Unlimited Access. Try it Today! Your First 10 Days Always $0.99

Topics

LIVE COVERAGE
Economic Policy
Md. lures software firm Salsa Labs with $1 million investment
Md. lures software firm Salsa Labs with $1 million investment

A $1 million investment from a state economic development fund, which officials called the largest in the fund's history, is luring software company Salsa Labs and its 50 employees to Maryland. Salsa, which helps nonprofits carry out online fundraising campaigns, gained the backing of the Maryland Venture Fund as part of a $5 million round of investment led by New Jersey-based Edison Ventures, state economic development officials said Thursday. The company will move from offices in Virginia and Washington to a new facility in Prince George's, Montgomery or Frederick County, CEO Scott Stouffer said. Executives had been looking to bring those employees together at one location, and...

Loading

52°