The Maryland Life Sciences Advisory Board (LSAB) was created by the legislature in 2007 to assist in maintaining Maryland’s preeminence in the life sciences industry. Comprised of 18 members, the Board includes the Secretary of the Maryland Department of Commerce, a representative designated by the Maryland Technology Development Corporation (TEDCO), and 16 members appointed by the Governor.
The Center for Innovative Technology (CIT) creates technology-based economic development strategies to accelerate innovation, imagination and the next generation of technology and technology companies. Created in 1985, CIT, a non-profit corporation, plugs gaps at the earliest stages of the Innovation Continuum – commercialization and seed funding – as it helps entrepreneurs launch and grow high-growth technology companies and create high-paying jobs for the future. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology start-up companies and advanced technology consumers. Lastly, CIT builds the infrastructure for new innovation economies with expert broadband strategies.
The Virginia Biotechnology Association, formed in 1992, is the premier statewide non-profit trade association representing the life sciences industry in the Commonwealth of Virginia. More than 200 member organizations have joined forces to make Virginia Bio an effective advocate for the biopharmaceutical and device industries before federal, state and local policy-makers. Virginia Bio is the official state affiliate of the Biotechnology Innovation Organization (BIO), in Washington, D.C.
TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace and to assist in the creation and growth of technology-based businesses in all regions of the State.
TEDCO is an independent organization that strives to be Maryland’s lead source for entrepreneurial business assistance and seed funding for the development of startup companies in Maryland’s innovation economy.
We are a collaborative community that is actively engaged in building strong technology and life science industries by supporting the efforts of our individual members. On December 30, 2016, the Tech Council of Maryland and the Chesapeake Regional Tech Council merged to create the Maryland Tech Council (MTC). We are the largest technology trade association in the state of Maryland with over 600 members and we provide value by giving them a forum to learn, share, and connect. The valuable resources we provide to our members help them reach their full potential as vital members of their communities.
The Secretary of Commerce and Trade oversees the economic, community, and workforce development of the Commonwealth. Each of the 13 Commerce and Trade Agencies actively contributes to Virginia’s economic health and high quality of life.
The Commonwealth of Virginia was founded as a business venture more than 400 years ago, and is blessed with many assets, including, but not limited to:
- Low corporate income tax
- Centrally located – within a 10-hour drive of 60% of the U.S. population
- Only port on the East Coast deep enough to receive post-Panamax ships
- Six major interstate highways
- Fourteen railroads
- Fourteen airports serving Virginia
- Higher education system is 11th largest in the nation
- More than 80,000 graduates in 2013 with associate, bachelor, master, and doctoral degrees
- Over 500,000 students in 2013 enrolled in over 90 in-state institutions of higher education
- 23 community colleges: a community college within 30 miles of every resident in Virginia
- Over 20,000 doctoral scientists and engineers
- Virginia has the highest concentration (1 in 10) of private sector high-tech workers in America for seven years in a row
- 15,000 highly-trained veterans exiting the U.S. military each year in Virginia
- Third lowest unemployment rate east of the Mississippi and lowest unemployment rate in the Southeast
The primary job of the Secretariat of Commerce and Trade is to make sure we utilize these assets to help Virginia sustain its position as the preeminent place to live, work and conduct business.
The Montgomery County Economic Development Corporation (MCEDC) brings a big and bold approach to achieving greater economic competitiveness and prosperity across Montgomery County, MD.
A nonprofit organization with a fresh public/private perspective, entrepreneurial spirit, and proactive approach to economic development, the MCEDC is focused on maximizing Montgomery County’s rich diversity of people, talent, and multitude of workforce and business expertise to keep it at the leading edge of today’s hyper-competitive economic development environment.
Comprised of a highly-inclusive team of 11 on its Board of Directors, the MCEDC is committed to upholding and extending the County’s vibrant community and leveraging the advantages it brings for the future of business across the region.
Whether mapping the human genome, cultivating the epicenter of cybersecurity, engineering solutions for global climate change, or manufacturing critical components for the unmanned, autonomous and sensor community, companies in Maryland excel. Now, let us show you why Maryland is the right choice for you.