ANNAPOLIS, MD—Governor Wes Moore has announced that new applications are being accepted for the Build Our Future grant program, a financial resource for innovation infrastructure projects to support eligible technology sectors. Funded at $7 million, the program will provide matching grants of up to $2 million to projects that demonstrate a transformative impact in accelerating growth and innovation in the state’s strategic industry sectors.
The Build Our Future grant program is part of Governor Moore’s plan to bridge the gap between vision and economic growth. Eleven projects were approved for grants in June, and a second round of funding is now open to businesses, nonprofits, local governments, and colleges and universities across the state.
“Building a more competitive economy means Maryland must invest in the strategic industries and advanced technology that tomorrow’s workforce will rely on,” Governor Moore said in a statement. “This next round of grant funding will continue to strengthen and enhance our innovation economy and help make this Maryland’s decade.”
The Maryland Department of Commerce is administering the program, which is offering matching grants of up to $2 million to projects that can demonstrate a transformative impact on the state’s strategic industry sectors. Cyber ranges, prototype manufacturing centers, and research spaces are some of the eligible projects.
“The Build Our Future program is one of the most exciting tools in Maryland’s economic development toolbox,” said Maryland Department of Commerce Secretary Kevin Anderson. “Our first round of grants supported cutting-edge projects spanning a wide range of industry sectors, and we’re thrilled to see what’s in store for Round Two.”
Applications are open now, and a virtual informational webinar on the grant application process will be held on Thursday, September 5 at 2 p.m. Additional details, including webinar registration and eligibility terms, are available through commerce.maryland.gov.
This article was written with the assistance of AI and reviewed by a human editor.
Photo via Pixabay
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