MARYLAND COMMERCE SECRETARY NAMES NEW ENTREPRENEURSHIP DIRECTOR

Karen Glenn Hood

Allyson Redpath will oversee agency’s involvement in the early-stage ecosystem and work as an advocate for startups in the state BALTIMORE, MD (January 16, 2020) – Maryland Department of Commerce Secretary Kelly M. Schulz has named a new director of entrepreneurship and small business outreach who will play a key role in attracting and retaining early-stage…

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Progressives Push Tax Reform Proposals to Fund Kirwan Plan

Danielle E. Gaines

Progressive House Democrats rolled out a package of bills on Wednesday that they say will bring more equity to Maryland’s tax code and create more than $1 billion in annual revenues to fund education reforms. The lawmakers, joined by education reform advocates from The Maryland Fair Funding Coalition, plan to introduce 10 bills that they…

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Appointment—Economic Development Commission

Cecil County Council

A Resolution to confirm the reappointment by the County Executive of Mary Way Bolt, Linda Burris, JoAnn Dawson, Bernard DeMarinis, Bruce England, Woody Jackson, Michael Lara, Robert Palsgrove, Michael Ratchford, Carl Roberts, Richard Szumel, and Michael Travers, II and to confirm the appointment of Joseph DiNunzio, Vincent Fiorelli, Jeff Lawson and Morgan Miller to the…

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TEDCO and NIST Award $448,000 Through N-STEP

Tammi Thomas

COLUMBIA, Md. (December 24, 2019)—The Maryland Technology Development Corporation (TEDCO) and the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) announced that four companies were awarded a total of $448,000 through the NIST Science and Technology Entrepreneurship Program (N-STEP). Each company was awarded $112,000 to develop its NIST-licensed technology for commercial market applications and…

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Applications Now Open for TEDCO’s Investment Funds

Tammi Thomas

COLUMBIA, Md. (January 3, 2020)—TEDCO, Maryland’s economic engine for technology companies, announced today that its programs: Rural Business Innovation Initiative (RBII Fund), Builder Fund (Builder Fund), Seed Funds (Seed Fund) and Maryland Venture Fund (MVF) are now accepting applications for investments. In accordance with new statutory requirements enacted by the Maryland General Assembly during the 2019 legislative session, TEDCO has developed and adopted regulations…

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TEDCO’s Maryland Innovation Initiative Infuses $2.63M in New Round of Projects

Tammi Thomas

COLUMBIA, Md. (January 8, 2020)—TEDCO, Maryland’s economic engine for technology companies, announced its recent round of funding for select projects through the Maryland Innovation Initiative (MII). This round of funding includes project grants for technology assessment and investments in the spin-out companies, from its five partner universities for a total of $2.63M. Established in 2012, the MII…

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Maryland Military Leader and Global Management Consulting Executive Linda Singh Joins TEDCO

Tammi Thomas

COLUMBIA, Md. (January 8, 2020)—TEDCO, Maryland’s investment engine for start-up technology and life science companies, today announced retired Major General Linda Singh as its interim Executive Director/Chief Executive Officer (ED/CEO) effective January 2, 2020. Linda’s appointment comes at a critical juncture as TEDCO emerges from its moratorium on investments in key programs. “We’ve made meaningful progress toward…

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Hogan Administration Announces $3 Million to Revitalize Baltimore’s Historic Lexington Market

Owen McEvoy

Neighborhood BusinessWorks loan will support three months of construction NEW CARROLLTON, Md. (January 7, 2020) – Governor Larry Hogan today announced a $3 million bridge loan through the Department of Housing and Community Development’s Neighborhood BusinessWorks program for the revitalization of Baltimore’s historic Lexington Market. The loan will support three months of construction work for the…

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New Video Series Premieres Highlighting Neighborhood BusinessWorks Investment

Owen McEvoy

Program has provided more than $40 million to small businesses during Hogan administration NEW CARROLLTON, MD (December 19, 2019) – The Maryland Department of Housing and Community Development launched a new promotional video series highlighting projects supported by the Neighborhood BusinessWorks program. The new videos present testimonials from business owners and developers who received funding about their…

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MARYLAND MARKETING PARTNERSHIP ANNOUNCES KAREN CHERRY OF HOWARD HUGHES CORP. AS NEW BOARD CHAIR

Karen Glenn Hood

BALTIMORE, MD (December 23, 2019) – The Maryland Marketing Partnership’s board of directors announced that Karen Cherry has been elected as its new board chair. Ms. Cherry is vice president of office leasing for The Howard Hughes Corporation. She oversees the leasing activity in the company’s Columbia, Md. office portfolio, which consists of over 1.8 million square feet…

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