The Baltimore Tech Hub, a consortium of 38 regional leaders across the private, public, higher education, and nonprofit sectors, is now competing for between $40 and $70 million in federal funds to supercharge its precision medicine and predictive health sectors. Should the Baltimore region receive this funding, key outcomes could include substantial job creation, capital growth, and economic growth that equitably benefits Baltimoreans.
Mark Anthony Thomas, president and CEO of the Greater Baltimore Committee, joined other designees for the announcement at the White House. The GBC organized the region’s bid, which was developed by a 38-member consortium of business and technology leaders. Read More.
With this designation, the Baltimore region will have access to a share of $10 billion in funding focused on artificial intelligence and biotechnology. Baltimore was able to obtain the designation through a five-month application process organized by the Grater Baltimore Committee. Watch Video.
GBC President & CEO Mark Anthony Thomas introduced President Joe Biden as part of the administration’s announcement that the Baltimore region had officially been designated as a tech hub. Watch Video.
Baltimore City has been named a “Tech Hub” as part of a highly competitive federal program to expand manufacturing across the country, making the city eligible for a slice of hundreds of millions of dollars in funding. Watch Video.
The five-month application bid organized by the Greater Baltimore Committee convened area tech firms, academic institutions, state and local government entities, economic development organizations and workforce development partners around identifying tech related projects that could benefit from federal funding. Read More.
Could Maryland become the center of predictive health care in America? That’s what state officials and business leaders hope with the designation Monday of the Baltimore Tech Hub. The hub is one of 31 designated across the country by the U.S. Department of Commerce. Read More.
Now that Phase 1 has been secured, Chatterjee said the Baltimore consortium is seeking a portion of the $10 billion allocated for Phase 2 funding. A White House press release notes that designees can apply for between $40 million and $70 million in strategy implementation grants in this next phrase; in August, the stated amount available for each designee in Phase 2 was $50 to $75 million. Read More.
Steering Committee Co-Chairs
- LaToya Staten, Director of Impact, Fearless Technologies
- Jeff Cherry, Managing Partner, Conscious Venture Partners, LLC