www.baltimoresun.com/business/bs-bz-maryland-advance-20130520,0,5049789.story

baltimoresun.com

State, economic group launch program to help companies to grow

Advance Maryland to assist state's second-stage companies

By Eileen Ambrose, The Baltimore Sun

1:54 PM EDT, May 20, 2013

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The Economic Alliance of Greater Baltimore and the Maryland Department of Business of Economic Development announced Monday that they created a new program to help companies that have moved beyond the start-up phase to continue to grow.

Advance Maryland is designed to assist these companies with developing markets, fine-tuning their business models and boosting growth with the help of a research specialist. Similar models have been adopted in other states, the groups said.

"Maryland has a plethora of organizations and resources devoted to the start-up community, but we are limited when it comes to resources for second-stage companies," said Jen Gunner, the alliance's chief operating officer and co-program manager of Advance Maryland, in a statement. "The statistics shows how essential it is to recognize these companies and make the necessary tools available to support their growth."

The program will run about a month or so, and the initial launch will assist about a half dozen companies. Companies can apply online at the EAGB's website at http://www.greaterbaltimore.org.