MARYLAND COMMERCE RECEIVES OEA FUNDING TO HELP BUSINESSES COMPLY WITH NEW DEPARTMENT OF DEFENSE REGULATIONS
Program designed to inform defense companies, provide resources to ensure data security
BALTIMORE, MD (OCTOBER 1, 2018) – The Maryland Department of Commerce has been awarded $515,636 in federal funding from the Department of Defense (DoD) Office of Economic Adjustment (OEA) to assist in-state businesses. Part of OEA’s Defense Industry Adjustment grant program, the funding is designed to help Maryland defense contractors comply with recently-enacted DoD enhanced security regulations. As of December 31, 2017, all DoD contractors that handle Controlled Unclassified Information (CUI) must meet certain minimum cybersecurity standards or risk losing their DoD contracts. The program will provide support to small and mid-sized prime contractors requiring assistance in meeting the standards.
“Military installations in Maryland contract with companies across our state to provide goods and services and generate an economic impact of more than $57 billion on our economy,” said Commerce Secretary Mike Gill. “This program will not only help companies protect their data and remain in compliance with DoD regulations, but also retain the defense contracts that help companies grow and military commands achieve their mission.”
The Maryland Manufacturing Extension Partnership (MD MEP) has been engaged by Maryland Commerce to coordinate the grant program. MD MEP will educate defense companies on the new cybersecurity standards (NIST 800-171) and provide funding to assess qualified companies for compliance with the new regulations, as well as technical assistance to ensure compliance with the NIST standard. From September 2018 until September 2019, MD MEP will provide cybersecurity compliance assessments to at least 40 Maryland defense contractors, and technical assistance and mitigation support for at least 30 defense contractors in the state.
For additional information, contact MD MEP Executive Director Michael Kelleher at firstname.lastname@example.org or 410-505-4142.
About Maryland Commerce
The Maryland Department of Commerce 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 commerce.maryland.gov.