The National Institutes of Health awarded a $2 million Small Business Innovation Research grant to Woodbury-based Clear Guide Medical. The startup plans to work with Children’s National Medical Center in D.C. on continued development of its SCENERGY device that assists in needle placement. Read more at Technical.ly Baltimore.
Maryland saw $148.9 million in casino revenue in June versus $103.5 million the same time last year. That’s also a 14.1 percent increase from May with all six of the state’s casinos reporting an increase. Read more at the Baltimore Business Journal.
RESIDENTIAL REAL ESTATE
With developments in Crystal City, Ballston, Clarendon, Rosslyn, Pentagon City and Virginia Square, the County of Arlington expects to add 24,000 new homes to its ranks by the year 2040. According to the Arlington Profile 2018, researchers project that will equate to 22,700 additional residents and an extra 37,000 new jobs. Read more at Washington’s Top News.
Datawatch Systems announced it will relocate its Montgomery County headquarters to a 25,000-square-foot space on East West Highway in Bethesda. The provider of commercial office security plans to add 50 new jobs over the next four years. Read more at MD Biz News.
COST OF LIVING
A new study from MagnifyMoney ranks the best and worst cities in the country to live on a six-figure salary and Baltimore comes in as the 11th worst on the list. The price comparison and financial education website used a hypothetical couple with one child that earns a combined gross income of $100,000, then estimated monthly expenses and taxes to calculate the family’s disposable income in 100 metro areas. Read more at Philly Mag.
COMMERCIAL REAL ESTATE
CoreSite Realty received approval from the Fairfax County Planning Commission for its proposal to create a 22-acre data center campus on Reston’s Sunrise Technology Park, which it purchased for $50 million in 2016. The developer plans to construct up to 934,00 square feet of data center space over four phases. Read more at BisNow.
Researchers from UK-based Wayve have successfully taught an autonomous car how to stay in its a lane over a period of 15-20 minutes using a “reinforcement learning” algorithm along with a human safety driver. Read more at CNET.
Miami-based MyPark raised $2.1 million in seed financing in April, which it will use to support expansion of its app that allows users to reserve a parking space at their local mall. Shoppers can book spaces on demand for a few dollars an hour. Read more at Philly Voice.