The Maryland Technology Development Corp. will receive $500,000 in state funding during fiscal 2015 to operate its well-received Rural Business Innovation Initiative program. Previously, RBI2 had been funded at a lower level through federal dollars or directly by TEDCO.
The new investment by the state will enable TEDCO to enhance the mentoring and business assistance offerings in rural Maryland and serve more startup businesses than in the past, according to a TEDCO news release.
