The Maryland Technology Development Corp. is searching for a firm to assess Maryland’s current economic development strategy and make recommendations to help shape the creation of a possible $500 million fund.
TEDCO issued a request for proposal (RFP) for firms to conduct the study earlier this week. The research will be used by TEDCO to help create draft legislation for the Maryland Equitech Growth Fund, which has a recommended minimum of $500 million worth of public investment over a 10-year period. The study is being done at the behest of the Maryland legislature, which called on TEDCO to create the report.
“We’re nowhere near defining what the fund is going to look like,” TEDCO CEO Troy LeMaile-Stovall said. “This study is going to talk about the need for it, what the investment is going to look like and what that structure could look like.”
Click here to read the rest of the article written by Matt Hooke over at Baltimore Business Journal
