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Department of Business and Economic Development

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Maryland Department of Business and Economic Development (DBED) Secretary Mike Gill has appointed three new senior staff members who will play key roles in attracting, retaining and growing businesses in the State and promoting Maryland as a great place to do business. The appointments, which are part of a larger

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EntrepreneursHealth & Life SciencesInformation & TechnologyInnovation & Tech

The next great idea was easier to find than a necktie at TechBuzz2014, a semi-annual event put on by the Mid-Atlantic Venture Association (MAVA) where entrepreneurs, given more to flannel shirts than business suits, pitched their fledgling companies to an auditorium full of venture capital and angel investors. The event

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InvestMarylandUncategorized

BALTIMORE, MD (March 25, 2014) – The Maryland Department of Business and Economic Development (DBED) announced today that 12 startup companies have advanced to the final round of the InvestMaryland Challenge, the State’s national business competition. The finalists are competing for $100,000 top prizes in four categories — Information Technology,

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DBED

Recent changes to loan programs through the U.S. Small Business Administration are easing the financing process for Maryland entrepreneurs, and winning approval from State business leaders. The SBA is now waiving the upfront guaranty fee and ongoing fee on category 7(a) business loans of $150,000 or less. Potentially, a small business owner obtaining a

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Military construction projects in Maryland have amounted to over $1.5 billion in spending over the past three fiscal years—but not all of those projects were awarded to in-state companies. In fact, in fiscal year 2013, only 34 percent of the contracts went to Maryland-based companies, officials said on Tuesday, during the

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Innovation & TechMaryland EconomyUncategorized

By Nick Sohr, Managing Editor, MDBIZNews The inaugural InvestMaryland Challenge business competition has drawn 259* applicants who will be competing for three $100,000 prizes and about $150,000 worth of in-kind business services. The challengers hail from at least 10 states, including Maryland and Washington D.C. (The Department of Business and Economic

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By Nick Sohr, Managing Editor, MDBIZNews Plasmonix and Bambeco have received the latest investments through InvestMaryland, the Department of Business and Economic Development announced Thursday. The state made equity investments of $100,000 in Plasmonix and $200,000 in Bambeco, which also received $400,000 through InvestMaryland last month. “Companies like Plasmonix and Bambeco

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By Nick Sohr, Managing Editor, MDBIZNews The first phase of the inaugural InvestMaryland Challenge business competition is nearly over. Applications are due Thursday for businesses across the country looking to claim one of the three $100,000 top prizes or any of the in-kind business services worth a total of $125,000.

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InvestMaryland

By Nick Sohr, Managing Editor, MDBIZNews Grotech Ventures, a local venture capital firm, will invest $12 million on behalf of the state through the InvestMaryland program, the state announced Thursday. Grotech is the first venture partner for InvestMaryland. The Maryland Venture Fund Authority, which oversees InvestMaryland, tapped Grotech “because of

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By Nick Sohr, Managing Editor, MDBIZNews Social & Scientific Systems, Inc.’s headquarters and the company’s 300 employees will remain in Silver Spring for at least a decade, according to a deal announced Wednesday by the state Department of Business and Economic Development. “By working with the leadership of Social &

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