On March 3, Executive Director Michael Sanderson delivered in-person testimony on behalf of Karrington Anderson to the Economic Matters Committee in support of HB 1473 – Economic Development – Maryland’s Future Board – Establishment.
This bill establishes the Maryland’s Future Board within the Department of Commerce and creates the Maryland’s Future Fund to support implementation of a long-term, visionary economic development strategy.
As Maryland continues to compete in an increasingly dynamic federal and global economy, long-term strategy and coordinated investment are essential to sustained growth. By bringing together leaders from business, labor, academia, nonprofit organizations, and the arts, the bill seeks to craft a visionary plan that reflects the diverse strengths and needs of Maryland’s regions. Local governments, who are often on the front lines of economic growth and innovation, view this coordinated statewide approach as a proactive step toward strengthening competitiveness, leveraging strategic investments, and ensuring long-term economic resilience.
Counties strongly support forward-looking, coordinated approaches toeconomic development. HB 1473 establishes the Maryland’s Future Board and charges it with developing, evaluating, and revising a comprehensive “visionary plan” to guide the State’s long-term economic trajectory.
