On February 23, 2023, MACo Legislative Director Kevin Kinnally filed testimony before the House Ways and Means Committee in SUPPORTT of HB 781 – Maryland Technology Development Corporation – Equitech Growth Fund and Commission with changes.
HB 781 establishes the Equitech Growth Fund and Commission to strengthen Maryland’s competitiveness as an innovative economy. Local governments, like the state, have a vested interest in economic development. Accordingly, MACo is offering an amendment to add a district representative to the commission.
From the MACo certificate:
The commission will guide TEDCO in developing a comprehensive, long-term strategic plan to place Maryland’s innovation economy in 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 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 Cross Act of the bill, SB 699, on March 7th.
More on MACo advocacy:
Follow MACo’s lobbying efforts during the 2023 legislature in MACo’s Legislative Tracking Database
Find out more about MACo’s 2023 legislative initiatives
For more AGM news, visit MACo’s Conduit Street blog
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