic Development Corporation (ThinkMoco) | https://thinkmoco.com/success-stories/montgomery-county-companies-raise-over-90-million-in-investment-in-july/Montgomery County Council Approves Tax Increment Financing Bonds for Viva White Oak Development | Montgomery County Economic Development Corporation (ThinkMoco) | https://thinkmoco.com/success-stories/the-montgomery-county-council-approves-tax-increment-financing-bonds-for-viva-white-oak-development/Sponsored by Maryland Smart Energy — smarter buildings, smaller bills. Utility-funded energy programs for Maryland businesses, nothing out of pocket. https://mdsmartenergy.comProduced with AI. https://marylandmeans.business