Governor Larry Hogen Announces Maryland’s First Business Summit

Sandy Sponaugle

Summit to feature top Maryland business, education leaders BALTIMORE, MD (April 25, 2017) – Governor Larry Hogan today announced that Maryland will host its first Business Summit on Thursday, May 18 at the Hilton Baltimore, bringing together Maryland business, education, and community leaders to focus on key issues impacting Maryland’s economy, including innovation and entrepreneurship, the global economy,…

Read More »

Dorchester Announces Sale Price For Regional Tech Park Building Lots

Sandy Sponaugle

County completes independent appraisal of value; announces Incubator is 92% leased April 24, 2017 (Cambridge, Maryland) – Dorchester County Economic Development announced the completion of a fair market value (FMV) assessment for 12 building lots at the Dorchester Regional Technology Park, a critical milestone allowing the county to sell land to expanding businesses. The market…

Read More »

Sonavex Closes Oversubscribed Series A, Adds Two Industry Veterans to Board

Sandy Sponaugle

Baltimore, MD (April 24, 2017) – Sonavex, Inc., a privately held medical device company dedicated to improving surgical patient outcomes with point-of-care imaging technologies, announced that it received $3 million in recent financing, including the $2.2M first close of its Series A round. The offering, led by Grey Sky Venture Partners, was recently expanded by another…

Read More »

TEDCO Announces New Gap Funding for Startup Companies

Sandy Sponaugle

COLUMBIA, Md. (April 20, 2017) – The Maryland Technology Development Corporation (TEDCO) today announced $1 million in new economic development funds that will provide startup technology companies with investment capital to help cover the gap between seed funding and venture capital investments. The Gap Investment Fund program, which was included in Governor Larry Hogan’s Fiscal…

Read More »

Maryland Life Sciences Advisory Board Issues Recommendations to Accelerate State’s Biohealth Industry

Sandy Sponaugle

Panel identifies strengthening talent pool and increasing access to capital as areas for growth BALTIMORE, MD (April 19, 2017) – The Maryland Life Sciences Advisory Board (LSAB) today announced a series of strategic recommendations to grow Maryland’s biohealth industry and position the state as a globally recognized Top 3 U.S. BioHealth Innovation Hub by 2023. Maryland…

Read More »

Salisbury Defense Manufacturer Expands Operations, Plans to Add 42 New Jobs

Sandy Sponaugle

Manufacturing Support Industries will expand its operations in Salisbury to increase production BALTIMORE, MD (April 18, 2017) – Manufacturing Support Industries, Inc. (MSI) a manufacturer of precision components for the defense industry, is expanding its operations in Salisbury. As part of a strategic affiliation with Craig Technologies in Seaford, Del., a leading manufacturer of precision ground plastic balls…

Read More »

Anne Arundel County Celebrates Business Appreciation Week May 1 to 5

Sandy Sponaugle

Annapolis, Maryland – (April 17, 2017) – During Anne Arundel Business Appreciation Week, ambassador groups will be taking part in more than 35 visits to businesses large and small around the county.  Ambassador groups will be made up of representatives from Anne Arundel Economic Development Corporation, various county agencies and other professionals from the public and private…

Read More »

Howard County EDA to Receive Inaugural MEDA Transformative Excellence Award

Sandy Sponaugle

Columbia, MD (4/12/2016) – The Maryland Economic Development Association (MEDA) has awarded the Howard County Economic Development Authority (HCEDA) its inaugural Transformative Excellence Award for their response to the Ellicott City flood. MEDA created the Transformative Excellence Award to recognize the role economic development plays in crisis management and to showcase standout practices exhibited throughout…

Read More »

Governor Larry Hogan Signs More Jobs for Marylanders Act Into Law

Sandy Sponaugle

Governor, Senate President, Speaker Sign 120 Bills, Including Ethics Reform and Transportation Legislation  ANNAPOLIS, MD – Governor Larry Hogan, along with Senate President Thomas V. “Mike” Miller and Speaker of the House Mike Busch, today signed 120 bills into law during the first signing ceremony in the State House following the conclusion of the 2017…

Read More »

Food Truck Initiative Launches in Columbia Gateway

Sandy Sponaugle

Columbia, MD (4/10/17) – Nearly 300 people stopped by Columbia Gateway’s new twice-weekly Food Trucks program which began operating on April 4. Every Tuesday and Thursday from 11 a.m. to 2 p.m., a rotating set of two to three different food trucks will set up shop at 6821 Benjamin Franklin Drive, adding to the already…

Read More »