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Serving Local, Expanding Opportunity: Howard County's Economic Evolution
Howard County Executive Calvin Ball's FY25 budget of $2.4 billion was unanimously approved by the County Council. This signifies significant investments in Howard County and comes with no tax rate increase for residents.
Congratulations to MIC resident, Beyond Commissions who recently secured investment from TEDCO, transforming financial technology. We are grateful to be a part of their journey, supporting our community.
Our team has been actively engaging with the community, connecting with business owners, participating in ribbon cuttings, and collaborating on essential events like the recent Business Disaster Preparedness Workshop and Maryland Export Day. Whether it's on a local or global scale, count on us to be there for you.
Sincerely,
Jennifer Jones, CEO |
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Breaking Records: Howard County's FY25 Budget Boosts
Education, Healthcare and Public Safety |
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Howard County Executive Calvin Ball's FY25 budget of $2.4 billion, unanimously approved by the County Council, signifies significant investments. Key allocations include $1.15 billion for schools, $5 million for healthcare expansion, $13.1 million for police, and over $1 million for business development. Additionally, environmental initiatives secure $1 million in funding. These allowances and fiscal responsibility prevail with no tax rate increase for Howard County residents. For further details, visit the Howard County Government website. |
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Maryland Innovation Center Resident Lands TEDCO Investment |
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Beyond Commissions, MIC resident and leader in developing financial operations technology, is proud to announce a significant investment from TEDCO. This strategic investment will accelerate the company's mission to transform the commission accounting process across the life insurance and financial industries, eliminating the reliance on manual labor for commission processing.
Beyond Commissions has been at the forefront of technology integration, offering customized, innovative solutions for enterprise-level organizations and a comprehensive software suite for smaller agencies. This partnership with TEDCO marks a pivotal step in the companies commitment to improving accuracy, efficiency and reliability in commission accounting—a critical pain point that can lead to delays in payouts and potential compliance issues. |
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Innovation Summit: Envision, Innovate, Transform |
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Embark on a transformative journey at the 2024 Howard County Innovation Summit. Join County Executive Calvin Ball and industry leaders at the Applied Physics Lab for a groundbreaking event that ignites creativity, fosters collaboration and drives transformation.
Date and time:
Tuesday, June 4 · 8am - 3:30pm EDT
Location:
Johns Hopkins University Applied Physics Laboratory
11100 Johns Hopkins Road Laurel, MD 20723
What to Expect:
- Strategy Talks
- Interactive Learning Sessions
- Valuable Networking Opportunities
Be among the first to witness the next chapter in Howard County’s evolution. Space is limited. Secure your spot now! |
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Expanding Horizons on Maryland Export Day |
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On May 25th, we attended Maryland Export Day, organized by the Maryland/Washington D.C. District Export Councils (MD/D.C. DEC) to celebrate and highlight the significance of exporting for Maryland's economy. Howard County is broadening its horizons, attracting international businesses and fostering global trade.
This year’s event featured a spotlight on export successes in the African market, with distinguished speakers including Ambassador Aisha Dewa, Minister for Trade and Investment from the Embassy of Nigeria. Other notable participants included Kendee Yamaguchi, Deputy Assistant Secretary for U.S. Field, U.S. Commercial Service, Kevin Anderson, Maryland Secretary of Commerce and U.S. Department of Commerce specialists who discussed exporting to Nigeria, Morocco, Egypt, Ghana and South Africa.
Thank you to MD/D.C. DEC and all the participants for making this event a success. We look forward to seeing Maryland’s continued success on the global stage. |
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Spotlighting our Creative Entrepreneurs |
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Each week, we will feature an artist in our Accelerator space. Anna Child, a South Carolina-born artist based in Baltimore, MD, is known for her multilayered abstract paintings. Her work combines observation-based charcoal drawings, memory and cutouts to create dynamic, previously unknowable images. A Penland School of Crafts Core Fellow from 2005 to 2007, Child studied painting at the New York Studio School and Maryland Institute College of Art. In 2024, she received a Maryland State Arts Council grant and will be an Artist In Residence at Byrdcliffe Artist Colony this summer and Vermont Studio Center in the fall. |
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Preparing for the Unexpected:
Highlights from the Business Disaster Preparedness Workshop |
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For the Business Disaster Preparedness Workshop, led by the Maryland Insurance Administration, we partnered with the Office of Emergency Management to offer valuable advice to businesses on leveraging insurance to recover from unforeseen disasters. Participants gained a better understanding of various insurance types, assessing current coverage and strategies for maximizing insurance benefits. Key topics included documenting assets, expediting claims and effective communication with insurance providers. |
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Recent Highlights: What You Need to Know |
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Help Redesign the Howard County Flag! Read More
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The new Savage Mill Farmers Market opens May 29th at 3:30 p.m. Read More
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Join I95 Business for their upcoming Italian Garden Party on May 30th. Read More
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Queen Takes Book has added nearly 1000 books to their shelves since opening in Columbia. Read More
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| Howard County Economic Development Authority, 6751 Columbia Gateway Drive Suite 500, Columbia, United States 21046, United States |
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