The Maryland Technology Development Corp. contributed $1 billion to the state’s economy and created more than 4,000 jobs in 2015, according to a new study.
In a December report, nonprofit research firm Battelle described TEDCO’s economic impact as a significant and growing contribution to Maryland’s economy, but also pointed to room for improvement. TEDCO lags behind its peers in venture capital investment, commercialization and technology business activity, and Maryland as a whole is “still not fully capitalizing on its significant innovation and technology assets,” the report’s authors wrote.
Read more at Baltimore Business Journal
from http://baltimoretech.org/news/tedcos-1-billion-economic-impact-could-be-bigger/
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