Governor Larry Hogan has announced a new $250 million relief package to provide assistance to businesses throughout Maryland that have been negatively impacted by the COVID-19 pandemic.
The ‘Maryland Strong: Economic Recovery Initiative,’ which will provide funding from the Rainy Day Fund, doubles the state’s total commitment to $500 million for emergency economic relief.
Additional economic relief is now available for Maryland’s agricultural industries impacted by the COVID-19 pandemic.
In the face of a global pandemic, the scientific community’s need to be nimble and responsive has never been more apparent. But the industry’s ability to pivot requires an ecosystem with all the elements for rapid innovation and collaboration. Maryland’s life sciences ecosystem, complete with esteemed academic institutions and federal laboratories, a density of biopharmaceutical and medical technology companies, and a healthy biomanufacturing sector, puts the state’s companies and universities in the nexus of the fight against COVID-19.
More than $13.1 million in new research professorships have been endowed by the University of Maryland, Baltimore; the University of Maryland, Baltimore County; Johns Hopkins University; the Maryland Institute College of Art; Goucher College; Hood College; and the Maryland Department of Commerce.
Like all businesses, Maryland manufacturers had to adjust in 2020 in the face of the COVID-19 pandemic. From clothiers, to biohealth companies, and everything in between, Maryland manufacturers stepped up to the plate. October is National Manufacturing Month, and a time to say thank you and celebrate manufacturers across the state. Here are just a few manufacturers we’d like to shine a light on for their ingenuity in response to COVID-19.
The Maryland Department of Commerce has joined the Government of Quebec to sign a cooperative agreement to foster economic development collaboration between the two regions.
Following the designation of Aberdeen in Harford County earlier this year, Main Street Maryland has now designated 33 communities statewide, supporting locally-owned businesses, events, and activities that provide residents and visitors with an authentic Maryland experience.
Now that the fall season is upon us, it’s the perfect time to take advantage of the natural beauty Maryland has to offer. Our state is lucky to be positioned near a plethora of state and national parks, scenic byways, and forested attractions that are perfect for taking in the colorful fall foliage.
For the first time, all of Maryland’s premiere equestrian sporting events will take place in the same month.
As part of a new economic development incentive, data centers that locate or expand in Maryland and create new, full-time jobs can receive an exemption from the state sales and use tax for up to 20 years.
After being in business for 16 years, one of the last things Nations Photo Lab expected was to convert its photo facilities into full-time PPE manufacturing shops. But when the COVID-19 pandemic hit Maryland, that’s exactly what this Baltimore County business did.
Looking for a chance to discuss and learn about Maryland’s licensing opportunities, federal labs, international partnerships, and more? This year, the Maryland Bio Innovation Conference is going global and virtual.
For nearly 75 years, the certified public accounting firm Ellin & Tucker has provided strategic advice for some of Baltimore’s most respected private businesses, nonprofits, independent schools, and more. Located in the heart of the Baltimore City, the company has made a name for itself with its consistent reliability and dedication to customer success and longevity.
We sat down with Ellin & Tucker director Bryan Porter, CPA, MS to discuss the current status of today’s market during the COVID-19 pandemic and tips for businesses trying to work through current challenges while preparing for the future.
A total of 149 Maryland businesses have been named to the latest Inc. 5000 rankings, the highest recorded amount for the state in nearly a decade.
As part of Maryland’s ongoing efforts to attract foreign companies to invest and expand business within the state, the Maryland Department of Commerce has engaged 650 international companies through maintaining networks locally and abroad. This includes Audittrail, a Dutch company that came to Maryland through a partnership program with bwtech@UMBC.
In an effort to improve communication among children, hard-of-hearing, and Deaf individuals, ClearMask is working to provide accessibility to everyone during the COVID-19 pandemic.
The state’s Defense Technology Commercialization (DefTech) Center has received the 2020 State & Local Economic Development Award by the Federal Lab Consortium. The recognition highlights the success that the technology transfer accelerator has had in its partnership with the U.S. Army Combat Capabilities Development Command (CCDC) and Harford County government.
Recognizing the benefits of proximity to leading U.S. researchers, regulators and advocacy groups, Nobelpharma America has chosen Montgomery County, Maryland as the location for its first overseas subsidiary of Nobelpharma Co. Ltd., a company headquartered in Tokyo, Japan. Nobelpharma’s company mission is to contribute to society by providing critical but neglected pharmaceuticals and medical devices.
While we highlight Black-owned businesses during National Black Business Month, it is important to support Black and minority owned businesses all year long as key parts of Maryland’s economy.
