LaToya Staten is Program Manager of Cyber Development and CyberMaryland programs within the Maryland Department of Business and Economic Development.

LaToya Staten is Program Manager of Cyber Development and CyberMaryland programs within the Maryland Department of Business and Economic Development.

October 2014

Cyber Pulse: Insights on cybersecurity in Maryland

LaToya Staten is Program Manager of Cyber Development within the Maryland Department of Business and Economic Development.

There’s still time to register for the 2014 CyberMaryland Conference, Oct. 29-30. Find details here

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Nina Lamba is Senior Program Manager of the BioMaryland Center within the Maryland Department of Business and Economic Development.

Nina Lamba is Senior Program Manager of the BioMaryland Center within the Maryland Department of Business and Economic Development.

October 2014

Bio Pulse: Insights on life sciences in Maryland

Nina Lamba is Senior Program Manager of the BioMaryland Center within the Maryland Department of Business and Economic Development.

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Roughly two years ago, two friends from the University of Maryland, College Park set out to develop a new 3D printer, small, affordable and stylish enough to attract the average consumer.

Michael Armani and David Jones co-founded M3D and watched their vision rapidly materialize. Following extensive press coverage and a Kickstarter campaign that raised $3.4 million (well above its $50,000 goal), the company finalized its signature Micro Motion Technology, which powers the device.

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Find additional coverage, celebrating the State’s industrial heritage and today’s innovators, during Maryland Manufacturing Month.

Zentech Manufacturing is no stranger to the ever-changing manufacturing industry in Maryland. The contract electronics manufacturer formed in 1998 and settled its operations in Windsor Mill in Baltimore County, where it still resides today.

The company produces components, assemblies, and finished goods for its customers while supporting a wide range of industries in the State – including medical, military and defense, aerospace, broadband, and networking and telecommunications.

Zentech also provides high-speed and precise printed circuit board (PCB) assembly, helping operate nearly all types of electronic products on the market.

Take a look inside Zentech’s 42,000 square-foot facility in the above video.

IMC awards

The InvestMaryland Challenge returns for its third year. Applications are due by December 12th!

Catch up on the latest Maryland business news.

Maryland business successes:

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Find additional coverage, celebrating the State’s industrial heritage and today’s innovators, during Maryland Manufacturing Month. 

From crab pots to advanced telecommunications components, Harford Systems, Inc. produces a diverse selection of custom manufactured metal products.

But despite its massive facility filled with machinery, Harford Systems president Ralph Ahrens claims it’s the employees who really power the company.

Learn more about this enduring Maryland manufacturer in the above video.

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Motionsoft’s management software provides solutions for the wellness industry. Photo courtesy of Motionsoft.

The Maryland Venture Fund (MVF) has invested $600,000 in Rockville-based Motionsoft, a leading provider of management software to gyms and fitness clubs.

The investment comes as part of a $10 million Series B investment round led by Route 66 Ventures and included Edison Ventures as a co-investor. The State of Maryland’s investment is part of a multifaceted effort led by Governor Martin O’Malley to stimulate growth and job creation among high-tech startup companies in Maryland.

“Today’s investment is part of our focus on innovation — we are committed to supporting our entrepreneurs, innovators, startup companies and small businesses like Motionsoft because, in addition to being the future leaders of our economy, they are creating the jobs of today and tomorrow,” said Governor O’Malley.

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PA industrial park Somerset County is expanding broadband service with help from a $65,000 grant from the Maryland Department of Business and Economic Development (DBED), Lt. Governor Anthony Brown today announced.

The funding, provided by DBED’s Maryland Economic Development Assistance Authority and Fund (MEDAAF), will be used to install fiber optics throughout the Princess Anne Industrial Park.

The U.S. Department of Agriculture (USDA) will assist with the broadband expansion by contributing $137,000. The Maryland Broadband Cooperative will supervise the installation while providing labor, equipment, materials and testing throughout the park.

“Investments in broadband expansion translate into additional opportunities for Marylanders and continued economic growth,” said Lt. Governor Brown. “We’re committed to making investments like this one a priority to ensure cyber infrastructure is in place and available to businesses and Maryland families in every part of our state.” Continue Reading…

Maryland, the nation’s epicenter for cybersecurity, will host the fourth annual CyberMaryland Conference, Oct. 29-30, at the Baltimore Convention Center.

Local, national and international entrepreneurs, investors, academics, students, enterprises and government officials will gather to discuss the “business of cyber,” according to Jeffrey Wells, Executive Director of Cyber Development within the Maryland Department of Business and Economic Development.

Find additional details and registration information here.

Ever wonder which states are considered the richest or poorest? According to a new report, Maryland is considered one of the top.

A new study by WalletHub.com – a social media company aimed at encouraging customers to make smarter financial decisions – has ranked Maryland as the third wealthiest state. Overall, Washington, DC and New Jersey tied for first place, while Connecticut tied for third.

WalletHub ranks 2014's richest and poorest states. Photo courtesy of WalletHub.

WalletHub ranks 2014′s richest and poorest states. Photo courtesy of WalletHub.

WalletHub researched three key statistics, taken from the U.S. Bureau of Economic Analysis, the U.S. Census Bureau, and the U.S. Internal Revenue Service to determine the rankings. In addition to ranking third wealthiest overall, Maryland placed first in “income,” 11th in “GDP per capita,” and 14th in “federal taxes paid per capita.”

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Cidalia Luis-Akbar and Natalia Luis, sisters and co-owners of Rockville-based M. Luis, announce their plans to scale Mount Kilimanjaro to benefit Children's National Medical Center.

Cidalia Luis-Akbar and Natalia Luis, sisters and co-owners of Rockville-based M. Luis, announce their plans to scale Mount Kilimanjaro to benefit Children’s National Medical Center.

The past 12 years have thrown a series of challenges in the path of Cidalia Luis-Akbar and Natalia Luis, sisters and co-owners of Rockville-based M. Luis, a regionally recognized asphalt manufacturer and construction services company.

In 2002, after five failed in-utero surgeries, Cidalia lost her first son. The family also found themselves steeped in hospital bills after they were unable to find appropriate care within their insurance network from a local facility. Cidalia would later battle and survive cancer before successfully giving birth to a daughter in 2009. While the family celebrated her birth, the financial crash brought a drastic decrease in demand for the company’s construction services. Against the odds, the company has survived and even thrived, though it continues to confront a lagging market.

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manufacturing photoFind additional coverage, celebrating the State’s industrial heritage and today’s innovators, during Maryland Manufacturing Month. 

Amid the recent release of the Maryland Advanced Manufacturing Survey and today’s first-ever Baltimore Manufacturing Forum, the industry is preparing for a resurgence throughout the State.

Survey results show that more than 60 percent of Maryland manufacturers anticipate an increase in sales within the next 12 months.

According to Maryland Department of Business and Economic Development (DBED) Secretary Dominick Murray, “The face of manufacturing is changing in Maryland, but the industry is–and has always been–a pillar of Maryland’s economy.”

The State now has a ”roadmap for moving the industry forward,” he said.

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