Last week, Governor Wes Moore launched the Build Our Future grant program, a financial resource for innovation infrastructure projects to support eligible technology sectors. Funded at $10 million, the pilot program will provide matching grants of up to $2 million to projects that demonstrate a transformative impact in accelerating growth and innovation in the state’s strategic industry sectors.
“From cybersecurity and manufacturing to quantum and drug discovery, we believe the Build Our Future pilot program will grow our innovative industries throughout the state,” said Governor Moore. “While building a more competitive and equitable Maryland, we need to ensure we’re looking toward the jobs of the future and supporting the progressive technology sectors. This program will help us invest in the tech-advanced facilities that tomorrow’s workforce depends on.”
Administered by the Maryland Department of Commerce, the program was established through The Innovation Economy Infrastructure Act of 2023 during this year’s legislative session as a critical piece of the governor’s plan to bridge the gap between vision and success in Maryland.
MACo supported the bill, as the bill provides counties and other public and private entities with grants to build out specified infrastructure or provide specialized training to attract high-growth, technology-focused industries. Eligible projects include cyber ranges, prototype manufacturing centers, research spaces, sensitive compartmented information facilities, and wet laboratories.
“We’re proud to be leading the charge behind the state’s new Build Our Future program,” said Maryland Department of Commerce Secretary Kevin Anderson. “These grants will help some of our biggest innovators expand their efforts and keep doing what they do best: pioneer new ideas and products and grow Maryland’s impressive innovation ecosystem.”
Applicants must be in good standing with the state through the Department of Assessments and Taxation. Incomplete submissions will not be considered. Applications will be accepted starting October 16, with an informational webinar on October 19.
Additional details, including webinar registration and eligibility terms, will be posted on the Commerce website.
