The Biden-Harris administration recently announced 31 federal tech hubs throughout the United States, which will now be eligible to apply for millions in funding to support the growth of their respective technology industries. The Greater Baltimore Committee along with a consortium of hundreds of tech companies, associations and agencies were awarded this designation as the Baltimore Tech Hub.
Carroll County is represented in the Baltimore Tech Hub consortium and its advisory council by Carroll County Economic Development and Carroll County Commissioner Ed Rothstein, and our county will benefit from the availability of funds that could be used to establish anything from investor tax credits and new grant programs, to workforce development activities, so long as they support the development of predictive healthcare technologies as described in the Baltimore Tech Hub designation — up to $70MM.
While Carroll County doesn’t currently have a density of these types of businesses, we have other incentives like the Westminster Fiber Network, our Opportunity Zone (and multitude of other zones), and the support that MAGIC provides resources to tech entrepreneurs through 1 Million Cups and the Westminster Angel Network that could all help attract these businesses to establish or expand in Carroll County and take advantage of our high quality of life and low cost of living.
This potential influx of AI and healthcare companies would certainly contribute to building up our current tech ecosystem which features several robotics companies, manufacturers and defense contractors. In short, it’s very promising and MAGIC is working closely with other technology ecosystem stakeholders like TEDCO along with Carroll County Economic Development to stay abreast of how our ecosystem will benefit from being within the Baltimore Tech Hub.
