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87-788: Wegmans Food Markets, Inc. is a privately held American supermarket chain. It is now headquartered in Gates, New York , but was founded on January 30, 1916, in Rochester, New York . As of late 2022, Wegmans had 109 stores in eight states ( New York , Pennsylvania , New Jersey , Maryland , Massachusetts , Virginia , North Carolina , Delaware ) and the District of Columbia . The company said that year it planned soon to add seven new stores, including in Connecticut . Wegmans has appeared on Fortune ' s annual " 100 Best Companies to Work For " list since

174-499: A Roman Catholic family and have been active in donating to Roman Catholic causes. Robert B. Wegman and Peggy Wegman have donated millions of dollars to Roman Catholic schools in the Diocese of Rochester . The National Catholic Register has praised Wegmans for being one example of "a cadre of privately held companies that have put into practice the Catholic social vision " that human dignity

261-551: A flash mob robbery of nearly forty people. The incident garnered widespread attention in the United States and internationally. Holy Cross Health opened a 237,000-square-foot (22,000 m ) hospital on the campus of Montgomery College in October 2014, becoming the first hospital in the U.S. to be built on a community college campus. The opening of the new 93-bed hospital strengthened the college's medical program by giving students

348-583: A 5,200 seat soccer stadium with lighting and press box, eight indoor convertible basketball/volleyball courts. Two miniature golf courses, a splash park, a driving range, an archery course, community garden, model boat pond, two BMX courses, tennis center, and a swim center are also located within the confines of the complex. The soccerplex was the home of the Washington Spirit of the National Women's Soccer League from 2013 to 2019. On October 14, 2002,

435-500: A corporate research-and-development facility, including a new central kitchen, replacing some of the operations at its meat center. The liquor store opened in April 2008 as Century Pittsford Wines. The store is 45,000 sq ft (4,200 m). This business model has been replicated at three other New York Wegmans locations: in Buffalo, DeWitt, and Johnson City. Ownership of each liquor store

522-481: A full-service restaurant at its Pittsford, New York , store. Tastings was replaced by The Food Bar, a "seafood shack"-styled restaurant in the same space; and later by The Burger Bar, serving hamburgers. Along with the Burger Bar, Wegmans offers many other food options. This includes a Sub Shop, Sushi Bar, Pizza Shop, and a Salad Bar – all of which offer quick, prepackaged items for one's convenience. Next Door by Wegmans,

609-629: A household in Germantown was $ 76,061 as of a 2010 estimate by the website, City-Data . 6.5% of the population and 3.5% of families were below the poverty line. Out of the total people living in poverty, 5.9% are under the age of 18 and 9.9% are 65 or older. In 2023, WalletHub honored Germantown as the most ethnically diverse city in the United States. Since development began in the late 20th century, Germantown has experienced economies of agglomeration , with many high-tech companies opening headquarters and other offices in Germantown and other areas along

696-404: A larger one-room schoolhouse was built closer to Clopper Road. Another, newer school was constructed in 1910, on what is now the site of Germantown Elementary School. This school had four rooms, with two downstairs and two upstairs, with each room housing two grade levels. After the eighth grade, the students would head via train to nearby Rockville, for further education. The wooden structure of

783-1422: A nuclear strike on the city. The facility now operates as an administration complex for the U.S. Department of Energy . All the public schools in Germantown are part of the Montgomery County Public Schools (MCPS) system. The elementary schools in Germantown are Cedar Grove Elementary School, Clopper Mill Elementary School, Fox Chapel Elementary School, Germantown Elementary School, Great Seneca Creek Elementary School, Captain James E. Daly Jr. Elementary School, Lake Seneca Elementary School, Ronald McNair Elementary School, Sally K. Ride Elementary School, Spark Matsunaga Elementary School, S. Christa McAuliffe Elementary School, Waters Landing Elementary School, and William B. Gibbs Jr. Elementary School. The four middle schools are Kingsview Middle School , Dr. Martin Luther King Jr. Middle School, Neelsville Middle School, and Roberto W. Clemente Middle School, which feed into three high schools: Northwest High School , Clarksburg High School and Seneca Valley High School . Students from Kingsview move on to Northwest, students from Neelsville move on to Clarksburg while those from Dr. Martin Luther King Jr. and Roberto W. Clemente Middle Schools move on to Seneca Valley High School. Additionally,

870-617: A part of the company's continued expansion efforts, Wegmans opened its fifth Maryland location in Columbia on June 17, 2012. Its sixth Maryland location opened in Crofton on October 28, 2012, followed by a Germantown location on September 15, 2013. Wegmans opened a store at the Montgomery Mall in North Wales, Pennsylvania , on November 3, 2013, the first store to be part of a shopping mall since

957-546: A population of 91,249 as of the 2020 census, it is the third-most populous community in Maryland, after Columbia and Baltimore . Germantown is located approximately 28 miles (45 km) outside the U.S. capital of Washington, D.C. , and is an important part of the Washington metropolitan area . Germantown was founded in the early 19th century by European immigrants, though much of the area's development did not take place until

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1044-555: A stand-alone restaurant operated by Wegmans, opened across the street from the Pittsford store in 2009. In January 2007, Wegmans announced two business ventures: (1) opening a 19,000 sq ft (1,800 m) liquor store in Pittsford (adding to its two existing wine centers, in Virginia and New Jersey); and (2) the creation of a $ 28 million Culinary Innovation Center in Chili, New York ,

1131-678: A town or a city. It has no mayor or city council and is thus governed by Montgomery County . It is now represented by Democrat Marilyn Balcombe in the Montgomery County Council, after being represented by Craig L. Rice from 2010 through 2022. Germantown is part of two districts for the Maryland General Assembly , 15 (ZIP code 20874), and 39 (ZIP code 20876). For the US Congress, it is part of Maryland's 6th district . The U.S. Department of Energy has its headquarters for

1218-975: A two- to five-hour delivery window. In April 2020, in response to the COVID-19 outbreak, Wegmans began limiting the number of people in its stores, provided its employees with masks, and installed plexiglass shields at all checkout areas. In 1979, Wegmans began offering their own house brand of some products, offering basic commodities at a lower price than national brands. Products such as toilet paper, paper towels, detergent, pasta, and many other popular food products. These Wegmans brand products are typically those that get discounted under their rewards program. The "Shoppers Club" program frequently discounts Wegmans brand products to prices that are lower than their name-brand counterparts. The Wegmans brand has gradually expanded. In 1992, it began another line of products, "Food You Feel Good About", which contain no artificial colors, flavors, or preservatives. The next sub-brand to be launched

1305-572: Is also the oldest store still in operation without a façade update, having opened in 1958. Wegmans is a privately owned company, founded in 1916 by brothers John and Walter Wegman as the Rochester Fruit and Vegetable Company . Originally starting as a produce cart, the first store opened in 1917 at 72 West Main St. in Rochester, New York. Wegmans is headquartered in the Rochester suburb of Gates . Danny Wegman

1392-646: Is held by a different member of the Wegman family, due to New York State regulations prohibiting individuals or corporations from owning multiple liquor stores. After Wegmans updated its logo to a script font, in November 2010, Walgreens filed a trademark infringement lawsuit against Wegmans, claiming the "W" in the Wegmans logo was too similar to that of Walgreens. The lawsuit was settled in April 2011, with Wegmans agreeing to discontinue use of its "W" logo by June 2012, although

1479-541: Is located in the historic Germantown Bank (1922) at 19330 Mateny Hill Road, across from the MARC railroad station. The GHS offers lectures on local history and has traveling exhibits about Germantown. It also sells the books, Liberty Mill T-shirts, and other souvenirs. The main fundraiser for the organization is the Germantown Community Flea Market, held on the first Saturday of the month April through November in

1566-684: Is of greater importance than private profit, claiming that the Wegmans business philosophy "came from the lesson the Sisters of Mercy taught [Robert B. Wegman] as a boy in Catholic elementary school". John H. Garvey , former President of the Catholic University of America , delivered a speech about the Catholic origins of Wegmans at the Religious Freedom & Business Foundation's 2022 gala. Wegmans eliminated plastic bags from all of its locations by

1653-564: Is often found in former Eastern Bloc countries to differentiate from former state-owned enterprises , but it may be used anywhere in contrast to a state-owned or a collectively owned company. In the United States , a privately held company refers to a business entity owned by private stakeholders, investors, or company founders, and its shares are not available for public purchase on stock exchanges. That contrasts with public companies, whose shares are publicly traded, which allows investing by

1740-556: Is referred to as privatization . A privately owned enterprise is one form that private property may take. In the United Kingdom, a close or closely held company is defined as a company which is controlled by either five or fewer shareholders or is controlled by shareholders who are also directors. Germantown, Maryland Germantown is an urbanized census-designated place in Montgomery County, Maryland . With

1827-501: Is the chairman. His daughter, Colleen Wegman, has been president and CEO since 2017; his other daughter, Nicole Wegman, is senior vice president. Danny's father, Robert Wegman , who died in 2006, was the previous chairman, and was the son of co-founder Walter Wegman. During his life, Robert Wegman was a pioneer in the retail food business, as well as a generous donor to educational institutions and other charities. On January 30, 2016, Wegmans celebrated its 100th anniversary. The Wegmans are

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1914-425: Is the coldest month, with an average temperature of 29 °F (−1.7 °C). Average annual rainfall totals 40.36 in (103 cm). As of 2013 estimates by the U.S. Census Bureau, Germantown had a population of 90,676. As of the census of 2010, there were 86,395 people, and 30,531 households residing in the area. The population density was 8,019 inhabitants per square mile (3,096/km ). The racial makeup of

2001-644: The Corporations Act 2001 requires publicly traded companies to file certain documents relating to their annual general meeting with the Australian Securities and Investments Commission (ASIC). There is a similar requirement for large proprietary companies, which are required to lodge Form 388H to the ASIC containing their financial report. In the United States, private companies are held to different accounting auditing standards than public companies, overseen by

2088-728: The American Lung Association of New York State, which presented Wegmans with the Lung Champion Award. As of June 2024, Wegmans had 111 stores in operation throughout the east coast of the United States. There are four regions within Wegmans Food Markets, Inc. Wegmans is ranked 29th on the Supermarket News list of the Top 75 North American Food Retailers based on sales volume. In 2009, Stores Magazine showed it to be

2175-574: The Capital Beltway . I-270 has three exits in Germantown. Germantown also has a station on the MARC train 's Brunswick Line , which operates over CSX 's Metropolitan Subdivision . The station building itself, at the corner of Liberty Mill Road and Mateny Hill Road, is a copy of the original 1891 structure designed by E. Francis Baldwin for the Baltimore and Ohio Railroad . The modern station building

2262-470: The Corporations Act 2001 limits a privately held company to 50 non-employee shareholders. A privately owned enterprise is a commercial enterprise owned by private investors, shareholders or owners (usually collectively , but they can be owned by a single individual ), and is in contrast to state institutions, such as publicly owned enterprises and government agencies . Private enterprises comprise

2349-579: The D.C. snipers briefly stopped at Milestone Shopping center in Germantown. In 2003, one of Germantown's trailer parks, the Cider Barrel Mobile Home Park, closed after decades of operation, having been in business since at least the 1970s. Despite this closure, the Barrel building itself was preserved, with a cluster of garden apartments erected near it. On August 14, 2011, a 7-Eleven convenience store in downtown Germantown fell victim to

2436-524: The Fall Line in the Piedmont region gives it slightly lower temperatures than cities to the south and east such as Washington, D.C. , and Silver Spring . Summers are hot and humid with frequent afternoon thunderstorms . July is the warmest month, with an average temperature of 86 °F (30.0 °C). Winters are cool but variable, with sporadic snowfall and lighter rain showers of longer duration. January

2523-540: The Union Army . In contrast, other residents of Germantown owned slaves, and even those who were not slave-owners had sons fighting for the Confederate Army . As a result, many people in Germantown, who had been on friendly terms with each other, made an effort not to interact with each other, such as switching churches, or frequenting a store or mill miles away from the ones they would normally do business with. Late in

2610-539: The Washington Metro 's Red Line is also available. Germantown has the assigned ZIP codes of 20874 and 20876 for delivery and 20875 for post office boxes . It is the only "Germantown, Maryland" recognized by the United States Postal Service , though three other Maryland counties have unincorporated communities with the same name. In the 1830s and 1840s, the central business area was focused around

2697-540: The Washington Spirit of the National Women's Soccer League . The Germantown Swim Center is also located within the SoccerPlex. The swim center has hosted many major swimming events including Metros and the 2022 Landmark Conference Swimming & Diving Championship. The Germantown Historical Society (GHS) was formed in 1990 as a non-profit organization with a mission to educate the public about local history and preserve local historic sites. The GHS office and future museum

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2784-583: The private company limited by shares in the United Kingdom (abbreviated Ltd ) or unlimited company and the proprietary limited company (abbreviated Pty Ltd ) or unlimited proprietary company (abbreviated Pty ) in South Africa and Australia . In India , private companies are registered by the Registrar of Companies , which is under the Ministry of Corporate Affairs . Indian private companies must contain

2871-408: The private sector of an economy. An economic system that 1) contains a large private sector where privately run businesses are the backbone of the economy, and 2) a business surplus is controlled by the owners, is referred to as capitalism . This contrasts with socialism , where the industry is owned by the state or by all of the community in common. The act of taking assets into the private sector

2958-559: The 1970s, Wernher von Braun , a German rocket scientist during World War II , worked for the aerospace company Fairchild Industries , which had offices in Germantown, as its vice president for Engineering and Development. Von Braun worked at Fairchild Industries from July 1, 1972, until his death on June 16, 1977. The A-10 Thunderbolt and the landing gear of the Space Shuttle were both designed at these offices. The Germantown Campus of Montgomery College opened on October 21, 1978. At

3045-485: The 74th-largest retailer in the United States with estimated revenues of $ 4.67 billion. As of 2006, it was the 66th largest privately-held company, as determined by Forbes . On Forbes's 2005 list, Wegmans ranked 54th. Most of Wegmans' newer stores are of the superstore or megamarket type, with a large area, a variety of foods aimed at an upscale clientele , and, in many stores, Market Café in-store dining areas. From 2002 to 2009, Wegmans owned and operated Tastings,

3132-547: The Arts also sponsors the Germantown Oktoberfest, an annual festival held every year in the fall, which includes various genres of music, including traditional German folk , rock and pop. The Harmony Express Men's Chorus is a 4-part a cappella men's chorus based in Germantown. The band Clutch is also from Germantown. Members of the group attended Seneca Valley High School together, with several members graduating with

3219-637: The Barrel in the spring of that year after it was closed for nearly two decades. However, due to the COVID-19 pandemic it had been delayed indefinitely. According to the United States Census Bureau , the community has a total area of 10.9 sq mi (28.0 km ), of which all but 0.039 sq mi (0.1 km ) (0.46%) is land. Germantown lies within the humid subtropical climate zone ( Köppen Cfa ), with hot, humid summers, cool winters, and generous precipitation year-round. Its location above

3306-537: The Bowman Brothers Mill fell victim to a fire in 1914. Four years later, the owners were back in business again, selling the mill to the Liberty Milling Company, a brand new corporation. Augustus Selby was the first owner and manager of the new Liberty Mill, which opened in 1918. Electricity was brought into Liberty Mill and also served the homes and businesses nearby, making Germantown the first area in

3393-534: The Class of 1989. Two years later, in 1991, the band was formed. The Maryland SoccerPlex sports complex is located in Germantown. Maureen Hendrick's Field at Championship Stadium hosts many amateur, collegiate, and regional soccer and lacrosse tournaments. The Montgomery County Road Runners Club annually hosts the Riley's Rumble Half Marathon & 8K that starts and finishes in the SoccerPlex. The SoccerPlex formerly hosted

3480-643: The Germantown Public Library for several years until it moved to a new, 19 million dollar complex in 2007. On September 29, 2013, it was renamed as the Sidney Kramer Upcounty Regional Services Center after Sidney Kramer, Montgomery County executive from 1986 to 1990. In October 2000, the Maryland SoccerPlex opened in Germantown. The sports complex includes nineteen natural grass fields, three artificial fields,

3567-577: The I-270 corridor. Qiagen North America, Earth Network Systems Inc., Digital Receiver Technology Inc., Mid-Atlantic Federal Credit Union, and Hughes Network Systems all have their headquarters in Germantown. In addition to the companies headquartered in Germantown, many have offices in the area, including Wabtec , Viasat , RADA USA, Mars Symbioscience, Xerox, General Electric Aviation, Earth Networks, WeatherBug , and Proxy Aviation Systems. Despite its size, Germantown has never been incorporated formally as

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3654-514: The International Development Corporation for about $ 1,300 per acre in 1955. Fairchild-Hiller Corporation bought the land for about $ 4,000 per acre in 1964, and it built an industrial park on the land four years later. Harry Unglesee and his family sold their farm near Hoyles Mill Road for less than $ 1,000 per acre in 1959. Other farmers soon sold their land to developers and speculators as well. The Germantown Master Plan

3741-524: The Liberty Mill went into disrepair. For over 25 years, the mill continued to deteriorate until it was destroyed by an arsonist on May 30, 1972. The cement silos were removed by the county in 1986 to make way for the MARC Germantown train station commuter parking lot. In January 1958, the U.S. Atomic Energy Commission was relocated from its location in downtown Washington, D.C. , to Germantown, which

3828-599: The Longview School, which provides special education services, is located in Germantown. Montgomery College , the largest higher education institution in Montgomery County, has its largest campus in Germantown. It is located on Observation Drive not far from the downtown area. The BlackRock Center for the Arts is located in the downtown Germantown, at the Germantown Town Center. The BlackRock Center for

3915-466: The MARC parking lot, Rt. 118 and Bowman Mill Drive, featuring more than 150 vendors. Germantown is served by a news and information website known as the Germantown Pulse . The Germantown Pulse covers a wide range of topics, including sports, schools, crime, music, and other events of note in the area. However, its main website ceased to update by August 2019. Germantown veterans are served by

4002-495: The Montgomery County Planning Board. The amended plan included a downtown area and six separate villages, each comprising smaller neighborhoods with schools, shopping areas, and public facilities. The amended plan also included the construction of a third campus for Montgomery College near the downtown area. The same year, the completion of a sewer line helped the development and growth of Germantown. During

4089-584: The Natick store closed. On April 15, 2024, Wegmans announced that they will open their first store in Charlotte, North Carolina , located in the Ballantyne neighborhood, in 2026. Wegmans was the parent company of Chase-Pitkin, a regional home improvement retailer. On October 4, 2005, Wegmans announced that it would close all Chase-Pitkin stores by early 2006 and focus on its supermarket operations. The decision to exit

4176-455: The Office of Biological and Environmental Research in Germantown. The U.S. Atomic Energy Commission was moved from its location in downtown Washington, D.C. , to the present-day U.S. Department of Energy building in Germantown because of fears of a Soviet nuclear attack on the U.S. capital. At the time, Germantown was believed to be far enough from Washington, D.C., to avoid the worst effects of

4263-662: The Private Company Counsel division of the Financial Accounting Standards Board . Researching private companies and private companies' financials in the United States can involve contacting the secretary of state for the U.S. state of incorporation (or for LLC or partnership, state of formation), or using specialized private company databases such as Dun & Bradstreet . Other companies, like Sageworks , provide aggregated data on privately held companies, segmented by industry code. By contrast, in

4350-453: The Union capital of Washington, D.C. Throughout the course of the war, Confederate raiders would often pass through the Germantown area. Local farmers in the Germantown area lost horses and other livestock to both Union and Confederate armies. In 1865, George Atzerodt , a co-conspirator in the assassination of U.S. President Abraham Lincoln , was captured in Germantown. Atzerodt had come to

4437-502: The United Kingdom, all incorporated companies are registered centrally with Companies House . Privately held companies also sometimes have restrictions on how many shareholders they may have. For example, the U.S. Securities Exchange Act of 1934 , section 12(g), limits a privately held company, generally, to fewer than 2000 shareholders, and the U.S. Investment Company Act of 1940 , requires registration of investment companies that have more than 100 holders. In Australia, section 113 of

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4524-598: The United States but not generally in the United Kingdom , the term is also extended to partnerships , sole proprietorships or business trusts . Each of those categories may have additional requirements and restrictions that may impact reporting requirements, income tax liabilities, governmental obligations, employee relations, marketing opportunities, and other business obligations and decisions. In many countries, there are forms of organization that are restricted to and are commonly used by private companies, for example,

4611-738: The Upcounty Regional Services Center, the Germantown Public Library, the Black Rock Arts Center, and pedestrian shopping that features an array of restaurants. Three exits to Interstate 270 [I-270] are less than one mile away, the Maryland Area Regional Commuter train is within walking distance, and the Germantown Transit Center that provides Ride On shuttle service to the Shady Grove station of

4698-456: The Vietnam Veterans Memorial, American Legion Post 295. American Legion Post 295 sponsors Cub Scout Pack 436, a Venturing Crew and is establishing a Sea Scout Ship. American Legion Boys State and American Legion Baseball have been longtime programs supported by the Post. Germantown is bisected by I-270 , one of Maryland's busiest highways. Northbound traffic heads toward Frederick and I-270 and southbound traffic heads toward Bethesda and

4785-561: The area was 36.3% white , 21.8% African American , 0.2% Native American , 19.7% Asian , 0.03% Pacific Islander , 0.3% from other races, and 3.3% from two or more races. Hispanic or Latino of any race were 18.4% of the population. There were 20,893 households, out of which 41.2% had children under the age of 18 living with them, 49.8% were married couples living together, 13.7% had a female householder with no husband present, and 32.4% were non-families. 23.5% of all households were made up of individuals, and 1.8% had someone living alone who

4872-508: The assassination. Atzerodt was tried, convicted and hanged on July 7, 1865, along with co-conspirators Mary Surratt , Lewis Powell , and David Herold at Washington, D.C. 's Fort McNair . Germantown did not have a public school until after the end of the American Civil War . During that time, education was handled at home. In 1868, a one-room schoolhouse was built on Maryland Route 118 , near Black Rock Road, which hosted children from both Germantown and neighboring Darnestown. In 1883,

4959-618: The chain's first location in that state, opened on October 26, 2022. The Reston, Virginia , location opened on February 1, 2023. Six other locations are in the works, including Holly Springs, North Carolina ; Norwalk, Connecticut , the chain's first location in that state; Rockville, Maryland ; Yardley, Pennsylvania ; Manhattan on Astor Place ; and Lake Grove, New York , the chain's first store on Long Island . Wegmans scrapped plans to build new stores in Annapolis, Maryland ; Middletown, New Jersey ; Arcola, Virginia ; and Cary, North Carolina . In July 2021, Wegmans announced it would launch

5046-1165: The closing of the Midtown Plaza store in Rochester. Wegmans, having long planned to expand into New England , opened its first store in that region in Northborough, Massachusetts , on October 16, 2011. 2014 saw Wegmans opening two more Massachusetts stores, in Newton , Chestnut Hill, on April 27, and in Burlington on October 26. Its fourth Massachusetts store opened in Westwood on October 11, 2015. The eighth Maryland store opened in Owings Mills, Maryland , in September 2016. In late 2016, Wegmans opened Virginia stores in Short Pump (August), Midlothian, and Charlottesville (November). The Hanover Township, New Jersey , location opened in July 2017. The Montvale, New Jersey , location opened in September 2017. The Medford, Massachusetts , location opened on November 5, 2017. The Natick, Massachusetts , location opened on April 29, 2018. The Chantilly, Virginia , location opened on June 3, 2018. The Lancaster, Pennsylvania , location opened on September 23, 2018. The Virginia Beach, Virginia location opened on April 28, 2019. The chain's first store in North Carolina , located in Raleigh , opened on September 29, 2019. It

5133-415: The company's first Manhattan store in 2023. The store opened on October 18, 2023, at 770 Broadway , the site of a former Kmart . In April 2022, Wegmans announced it would open its first Long Island location, located in Lake Grove. No opening date has been announced. On June 1, 2023, the Natick store (#132), which was located in the Natick Mall , was announced to be closed later that summer. On July 23, 2023,

5220-555: The end of 2022, with paper bags available for a charge of five cents per bag. In 1965, the chain expanded beyond the Rochester area, with a store in Hornell in the Southern Tier of New York State, then in 1968 in Syracuse, and again in 1977 with its first Buffalo store. The first store outside New York opened in 1993 in Erie , Pennsylvania , and the expansion continued with a store in New Jersey in 1999, Virginia in 2004, Maryland in 2005, Massachusetts in 2011, North Carolina in 2019, and Washington, D.C. and Delaware in 2022. As

5307-402: The form of townhouses and single-family dwellings, and an urbanized "town center" has been built. Germantown was the fastest growing zip code in the Washington metropolitan area and Maryland in 1986, and the 1980s saw a population growth of 323.3% for Germantown. In 2000, the Upcounty Regional Services Center opened in Germantown, and a 16,000 square feet section of the first floor was home to

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5394-558: The general public. In countries with public trading markets, a privately held business is generally taken to mean one whose ownership shares or interests are not publicly traded. Often, privately held companies are owned by the company founders or their families and heirs or by a small group of investors. Sometimes, employees also hold shares in private companies. Most small businesses are privately held. Subsidiaries and joint ventures of publicly traded companies (for example, General Motors ' Saturn Corporation ), unless shares in

5481-465: The home improvement business was reportedly due to the increasing dominance of national chains such as Lowe's and The Home Depot . Chase-Pitkin stores were closed individually at various times throughout March 2006. In January 2008, Wegmans announced that it would no longer sell tobacco products, due to tobacco's negative effects on human health and the environment, and would offer smoking cessation programs to all employees. The decision drew praise from

5568-489: The immediate erosion of customer and stakeholder confidence in the event of financial duress. Further, with limited reporting requirements and shareholder expectations, private firms are afforded a greater operational flexibility by being able to focus on long-term growth rather than quarterly earnings. In addition, private company executives may steer their ships without shareholder approval, which allows them to take significant action without delays. In Australia, Part 2E of

5655-497: The intersection of Liberty Mill Road and Clopper Road. Several German immigrants set up shop at the intersection and the town became known as "German Town", even though most residents of the town were of English or Scottish descent. Although it avoided much of the physical destruction that ravaged other cities in the region, the Civil War was still a cause of resentment and division among residents of Germantown. Many Germantown residents were against slavery and had sons fighting for

5742-465: The list first appeared in 1998. The company has been listed among the top four on the "100 Best Companies to Work For" list since 2016, but as of 2022, the company has been listed among the top six. The largest Wegmans store is located in DeWitt, New York , and measures about 160,000 square feet (15,000 square meters). Wegmans smallest store is located in East Rochester, New York , on Fairport Road, measuring 53,000 square feet (4,900 square meters); this

5829-403: The mid-20th century. The original plan for Germantown divided the area into a downtown and six town villages: Gunners Lake Village, Kingsview Village, Churchill Village, Middlebrook Village, Clopper's Mill Village, and Neelsville Village. The Churchill Town Sector at the corner of Maryland Route 118 and Middlebrook Road most closely resembles the center of Germantown because of the location of

5916-424: The northern portion of Montgomery County to receive electricity. In 1935, professional baseball player Walter Perry Johnson , who played as a pitcher for the Washington Senators (now the Minnesota Twins ), purchased a farm on what is now the site of Seneca Valley High School . Used as a dairy farm, Johnson lived there with his five children and his mother (his wife had died), until his death in 1946. A road near

6003-412: The opportunity for hands-on work and access to more advanced medical technology. The hospital was projected to eventually bring 5,000 new jobs to the area. In August 2017, Brandi Edinger initiated efforts to crowdfund the repurposing of the historic Cider Barrel as a bakery via Kickstarter , but failed to meet the $ 80,000 goal set. On January 1, 2020, it was reported that plans are underway to reopen

6090-419: The school was named after him. "Feed the Liberty Way" was used as a slogan for Liberty Mill which, with eight silos, became the second largest mill in all of Maryland, supplying flour to the United States Army during World War II . Cornmeal and animal feed were also manufactured at Liberty Mill, and a store at the mill sold specialty mixes, such as pancake and muffin mix. Following the end of World War II ,

6177-637: The subsidiary itself are traded directly, have characteristics of both privately held companies and publicly traded companies. Such companies are usually subject to the same reporting requirements as privately held companies, but their assets, liabilities, and activities are also including the reports of their parent companies , as are required by the accountancy and securities industry rules relating to groups of companies. Private companies may be called corporations , limited companies , limited liability companies , unlimited companies , or other names, depending on where and how they are organized and structured. In

6264-590: The summer and fall of 1861, there were more than twenty thousand Union soldiers camped to the west of Germantown, in neighboring Darnestown and Poolesville . Occasionally, these soldiers would come to Germantown and frequent the stores there. In September 1862 and in June 1863, several regiments of Union Army soldiers marched north on Maryland Route 355 , on their way to the battles of Antietam and Gettysburg , respectively. In July 1864, General Jubal Early led his army of Confederate soldiers down Maryland Route 355 to attack

6351-669: The supermarket retains the right to use the "Wegmans" name in script. According to Jo Natale, Wegmans director of media relations, "The cost of making relatively minor changes to a limited number of products was much less than the cost of litigating this case to the end." Wegmans offers a pick-up service called "Personal Shopping" at selected locations. In June 2017, Wegmans partnered with Instacart to provide home delivery service. In February 2020, Wegmans announced that its Brooklyn store would offer grocery delivery to Manhattan residents as an expansion to its Instacart partnership. Delivery fees start at $ 3.99, and Manhattan customers are given

6438-675: The thousands for a new store opening, regularly write " love letters " to the store to ask for one to open in a region not presently served, and in Northborough, Massachusetts , high school students staged a musical about the store. The store's fans have their own Twitter hashtag "#Wegmania" and Tumblr blog. Wegmans has also been compared to Florida -based grocery store Publix , another regional grocer. Both stores also feature bakeries, hot-food sections, and in-house brands. Additionally, both stores have also been featured in Fortune magazine as one of

6525-504: The time, it consisted of two buildings, 24 employees, and 1,200 students. Enrollment had increased to five thousand students by 2003, with eighty employees across four buildings. A steel water tower modeled after the Earth can be seen from orbiting satellites in outer space . As of 2008, a forty-acre bio-technology laboratory was nearing completion. Since the early 1980s, Germantown has experienced rapid economic and population growth, both in

6612-469: The top 25 companies to work with. The Wegmans brand was used extensively in the American TV sitcom The Office . The sitcom is set in the city of Scranton, Pennsylvania , which has a Wegmans store, although the series was filmed in suburban Los Angeles. Privately held company Private companies are often less well-known than their publicly traded counterparts but still have major importance in

6699-441: The top grocery store in 2017; it has held the top spot since 2006. It was also profiled as part of the "Here Are The Jobs" segment on MSNBC 's PoliticsNation on July 6, 2012. In 2016, Market Force surveyed over 10,000 grocery store shoppers nationwide, and Wegmans was rated "America's favorite grocery store". Wegmans has a loyal fan base of customers who have received recognition for their devotion, who have lined up overnight in

6786-640: The town with his family from Prussia when he was about nine years old. About five years later, his father moved the family to Virginia , but Atzerodt still had many friends and relatives in Germantown. He was living in Port Tobacco during the Civil War, and supplementing his meager income as a carriage painter by smuggling people across the Potomac River in a rowboat. This clandestine occupation brought him into contact with John Surratt and John Wilkes Booth and he

6873-579: The word Private Limited at the end of their names. Privately held companies generally have fewer or less comprehensive reporting requirements and obligations for transparency , via annual reports, etc. than publicly traded companies do. For example, in the United States, privately held companies are not generally required to publish their financial statements . By not being required to disclose details about their operations and financial outlook, private companies are not forced to disclose information that may potentially be valuable to competitors and so can avoid

6960-544: The world's economy . For example, in 2008, the 441 largest private companies in the United States accounted for $ 1.8 trillion in revenues and employed 6.2 million people, according to Forbes . Separately, all non-government-owned companies are considered private enterprises . That meaning includes both publicly traded and privately held companies since their investors are individuals. Private ownership of productive assets differs from state ownership or collective ownership (as in worker-owned companies). This usage

7047-451: Was 65 years of age or older. The average household size was 2.80 and the average family size was 3.19. In the area, the population was spread out, with 28.9% under the age of 18, 7.7% from 18 to 24, 43.0% from 25 to 44, 17.3% from 45 to 64, and 3.1% who were 65 years of age or older. The median age was 31 years. For every 100 females, there were 94.9 males. For every 100 females age 18 and over, there were 90.6 males. The median income for

7134-479: Was Italian Classics in 1995, which introduced pastas, canned tomatoes, and olive oils imported from Italy. In 2002, Wegmans launched a line of organic products, which are labeled with a green leaf. Wegmans has received much media attention for its customer fan base, organic food, hot food bar , the depth of its food selection, and employee happiness. Food Network recognized it with its award for Best Grocery Store in 2007. Consumer Reports subscribers voted Wegmans

7221-598: Was adopted in 1967. The plan for the 17-square-mile (44 km ) area included a dense central downtown area and less dense development surrounding it. In 1967, the Washington Metropolitan Area Transit Authority , in its planning of the Washington metro , considered having Germantown be the western terminus for the Red Line . Ultimately, Shady Grove was selected instead. In 1974, the Montgomery County Council approved an amended plan written by

7308-841: Was also the chain's 100th store. The chain's first location in New York City , at Admiral's Row in Brooklyn 's Navy Yard , opened on October 27, 2019. The West Cary, North Carolina, location opened on July 29, 2020. The Harrison, New York , location, in Westchester County , opened on August 5, 2020. The Tysons, Virginia , location opened on November 4, 2020. The Chapel Hill, North Carolina , location opened on February 24, 2021. The Wake Forest, North Carolina , location opened on May 19, 2021. The Carlyle, Virginia, location opened on May 11, 2022. The City Ridge, Washington, D.C. , location opened on July 13, 2022. The Wilmington, Delaware , location,

7395-419: Was considered far enough from the city to withstand a Soviet nuclear attack. The facility now operates as an administration complex for the U.S. Department of Energy and headquarters for its Office of Biological and Environmental Research. Marshall Davis owned a farm located where I-270 and Germantown Road intersect today. After I-270 divided his farm in two, Davis decided to sell the last of his land to

7482-480: Was drawn into a plot to kidnap President Lincoln. On April 14, 1865, Booth gave Atzerodt a gun and told him that he was to kill U.S. Vice President Andrew Johnson , which he refused to do. When he found out that Booth had shot Lincoln, Atzerodt panicked and fled to the Germantown farm of his cousin Hartman Richter, on Schaeffer Road near Clopper Road. He was discovered there by soldiers on April 20, six days after

7569-399: Was rebuilt after it was destroyed by arson in 1978. The Montgomery County public transit bus system, Ride On , serving Montgomery County with over 100 bus routes, operates a major transit hub in Germantown known as the Germantown Transit Center. The transit center serves approximately 20 routes, making it one of the largest transit centers in the county. As of 2017 , a light rail system,

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