City of Cambridge to fund human services grant program as part of its proposed FY 18 budget

Sandy Sponaugle

As part of its proposed FY18 budget, the City of Cambridge will award $25,000 to non-profit and governmental organizations throughout the city using its Human Service Grant program. Applications will be made available online at choosecambridge.com, or at the Department of Public works, located at 1025 Washington Street, or at City Hall, located at 410…

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Governor Larry Hogen Announces Maryland’s First Business Summit

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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,…

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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…

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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…

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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…

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

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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…

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

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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…

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Anne Arundel County Celebrates Business Appreciation Week May 1 to 5

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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…

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Maryland Commerce Joins with Local Trade Groups to Launch Program to Boost State’s Exports

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Competition will select Top 50 Maryland defense industry products, services to be showcased globally BALTIMORE, MD – The Maryland Department of Commerce, the Maryland District Export Council (DEC), and the Baltimore U.S. Export Assistance Center are teaming up to launch a new annual competition to choose the Top 50 exportable products and services from Maryland….

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TEDCO Announces New Board Director

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Johns Hopkins’ Jennifer Elisseeff COLUMBIA, Md. (April 13, 2017) – The Maryland Technology Development Corporation (TEDCO) announced today that Governor Larry Hogan appointed Dr. Jennifer Elisseeff of Johns Hopkins University (JHU) to the Board of Directors. Dr. Elisseeff is the Morton Goldberg Professor and director of the Translational Tissue Engineering Center at Wilmer Eye Institute…

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