The Maryland Technology Development Corp. (TEDCO) generated nearly $1 billion in economic contributions to the state’s economy last year.
TEDCO’s efforts also generated 4,358 jobs, with an average salary of $74,700 — about $11,000 higher than the statewide average.
A study by Batelle, the world’s largest non-profit research and development organization, reports that TEDCO has:
- supported the development of over 325 technology-based businesses;
- funded approximately 650 research projects across the state;
- mentored almost 800 rural companies through its Rural Business Innovation Initiative; and
- presents the annual Entrepreneur Expo, a statewide, day-long celebration of entrepreneurship and innovation that has grown to almost 700 attendees.