McHenry Spec Building Completed

Garrett County Government

The Board of Garrett County Commissioners is happy to announce the completion of a spec building in the McHenry Business Park. Located just off Bumble Bee Road, the business park will have direct access to the Garrett County Airport in McHenry. The project is a partnership between the County and the Maryland Economic Development Corporation…

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ADDITIONAL COVID-19 FUNDING AVAILABLE FOR 501(c)(6) NONPROFIT ORGANIZATIONS IN MARYLAND

Karen Glenn Hood

Application portal scheduled to launch on August 17 BALTIMORE, MD (July 31, 2020) – The Maryland Department of Commerce and the Maryland Department of Housing and Community Development today announced that a third round of emergency relief funding will soon be used to assist local 501(c)(6) nonprofit associations that have been negatively impacted by the ongoing COVID-19…

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Reopen Montgomery Grant Program

Sandy Sponaugle

Reopen Montgomery Program grants will reimburse Montgomery County businesses and nonprofits for expenses incurred to comply with State and County reopening requirements. Reopening requirements are established to prevent the spread of COVID-19 and maintain public health. The County Council passed a special appropriation under Resolution 19-523 creating the Reopen Montgomery Program to provide grants of…

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Calvert County to Open Second Round for COVID-19 Small Business and Nonprofit Relief Fund

Sandy Sponaugle

PRINCE FREDERICK, Md. – July 29, 2020 –The Calvert County Board of County Commissioners announces it will open a second round of the COVID-19 Small Business and Nonprofit Relief Fund Grant to provide assistance to local for-profit businesses and nonprofit organizations that have experienced adverse financial impacts or expenses due to the COVID-19 pandemic. The…

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TEDCO Announces New Executives

Sandy Sponaugle

Filling two critical roles in Investments and Operations COLUMBIA, Md. (July 28, 2020)—TEDCO, Maryland’s economic engine for technology companies, announced today the appointments of Michael Hauser as the Managing Director of Investments and Terry Rauh as the Vice President, Chief Administrative Officer. “Michael and Terry bring many years of leadership experience to fill these critical…

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VW Opens Tradepoint Atlantic Vehicle Terminal At Port Of Baltimore

Sandy Sponaugle

Volkswagen Group of America, Inc. (VWGoA) and Tradepoint Atlantic recently celebrated the first day of operations at the Tradepoint Atlantic terminal at the Port of Baltimore, VWGoA’s newest port in the U.S. The port, which will serve roughly 302 dealers in the mid-Atlantic region, marks an approximately $150 million investment in the Baltimore-area and the…

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MARYLAND COMMERCE ANNOUNCES “INNOVATION UNCOVERED” TO SHOWCASE STATE’S INNOVATORS, ENTREPRENEURS, AND SMALL BUSINESSES

Karen Glenn Hood

Celebration of entrepreneurship will include selecting state’s most innovative startups for “Maryland Future 20” list BALTIMORE, MD (July 27, 2020) – The Maryland Department of Commerce today announced the launch of “Innovation Uncovered,” a multifaceted program to highlight Maryland’s innovators, entrepreneurs, and small businesses in 2020.  Through blog posts, videos, and social media promotion, Commerce will be celebrating…

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TEDCO taps executive from University of D.C. as new CEO

Morgan Eichensehr – Reporter, Baltimore Business Journal

The Maryland Technology Development Corp. (TEDCO) board has appointed Troy LeMaile-Stovall, currently chief operating officer at the University of the District of Columbia, as its new CEO. LeMaile-Stovall will fill a critical seat at the state-backed funding and economic development organization, which has been without a permanent chief executive since last June. TEDCO’s former CEO,…

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TEDCO’s Seed Fund invests $800K in Maryland Start-ups

Tammi Thomas

Four technology and life sciences companies among those invested COLUMBIA, Md. (July 20, 2020)—TEDCO, Maryland’s economic engine for technology companies, announced today its Seed Fund invested $800K in four (4) technology and life sciences start-ups based in Maryland. “We believe these companies are in a critical area of known need, setting them on a path to build…

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Anne Arundel Small Business Customer and Employee Protection (CEP) Grant Program Application Deadline is July 24

Rosa Cruz

Annapolis, Maryland (July 17, 2020) – Today Anne Arundel Economic Development Corporation (AAEDC) CEO Ben Birge announced that businesses interested in requesting funds through the county’s Customer and Employee Protection (CEP) Grant Program have until July 24 to submit their applications. On that date, the online portal will stop accepting new applications. However, businesses with…

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