Maryland Technology Development Corporation - Maryland Growth Initiative - Established

Summary

The bill establishes a Maryland Growth Initiative within the Maryland Technology Development Corporation to help start‑up companies move from early development to scaling. It creates a special, non‑lapsing fund funded by a $5 million annual state appropriation plus private investments, and directs the initiative to provide expertise, infrastructure, and investment facilitation. The initiative prioritizes firms that have received prior state funding or are minority‑owned.

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