JPMorgan Chase & Co. will donate $6 million to five of the region’s larger school districts to help expand the pipeline of students studying technology-related fields and connect them with higher-paying jobs. The fresh money is part of the company’s “New Skills for Youth” program and will support the development of new educational initiatives … Read more at the Baltimore Business Journal.
Cybersecurity Company G2 Acquired by Huntington Ingalls
Maryland cybersecurity company G2, Inc. was acquired by shipbuilding company Huntington Ingalls Industries, according to the companies. G2, based in Annapolis Junction, will join the technical solutions division of Huntington Ingalls. While known for building ships, the Newport News, Va.–based company also has a 5,000-employee professional services business that it is seeking to expand. … Read more at Technical.ly Baltimore.
Council Votes to Tax Out-of-State Online Retail Sales
On Tuesday, the D.C. Council voted 8–4 to collect sales taxes from the vast majority of out-of-state online retailers, starting on Jan. 1. The move is expected to produce millions of dollars in new tax revenue a year. The lion’s share of that revenue will go toward lowering the tax rate for commercial properties assessed at over $10 million. … Read more at Curbed Washington DC.
Meridian Partners with WeWork to Acquire D.C. Office Building for $136.5 Million
The Meridian Group, through a joint venture with affiliates of WeWork Property Advisors, acquired 1333 New Hampshire Ave. NW in Dupont Circle from Boston Properties for $136.5 million. The 350,000-square-foot building is 84 percent leased by law firm Akin Gump Strauss Hauer & Feld, which is relocating to a new headquarters after 25 years at the current address. … Read more at WTOP.