SB 763

Maryland Technology Development Corporation - Maryland Growth Initiative - Established

Sponsor: Guy Guzzone (District 13)Committee: FinanceSubject: Economic DevelopmentStatus: Approved by the Governor - Chapter 381 (as of Sep 4, 2026)

What this bill does

Official synopsis

Establishing the Maryland Growth Initiative in the Maryland Technology Development Corporation to support the growth of start-up companies; requiring the Initiative to create a certain list of companies in the State that are between certain growth phases according to a certain priority; establishing the Maryland Growth Initiative Fund to be administered by the Corporation as a special, nonlapsing fund; requiring the Governor to include in the annual budget an appropriation of $5,000,000 for the Initiative; etc.

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Testimony (36)

MGA witness list

FAV 32FavorableFWA 1Favorable with amendmentsUNF 3Unfavorable

Position	Witness	Organization	Testimony
FAV	Walker, Steven	Cellandtech Group, LLC	Written (PDF)
FAV	Walker, Steven	Cellandtech Group, LLC	Written (PDF)
FAV	Thielke, Mike	Eastern Shore Entrepreneurship Center	Written (PDF)
FAV	Diaz Schneider, Jorge	ION Storage Systems	Oral + Written (PDF)
FAV	Diaz Schneider, Jorge	ION Storage Systems	Oral + Written (PDF)
FAV	Sidh, Sameerlobbyist	Johns Hopkins University and Medicine	Written (PDF)
FAV	Sidh, Sameerlobbyist	Johns Hopkins University and Medicine	Written (PDF)
FAV	Jabin, Drew	Maryland Association of Community Colleges	Written (PDF)
FAV	Jabin, Drew	Maryland Association of Community Colleges	Written (PDF)
FAV	Richards, Evanlobbyist	Maryland Bankers Association	Written (PDF)
FAV	Allen, Hannahlobbyist	Maryland Chamber of Commerce	Written (PDF)
FAV	Allen, Hannahlobbyist	Maryland Chamber of Commerce	Written (PDF)
FAV	Al-Adhami, Mustafa	Maryland Innovation Initiative	Oral
FAV	Al-Adhami, Mustafa	Maryland Innovation Initiative	Oral
FAV	Motayed, Abhishek	N5 Sensors Inc	Oral
FAV	Motayed, Abhishek	N5 Sensors Inc	Oral
FAV	Perrow, Wendy	Princeton Capital Advisors	Written (PDF)
FAV	Perrow, Wendy	Princeton Capital Advisors	Written (PDF)
FAV	Modali, Rama	REPROCELL USA	Written (PDF)
FAV	Galiazzo, Michael	Regional Manufacturing Institute of Maryland	Written (PDF)
FAV	LeMaile-Stovall, Troy	TEDCO	Oral + Written (PDF)
FAV	LeMaile-Stovall, Troy	TEDCO	Oral + Written (PDF)
FAV	Kulshreshtha, Abishek	TEDCO, Maryland Innovation Initiative	Written (PDF)
FAV	Lewis, Jazz	The University of Maryland, College Park	Written (PDF)
FAV	Steiner, Dr. Karl V.	UMBC	Written (PDF)
FAV	Barnes, Joshua	Individual	Oral
FAV	Clark, Andy	Individual	Written (PDF)
FAV	Clark, Andy	Individual	Written (PDF)
FAV	Senator Guzzone, Senator Guzzonelegislator	Individual	Oral
FAV	Senator Guzzone, Senator Guzzonelegislator	Individual	Oral
FAV	Vetter, Drew	Individual	Written (PDF)
FAV	Vetter, Drew	Individual	Written (PDF)
UNF	Price, Suzanne	Concerned Citizen	Position only
UNF	Hamilton, Rebecca	Individual	Position only
UNF	Mauer, William	Individual	Position only
FWA	Chang, Stephen	Cell One Partners	Oral + Written (PDF)