Sparrows Point, Maryland, once home to a thriving steel mill, is poised for redevelopment and job creation, thanks to a new public-private partnership, Lt. Governor Anthony Brown announced following a gathering of stakeholders Thursday.
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.
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.
Catch up on the latest Maryland business news.
Maryland business successes:
- During this year’s third quarter, Maryland companies received $89 million in investments from venture capitalists. Nationwide, this ranks the State 8th for number of deals and 13th in dollars invested, according to the Baltimore Sun.
- Rockville tech company Motionsoft has received a $600,000 investment from the Maryland Venture Fund. Learn more about the round on MDBizNews.
- Four cities in Maryland are listed among the highest tech acquirers since 2012. See which cities made the list on CityBizList Baltimore.
- A new study by WalletHub has ranked Maryland as the third wealthiest State in the country. Additionally, Maryland ranked first place in overall income. Learn all the details on MDBizNews.
- Google has named Annapolis the strongest online business community in Maryland. Read how Annapolis won the eCity title on Google’s Economic Impact page.
- The $200 million proton therapy center at the University of Maryland, Baltimore is well on its way, the Baltimore Business Journal reports. The center will begin treating patients in October 2015.
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.
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.
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.