Governor Moore Announces Early Charm Expansion to Bring New Jobs to Baltimore City
Company to utilize more than 26,000 square feet in Pigtown
BALTIMORE, MD (August 10, 2023) — Governor Wes Moore today announced that Early Charm – a company that creates, owns, and operates ventures that convert science to revenue – has officially opened its new production shop in Baltimore City, where it plans to create 115 new jobs over the next four years. The company has leased more than 26,000 square feet of space at 1300 Bayard Street in Pigtown, where it is growing its custom manufacturing operations for advanced materials and supporting the addition of 30 new ventures.
“We are excited to support Early Charm’s reinvestment in Baltimore City, where more than a hundred jobs will soon be added to the Pigtown community,” said Gov. Moore. “Investing in this new facility will allow Early Charm to continue growing its portfolio, boost manufacturing in local industry and make Maryland even more competitive.”
Early Charm is committed to transforming scientific discoveries into sustainable and profitable businesses that support equitable growth in Baltimore City. The company prioritizes long-term success, emphasizing ventures that create lasting value rather than quick exits. Its businesses serve forward-thinking industries including blue technologies, advanced manufacturing, therapeutic drug design, and engineered products.
“Baltimore has proven to be a great place for us to launch and grow ventures. We’re excited to continue growing here,” said Early Charm Executive Officer Ken Malone. “The new facility allows us to expand custom manufacturing of advanced materials including 3D printed plastic, metal, ceramic and biologic parts, nanofiber filters, membranes and textiles, flexible electronic components, and flame-retardant textile inks. Many of these products started as ideas at local universities.”
To assist with project costs, the Maryland Department of Commerce has provided a $460,000 conditional loan through Advantage Maryland, and the Baltimore Development Corporation has provided a $100,000 conditional loan. The company is also eligible for various other incentives and tax credits, including the Partnership for Workforce Quality program and the state’s Job Creation Tax Credit.
“Maryland and its educational institutions are thriving with innovation and Early Charm is helping bring their ideas to life,” said Maryland Department of Commerce Secretary Kevin Anderson. “We applaud the company’s decision to expand its advanced manufacturing operations in Baltimore.”
“We’re excited to support the continued growth of Early Charm,” said President and Chief Executive Officer of Baltimore Development Corporation Colin Tarbert. “Early Charm’s success in developing innovative businesses by leveraging new technologies and a diverse workforce exemplifies the robust equitable economy that we are building in Baltimore.”
To learn more about the company, please visit earlycharm.com.
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.