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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USDA Seeks Applications for Grants to Help Agricultural Producers and Rural Small Businesses Develop New Products

Sandy Sponaugle

The deadline to apply is March 10, 2020. The U.S. Department of Agriculture (USDA) Rural Development is accepting applications for grants to help farmers, ranchers, and producer-based businesses develop new products and expanding marketing opportunities. Rural Development is making approximately $37 million in grants available nationwide under the Value Added Producer Grant (VAPG) Program. The…

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MARYLAND COMMERCE SUPPORTS NONPROFIT ORGANIZATIONS WITH $25,000 MICRO BRIDGE LOANS

Amanda Winters

BALTIMORE, MD (December 12, 2019) – The Maryland Department of Commerce today announced that six nonprofit organizations have each received $25,000 in short term financing through the Nonprofit, Interest-Free, Micro Bridge Loan Account (NIMBL). The organizations, ranging from a National Historic Landmark to social welfare advocates, will use the funding to assist with ongoing operating costs. Created…

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BENJAMIN H. WU SELECTED AS PRESIDENT AND CEO OF THE MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION

Robert G. Brewer, Jr.

Top Maryland official named as MCEDC executive to lead business growth in Montgomery County, the state’s economic driver Rockville, Md.—(BUSINESS WIRE)—The Board of Directors of the Montgomery County Economic Development Corporation (MCEDC) has announced Benjamin H. Wu as its new President and Chief Executive Officer. Wu, the current Deputy Secretary and Chief Operating Officer of…

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Fiscal Year 2020 Maryland Housing Counseling Fund Awards Announced

Owen McEvoy

More than $2 million awarded to 40 organizations in 16 jurisdictions NEW CARROLLTON, MD (December 3, 2019) – The Maryland Department of Housing and Community Development announced more than $2 million in Fiscal Year 2020 awards through the Maryland Housing Counseling Fund. These awards will support 40 nonprofit and local government organizations that provide housing…

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STATE LEADS DELEGATION TO EXPODEFENSA 2019

Amanda Winters

Colombian trade show hosts attendees from more than 30 countries BALTIMORE, MD (December 2, 2019) – The Maryland Department of Commerce is leading a delegation of nine Maryland companies this week to Expodefensa 2019, an international exhibition for security and defense in Latin America. This is the first year that Maryland – through Commerce’s Office of International…

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