Archives For DBED


Governor Larry Hogan visited the Maryland Department of Business and Economic Development on Feb. 9.

joyce photoJoyce La Padula, DBED’s Manufacturing Program Manager, has been named to the Maryland World Class Consortia (MWCC) Board of Directors.

In her current DBED role, Joyce collaborates with industry stakeholders, trade associations and educational institutions, while facilitating the growth and creation of partnerships throughout the state.

“Congratulations to Joyce on being named to the Maryland World Class Consortia Board,” said DBED Secretary Mike Gill. “Joyce’s years of experience and industry knowledge will be a tremendous asset to the Board.” Continue Reading…

hgramm headshotHeather Gramm, DBED’s Director of Regional Growth and Retention, has been named a winner in the “40 Under 40” awards—the only awards to recognize young, talented economic development professionals and their contributions to the industry.

“We are incredibly proud of Heather’s recognition as one of the rising stars of economic development,” said DBED Secretary Mike Gill. “Heather has a tremendous depth and breadth of knowledge from her years working directly with companies on attraction and retention projects, and we are fortunate to have her on our DBED team.” Continue Reading…

Ben Wu resizedBenjamin H. Wu has been named the new Deputy Secretary of the Maryland Department of Business and Economic Development, Governor Larry Hogan and DBED Secretary Mike Gill announced today.

A former DBED employee, Wu is among the first Cabinet deputies to be named to the Hogan administration. He will act as Chief Operating Officer, responsible for overseeing the Department’s charge of attracting companies to the State, as well as working with in-state companies to help them expand and add jobs, while connecting them to partners and resources. Continue Reading…

Business owners aren’t the only ones gearing up for the 2015 InvestMaryland Challenge. Judges are also hard at work preparing to evaluate and mentor early-stage companies competing for more than $600,000 in prizes.

In advance of the Challenge’s Dec. 12 application deadline, the Maryland Department of Business and Economic Development (DBED) hosted a Judges Forum. Judges include an array of investors, successful serial entrepreneurs, executives, consultants and other members of Maryland’s startup community. DBED praised the group for volunteering their time and provided training.

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How would an extra $100,000 change the way you do business? You could find out by applying to the 2015 InvestMaryland Challenge. But keep in mind—applications are due by Dec. 12, 2014.

Now in its third year, the Maryland Department of Business and Economic Development‘s (DBED) InvestMaryland Challenge seeks to showcase and grow the State’s thriving start-up community. Winning companies in four categories—Information Technology, Defense and Security, Life Sciences, and Sustainability and Exploration—will each receive $100,000 grants.

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Wherever you operate a business in Maryland, a dedicated regional business development representative is available to assist.

This team of eight hardworking women and men at the Maryland Department of Business and Economic Development (DBED) supports job creation through business retention and expansion, and also make resource connections.

Representatives work closely with local economic development partners on business expansion and retention projects. They develop relationships with in-State businesses and provide one-on-one assistance on regulatory issues, financing, business development and workforce and connect them to state and federal resources.

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The Maryland Department of Business and Economic Development’s (DBED) tax credit programs spur job creation and investment in infrastructure, support start-up and early stage companies and encourage research and development.

Mark Vulcan, Program Manager of DBED Tax Incentives, provides an overview of DBED’s tax credits in the above video.

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DBED Secretary Dominick Murray and HSA Executive Director Ida Haisma sign an MOU partnering the Netherlands and the State of Maryland.

DBED Secretary Dominick Murray and HSD Executive Director Ida Haisma sign an MOU partnering the Netherlands and the State of Maryland.

The 2014 CyberMaryland Conference is helping to forge relationships between cybersecurity leadership from around the world.

On Thursday, Europe’s largest security cluster signed a Memorandum of Understanding with the Maryland Department of Business and Economic Development (DBED), which hosts the conference.

The Hague Security Delta (HSD) of The Netherlands agreed to join Maryland in using science and technology to increase security and stimulate economic development. The three-year partnership will encourage trade, investment, research and development, and commercialization opportunities.

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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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The InvestMaryland Challenge is back. In its third year, the State-sponsored competition will again award $100,000 prizes to Maryland’s top early-stage businesses, Governor Martin O’Malley, Lt. Governor Anthony Brown and Maryland Department of Business and Economic Development (DBED) Secretary Dominick Murray announced Wednesday.

The 2015 InvestMaryland Challenge will launch four new categories—Information Technology; Defense and Security; Life Sciences; and Sustainability and Exploration—making the contest more inclusive than ever. Grand prize category winners will each receive $100,000 grants. Applicants are also eligible to win other prizes, including cash grants, incubator space, marketing and legal services, and opportunities to pitch investors. All applicants will have opportunities to network with fellow entrepreneurs, judges, potential customers and partners.

Past winners have experienced rapid growth after completing the Challenge. Frederick-based Luminal, a grand prize winner in 2014, raised $10 million in additional investment and tripled the size of their staff. Likewise, North East-based i-Lighting, a grand prize winner in 2013, doubled the size of their facility, doubled their staff and launched several new product lines.

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Diversified Packaging Products, Inc. is based in Queen Anne’s County, Maryland.

A veteran-owned company has received a helping hand from the Maryland Department of Business and Economic Development (DBED) through a $20,000 interest-free loan, DBED Secretary Dominick Murray announced Monday.

The loan was awarded to Grasonville-based Diversified Packaging Products, Inc., an Eastern Shore wholesale distributor that supplies barware and beverage accessories. The Military Personnel and Veteran-Owned Small Business No-Interest Loan Program is administered by DBED in consultation with the Maryland Department of Veterans Affairs (MDVA).

The company plans to use the funds to help the company finance equipment upgrades, including a new server, information management system and desktop computers. These are important components of the company’s ongoing expansion, according to James McCrea, a former captain in the United States Air Force. He and Mary Ellen McCrea founded the Diversified Packaging Products nearly 30 years ago, selling their original beer and wine gift boxes throughout the United States and internationally. They have recently expanded their product line to include various barware supplies and customizable accessories for the beverage industry.

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