ExportMD Grants Awarded to Seven Maryland Companies

BALTIMORE, MD (September 24, 2015) – Seven small and mid-sized Maryland companies have been awarded ExportMD grants to help promote their products and services in the global marketplace. The ExportMD grant program is administered by the Maryland Department of Business and Economic Development (DBED) and helps businesses finance the costs of marketing internationally, including trade show fees, brochures and travel expenses. Applications are accepted on a bi-monthly basis and the next application deadline is October, 1 2015. Eligibility requirements can be found on DBED’s website.

Among the companies included in this round of ExportMD grants is EndoMaster Medical Inc. of Beltsville. “Because of the ExportMD grant, our small company has an excellent opportunity to offer our products and services internationally, and it also gives us the ability to increase our workforce,” said Cathy Young, vice president of sales and marketing for EndoMaster Medical. “Many thanks to DBED for assisting EndoMaster Medical with every phase of this terrific experience.”

During fiscal year 2015, DBED awarded ExportMD grants to 44 Maryland companies for international initiatives, and since 2012, 67 grant recipients have leveraged more than $168 million in export sales.

“As competition increases in the global economy, one of our key priorities is to connect our Maryland businesses with new customers and new markets around the world,” said DBED Secretary Mike Gill. “I encourage Maryland businesses that are considering doing business internationally to learn more about the funding and expert guidance offered by the ExportMD program.”

Established in 1999, the Export MD program provides matching grants that are capped at $5,000 as well as up to 40 hours of marketing consulting from DBED’s Office of International Trade and Investment. To increase the number of Maryland companies that export, the State launched the Maryland Export Initiative. Created to complement the National Export Initiative, Maryland’s export initiative focuses on increasing export assistance to small businesses, creating jobs and leveraging the resources of existing federal and nonprofit partners.

September 2015 ExportMD grant recipients

Baltimore City
Tenax Corporation

Frederick County
Reflexonic, LLC

Harford County
Beacon Environmental Services, Inc.

Montgomery County
IP Technology Labs, LLC

Prince George’s County
EndoMaster Medical Inc.
EndoSurg Medical Inc.
FASTech Inc.

About DBED
The Maryland Department of Business and Economic Development stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing financial assistance to Maryland companies. The Department promotes the State’s many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Because they are major economic generators, the Department also supports the Arts, film production, sports and other special events. For more information, visit www.choosemaryland.org.