Small businesses are playing a vital role in the growing cybersecurity industry.

Maryland cybersecurity companies welcomed President Barack Obama’s emphasis on bolstering cyber defense during his State of the Union address.

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Maryland’s economic climate:

MVFEconomic growth is expected to accelerate this year in Maryland and across the United States, according to Mark Zandi, Chief Economist for Moody’s Analytics. Zandi addressed the State’s Senate Budget and Tax Committee in Annapolis this week.

Zandi offered an overall optimistic view of the economy, both at the national and state levels. He agreed with the notion that the national economy finally picked up pace in 2014, with accelerating and consistent growth and rapid employment expansion not seen since the late 1990s. He remarked that this growth is expected to continue and even increase to about 3.5 percent annually during 2015. According to him, this sustaining economic expansion should return the nation back to full employment by 2016.

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Maryland Governor Larry Hogan kicked off his administration with a strong message of economic development.

“Starting today let me say loudly and clearly: Maryland is open for business,” Governor Hogan said during his inaugural address Wednesday in Annapolis.

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Video by Emily Kimball Pope

In one corner, students pounded a vortex machine, sending rings of air catapulting to the ceiling. Across the room, teenagers struck poses in front of an advanced camera to create blueprints for tiny 3-D prints of themselves.

The Digital Harbor Foundation opened the doors of its technological playground to visitors last week during its 2nd Anniversary Showcase. Enthusiastic students, working to become Baltimore’s next generation of tech professionals and entrepreneurs, greeted more than 200 attendees.

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cybertech

Maryland firms will embark on the State’s second cyber trade mission to Israel this March, in conjunction with CYBERTECH 2015 in Tel Aviv.

The international market for cutting-edge cybersecurity technology is hotter than ever—especially in Israel.

Maryland firms will embark on the State’s second cyber trade mission to Israel this March, in conjunction with CYBERTECH 2015 in Tel Aviv. The Maryland Department of Business and Economic Development’s (DBED) cyber development team is inviting companies throughout the State to participate.

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women-owned businessMore than one in four U.S. companies is owned or led by a woman, a recent report by the National Women’s Business Council (NWBC) shows. These female entrepreneurs and business leaders now make up the fastest growing segment of the economy, and their economic impact is reaching unprecedented levels, announced Carla Harris, chair of the NWBC.

“Our hope is to sustain this momentum and build bridges between influencers, institutions, and entrepreneurs so that we can positively impact the business climate for women. The work of the Council is grounded in the belief that women have innovative ideas, that women are strong leaders, and that women are launching businesses that create value and solve problems,” Harris said.

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More than 3 million people attended events commemorating the bicentennial of the War of 1812 and the writing of the Star-Spangled Banner.

When it comes to celebrating our national anthem, Maryland certainly knows how to throw a party.

Between 2012 and 2014, more than 3 million people attended events commemorating the bicentennial of the War of 1812 and the writing of the Star-Spangled Banner. The two-year patriotic festival had an economic impact of $333 million on Maryland’s economy, according to a report by the Maryland War of 1812 Bicentennial Commission and Star- Spangled 200, Inc., within the Maryland Department of Business and Economic Development (DBED).

“The War of 1812 on the Chesapeake and the writing of the Star-Spangled Banner are critical moments in Maryland’s heritage and are part of the thread that blends the fabric of our nation together,” Governor Martin O’Malley said.

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entrepreneursThe new year brings new opportunities for growing your Maryland business. But where do you start? Here are five suggestions. 

Share additional tips and ideas with the Maryland Department of Business and Economic Development (DBED) on Facebook and Twitter @MDBIZ

Take a class

  • A number of organizations across Maryland offer classes and workshops focused on boosting your business know-how. Some are free. Others requires a small fee. Interested in going global? Check out the Export Finance Workshop on Feb. 4, hosted by the U.S. Small Business Administration Baltimore District Office. Looking to increase your profits? Register for Growing Profitable Sales on Feb. 24, hosted by SCORE of Southern Maryland.

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Maryland tourists and travelers spent $15.4 billion on travel expenses in 2013.

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Maryland business successes:

volunteer work

The value of volunteer work is one of many indicators that have contributed to a rise in the overall quality of life of Marylanders.

Overall quality of life—factoring in economic, environmental and social indicators—is on the rise for Marylanders, Governor Martin O’Malley announced Friday.

Maryland’s Genuine Progress Indicator (GPI) was first created in 2009 to measure the impact of 26 factors, ranging from income inequality to the value of volunteer work. In 2013, the overall index increased by 3.27 percent. Economic factors rose nearly 2 percent, while the cost of environmental impacts fell almost 4 percent and social factors increased 3 percent.

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Digital Harbor Foundation's 2014 ShowcaseThe Digital Harbor Foundation (DHF) is training the next generation of technology professionals one student at a time.

It began in January 2013, when DHF took an about-to-be-closed South Baltimore recreation center and put an innovative twist on it. What they created was a tech center—a maker space for Baltimore youth to explore their interests and talents in technology, while receiving the guidance necessary for STEM (Science, Technology, Engineering, and Math) growth.

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