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 […]
ANNAPOLIS, MD—Governor Wes Moore this week delivered the keynote address at the Maryland Minority Business Counts “Engage and Elevate” event at Coppin State University. The governor was joined by Comptroller Brooke Lierman; Maryland Department of Commerce Secretary Kevin Anderson; and Maryland Department of General Services Secretary Atif Chaudhry. Also in attendance was Governor’s Office of Small, Minority, and Women Business […]
ANNAPOLIS, MD—Governor Wes Moore this week announced that the Maryland Department of Commerce has received a $750,000 grant from the U.S. Small Business Administration to broaden the state’s international reach and help companies create jobs and access new foreign markets. The funding is the highest single award that the department has ever received through the State Trade Expansion Program, which […]
ANNAPOLIS, MD—Governor Wes Moore this week announced that the Maryland Department of Commerce has helped place more than two dozen international companies in incubators across the state through the Maryland Global Gateway program. The 27 approved participating companies (PDF) represent 19 countries and are in a number of industries including quantum computing, cybersecurity, life sciences, aerospace, manufacturing, and agriculture. “The […]
ANNAPOLIS, MD—Governor Wes Moore this week announced the launch of the Build Our Future grant program, a financial resource for innovation infrastructure projects to support eligible technology sectors. Funded at $10 million, the pilot 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 […]
ANNAPOLIS, MD—Governor Wes Moore this week announced the fiscal year 2024 funding to support the Maryland Manufacturing 4.0 program, a growing initiative that provides grants to small and mid-sized Maryland manufacturers to invest in Industry 4.0 technologies. The new round of funding, administered by the Maryland Department of Commerce, will provide businesses with a total of $1 million to modernize […]
ANNAPOLIS, MD—Governor Wes Moore has announced that the Maryland Department of Commerce approved three new Enterprise Zones – Woodlawn in Baltimore County; the towns of Betterton and Worton in Kent County; and the town of Snow Hill in Worcester County. The department also approved the redesignation and expansion of an existing zone in the town of Princess Anne, and has […]
ANNAPOLIS, MD—Governor Wes Moore on Wednesday announced that 67 child care facilities have been awarded a total of $11.5 million through the inaugural round of the Child Care Capital Support Revolving Loan Fund, administered through the Maryland Department of Commerce in partnership with the Maryland State Department of Education. The fund, created during the 2022 General Assembly, offers no-interest loans […]