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 […]
UPDATE: The headline and body of this article have been updated to provide additional information and clarity. Story continues below… ANNAPOLIS, MD—Governor Wes Moore this week visited ION Storage Systems, a Maryland-based manufacturer of solid-state batteries for the defense, aerospace, medical, consumer, electric vehicle, and grid storage industries. During the visit in Beltsville, the governor announced $11 million in funding […]
BALTIMORE, MD—Hellenic Cables Americas has agreed to build a new factory on 38 acres of land in Wagner’s Point in Baltimore. The company is one of the largest cable producers in Europe. The factory is expected to create 120 jobs when it’s up and running. The new plant will manufacture power and telecom cables for a variety of applications including […]
ANNAPOLIS, MD—The Maryland Department of Commerce has announced that 11 companies will share $9 million in grants to help them expand and grow. The money comes from the Build Our Future Grant Pilot program, which is part of the Governor’s Innovation Economy Infrastructure Act of 2023. The grants range from $1 million to $2 million and will be used to […]
BOWIE, MD—Electric vehicle charging company Blink Charging plans to relocate its headquarters to Maryland, Governor Wes Moore announced this week. The company will also build a new production facility in Bowie. The new development will include 15,000 square feet of office space at 17301 Melford Boulevard in Prince George’s County and a 30,000 square foot manufacturing plant at 5081 Howerton […]
BALTIMORE, MD—The state of Maryland has launched a new effort to attract young high-tech professionals and college students to the state. A new component of the department’s ‘Be Moved’ campaign will promote Maryland as a place where to live, work and thrive, featuring testimonials from young professionals who share their experiences of living in the state. The new ‘Be Moved’ […]
ANNAPOLIS, MD—Governor Wes Moore this week announced that Maryland is better positioned to compete for federal contracts for small businesses located in historically underutilized areas thanks to new HUBZone designations. The designations are a result of the governor’s office submitting a petition to the U.S. Small Business Administration, which allows the state to choose areas in need of economic development. […]
ANNAPOLIS, MD—Governor Wes Moore has announced that Maryland Department of Commerce finance and tax incentive programs helped create and retain 9,725 direct jobs in Maryland during FY 2023. More than 780 business recipients utilized the department’s programs over the year, investing nearly $166 million of private capital into projects across the state. “One of our top priorities is making Maryland […]