Become a digitalPLUS subscriber. 99¢ for 4 weeks.
Business

State, economic group launch program to help companies to grow

Startups

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.

Copyright © 2014, The Baltimore Sun
Related Content
Startups
Comments
Loading