Investigation clears ‘self-dealing’ allegation
April 21, 2021 | 10:36 am
April 21, 2021
After investigating an allegation that the Montgomery County Economic Development Corporation violated a sponsorship policy, the county’s inspector general found that the $20,000 sponsorship was allowable.
In November, the Office of the Inspector General received an allegation that MCEDC was “self-dealing.” The allegation was that the corporation approved a $20,000 sponsorship that a board member requested in 2019 to support a venture they operate.
The complainant also claimed that the former MCEDC CEO was inappropriately given $100,000 in a compensation package to buy a home.
In a report released on Tuesday, the OIG found that the specific sponsorship in the complaint was allowable under policy, but the organization did not always follow policy when considering board member-related sponsorship requests.
D C economy silver lining: Pandemic triggers booms in region?s biotech, data center industries washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
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
Katz Hosts Business and Economic Development Briefing Friday | Montgomery Community Media mymcmedia.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mymcmedia.org Daily Mail and Mail on Sunday newspapers.
» Inaugural ‘Bio Boot Camp’ Classes Graduate from Montgomery College as Part of Innovative Montgomery County Workforce Initiative
March 15, 2021
Press Release originally sent by Montgomery County Government.
Montgomery College and the Universities at Shady Grove (USG), in conjunction with the University of Maryland, Baltimore County (UMBC), have completed two intensive pilot training programs designed to create a skilled talent pipeline to support the life sciences sector in Montgomery County. The four-week “Bio Boot Camp” program a public-private effort announced in November 2020 was created to help kickstart recovery from the COVID-19 health crisis.
The pilot programs offered 22 participants opportunities for in-person learning experiences at each campus, commencing while both locations were closed for winter break. Plans are underway to identify additional resources and candidates to expand the program in the coming year.