On February 23, 2023, MACo Legislative Director Kevin Kinnally submitted testimony to the House Ways and Means Committee in SUPPORT of HB 781 – Maryland Technology Development Corporation – Equitech Growth Fund and Commission with amendments.
HB 781 establishes the Equitech Growth Fund and Commission to bolster Maryland’s competitiveness as an innovation economy. Local governments, just like the State, have a vested interest in economic development. Accordingly, MACo is offering an amendment to add a county representative to the Commission.
From the MACo Testimony:
The Commission will guide TEDCO in the development of a comprehensive, long-term strategic plan for Maryland’s innovation economy to become one of the top 10 in the nation. The Fund will leverage Maryland’s diversity, workforce, long-term planning, and strategic investments to ensure Maryland maintains and grows its competitiveness as other states and regions make similar investments in their economies.
The bill aims to advance several goals set forth by state and local leaders, including promoting a more diverse and inclusive economy through a thoughtful and strategic economic development strategy.
The Senate Finance Committee will hear the bill’s cross-file, SB 699, on March 7.
More on MACo’s Advocacy:
Learn more about MACo’s 2023 Legislative Initiatives
Read more General Assembly News on MACo’s Conduit Street blog
