Maryland Department of Commerce Archives - Page 2 of 10

Governor Moore tours ION Storage Systems, announces $11 million investment to support Maryland-based manufacturing projects

Posted on August 8, 2024 by Chris Montcalmo

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 […]

Hellenic Cables to build new factory in Baltimore

Posted on July 22, 2024 by Chris Montcalmo

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 […]

Maryland grants $9 million to boost tech innovation

Posted on June 27, 2024 by Chris Montcalmo

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 […]

Maryland, NASA ink pact to boost aerospace industry

Posted on May 30, 2024 by Chris Montcalmo

ANNAPOLIS, MD—The Maryland Department of Commerce has signed a new memorandum of understanding with NASA Goddard Space Flight Center to bolster the state’s aerospace industry. The three-year agreement will support growth in Maryland’s aerospace economy in the area surrounding Goddard, located in Greenbelt, and on the Lower Eastern Shore near the rocket launch site Wallops Flight Facility. Under the three-year […]

BlueHalo expands in Maryland, bringing 200 new jobs

Posted on May 14, 2024 by Chris Montcalmo

ANNAPOLIS, MD—A defense contractor company is expanding its operations in Maryland and bringing with it 200 new jobs. Governor Wes Moore announced this week that BlueHalo is expanding its facility in Germantown. The move is expected to create 200 new jobs across the company’s three locations in Maryland. BlueHalo is a company that develops and manufactures next-generation space, cyber, and […]

Key Bridge Collapse Container Removal 20240407

Maryland launches two new relief programs to aid businesses impacted by Key Bridge collapse

Posted on April 24, 2024 by Chris Montcalmo

ANNAPOLIS, MD—Governor Wes Moore this week announced the launch of two additional economic relief programs to assist businesses impacted by the Key Bridge collapse. The $15 million Port of Baltimore Emergency Business Assistance Program provides grants to businesses that have experienced a loss of revenue or increased costs due to the disruption of their shipments at the Port of Baltimore. […]

Governor Moore announces Port of Baltimore Worker Support Program to provide temporary cash assistance for eligible workers

Posted on April 19, 2024 by Chris Montcalmo

ANNAPOLIS, MD—Governor Wes Moore on Friday announced the start of the Port of Baltimore Worker Support Program, which will provide temporary cash assistance to eligible workers who have lost income and work hours due to the Francis Scott Key Bridge collapse. The $15 million program, established through executive order and authorized by the Maryland Protecting Opportunities and Regional Trade (PORT) […]

Maryland announces $12.5 million grant program to help Port of Baltimore retain workers following Key Bridge collapse

Posted on April 16, 2024 by Chris Montcalmo

BALTIMORE, MD—The state of Maryland has announced a $12.5 million grant program to help businesses at the Port of Baltimore retain workers impacted by the recent Key Bridge collapse. The Port of Baltimore Worker Retention Program will provide grants to eligible businesses that can demonstrate an effort to avoid layoffs and maintain their workforce at the same hours, rates of […]

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