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Maryland Tech Council receives $378,000 federal grant to aid Baltimore County businesses during COVID-19 Posted on
BALTIMORE COUNTY, MD The Maryland Tech Council on Wednesday announced that it will receive a $378,000 federal CARES Act grant to significantly expand its Business Continuity Task Force to assist more entrepreneurs in Baltimore County as they navigate COVID-19’s economic impact.
Awarded by the U.S. Economic Development Administration, the grant enables MTC to expand the task force’s mentoring services to tech and life science businesses in the City of Baltimore, Baltimore County, and Prince George’s County at no cost.
The task force pairs tech and life science executives with experienced mentors who specialize in finance, accounting, engineering, innovation, and founders issues. The goal is to provide these entrepreneurs free and practical advice on leading a business through economic uncertainty from experts who navigated crises like the 2008 rece
2,715,292.0 Since the easing of the lockdown, the company has successfully managed to increase its market share and is now poised to aggressively expand globally, venture into EVs and clock the next 100 million units in production milestone in next 10 years.
“I say this often that we should never waste a crisis,”
Edited excerpts :
Today is a big milestone for you - 100 million production. How do you see the next growth phase?
Today is indeed a big milestone. Not just for us, but also for India and India’s inherent capabilities. We are one of the fastest to achieve the 100 million sales milestone and also the only Indian automotive company to achieve this landmark.
Maryland Tech Council’s Business Continuity Task Force Helps Companies Excel in Uncertain Times
The COVID-19 pandemic has presented no shortage of challenges for Maryland businesses from managing a remote workforce to accessing volatile capital markets. The Maryland Tech Council (MTC) believes local companies can turn these challenges into long-term opportunities.
Just a few months into the COVID-19 pandemic, the
MTC recognized the emerging threats to Maryland businesses by launching its Business Continuity Task Force in May 2020. The Task Force, which features prominent industry life science and tech veterans from the region, is a valuable, free business advisory resource to help Maryland life science and technology executives and entrepreneurs prepare their businesses for a rapidly changing economic landscape.