TEDCO’s Maryland Innovation Initiative accelerates technologies from bench to market

Tedco logo
In the eight years since its launch, MII has disbursed $39M, de-risked 252 unique technologies and created 102 start-ups.
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M&T Bank customers secure nearly $7 Billion in Paycheck Protection Program funding to-date

M&T Bank Corporation (M&T) announced May 13, that to-date 32,273 of its customers have received approval for a total of nearly $7.0 billion in funding through the Paycheck Protection Program (PPP).
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M&T donates $200,000 to Maryland and Capital Area food banks

M&T Bank will contribute $200,000 to the Maryland Food Bank and Capital Area Food Bank to help the region’s two largest hunger relief organizations purchase and distribute food to those impacted by the coronavirus outbreak and related economic crisis throughout Maryland and Greater Washington.
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TEDCO’s Seed Fund Invests $200K in NewConnect, LLC

TEDCO, Maryland’s economic engine for technology companies, announced April 29 that NewConnect, LLC, a Bethesda-based provider of high speed internet access to commercial buildings and enterprises, received a $200,000 investment from its Seed Fund.   
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The Daily Record: Cardin, Van Hollen: New PPP funding unlikely to be the last

Maryland’s two U.S. senators said April 22,  that a second round of funding for the Paycheck Protection Program will help businesses unable to secure loans before the previous funding dried up and that more stimulus measures are expected as the nation battles the COVID-19 pandemic.
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CareFirst accelerates over $170M in payments and other support to healthcare providers

CareFirst BlueCross BlueShield will offer a new accelerated payment program to an array of healthcare providers experiencing financial strain due to the COVID-19 pandemic.
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Baltimore Sun: Gov. Hogan issues stay-at-home order for Maryland to stop spread of the coronavirus

Marylanders may only leave their homes for essential work or urgent medical care, to get food or prescriptions or for other “absolutely necessary” reasons, Gov. Larry Hogan said March 30  under a new “stay-at-home” directive to stop the spread of the coronavirus.
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BBJ: ‘This session has been stressing me out’: Md.’s General Assembly adjourns with mixed results for businesses

The General Assembly adjourned March 18, bringing to an end a legislative session that saw the passage of a sweeping public education reform bill but also new taxes that will affect businesses across the state.
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Baltimore Sun: Baltimore-area buses break down more than in most other cities, partly because the MTA forgot to buy new ones

MTA bus
State-run buses in Baltimore break down about six times more frequently than buses in St. Louis or Denver.
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BBJ: GBC’s Fry calls on Maryland General Assembly to OK $375M Pimlico deal

Editor’s note: The following op-ed appeared on the Baltimore Business Journal’s website on Feb. 5, 2020. By Donald C. Fry For more than 140 years, Baltimore has proudly hosted the annual Preakness Stakes, the second jewel of the esteemed Triple Crown, at the historic Pimlico Race Track. As business and...
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