Governor Wes Moore, the Maryland Technology Development Corporation, APAC Investment and Innovation Development Association Taiwan, and SangFroid International Capital announced an agreement to unlock up to $50 million in co-investments into Maryland’s innovation economy. The agreement is one of four developing international collaborations featured during TEDCO’s annual entrepreneur expo, where the governor highlighted the Moore-Miller Administration’s work to invest in the state’s lighthouse industries and expand international economic engagement. “Maryland has long been asset-rich, but strategy-poor. This partnership underscores the power of our data-backed competitiveness strategy to drive investment, grow our economy, and unlock Maryland’s potential,” said Gov. Moore. “I thank TEDCO and TAIIDA for coming to the table and making the choice to invest in Maryland’s future. In partnership, we will continue to focus on areas where Maryland is uniquely poised to win, and create new pathways to work, wages, and wealth.” Future co-investments through this partnership will be leveraged by TEDCO to expand entrepreneurial opportunities within the state’s lighthouse sectors. Entities eligible for investment include Taiwanese subsidiaries of Maryland businesses; joint ventures between Maryland and Taiwan-based businesses; and Maryland companies using investment dollars to expand product manufacturing in Taiwan and market expansion in Asia. The agreement also formalizes cross-sector cooperation, […]
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