Maryland Technology Development Corporation - Maryland Growth Initiative - Established
In the House - Rereferred to Economic Matters and Appropriations
Summary
The bill establishes the Maryland Growth Initiative inside the Maryland Technology Development Corporation to identify and support companies that are moving from early start‑up development to scaling. It creates a dedicated, non‑expiring fund funded by a $5 million annual state appropriation, private investments, and interest earnings to provide post‑seed and Series A financing, infrastructure, and expert assistance. Priority is given to firms that have received prior state innovation funding or are minority‑owned businesses.
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