For the second time this year, North Carolina’s loss is Baltimore’s gain.

The Business History Conference, a group that had been planning to hold its annual meeting in 2018 in Charlotte, has decided to gather in Baltimore instead – even though it incurred a penalty of $21,750 for cancelling the initial meeting site.

The Baltimore meeting is expected to draw 350 people spending $120,000 for lodging, according to the group’s secretary-treasurer, Roger Horowitz.

In choosing Baltimore, the conference follows a decision made in April by the Community Transportation Association of America, a Washington D.C.-based nonprofit. That group backed out of plans to hold its June 2018 meeting in Raleigh and opted for Baltimore instead.

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