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1
Maryland Department of Commerce
Deputy Secretary
Benjamin H. Wu
2
What is a Commerce Pirate?
“It’s more fun to be a pirate than to join the Navy.” – Steve Jobs
3
DBEDCommerce
• Increased outreach to businesses – both in-
state and across the country.
• Expanded Business Development team.
• Commerce Cabinet - seven state agencies that
connect to the business community.
• New focus on customer service.
4
Maryland’s Rankings
“No matter how you look at it, it’s difficult to characterize the Maryland labor market any other way than
STRONG.” – Andrew Bauer, Senior Regional Economist, Federal Reserve Branch of Richmond
• 7th overall in America’s Top States for
Business 2017 (CNBC)
• Most Innovative State in America (WalletHub)
• 1st in the nation for average income growth
(Bureau of Economic Analysis)
5
What is Commerce?
Secretary of Commerce
Mike Gill
Deputy Secretary of
Commerce Ben Wu
Tourism,
Film & the
Arts
Business &
Industry
Sector
Development
Admin &
Tech
International
Military &
Federal
Affairs
Marketing
&
Comm.
6
Commerce Leadership Team
Marketing &
Comm.
Allison Mayer
Deputy
Secretary Ben
Wu
Admin & Tech
Greg Derwart
Business &
Industry
Steve
Pennington
International
Signe Pringle
Military &
Federal Affairs
Lisa Swoboda
Tourism, Film
& the Arts
Liz
Fitzsimmons
7
Secretary Mike
Gill
Business & Industry Sector
Development
Business & Industry Sector Development
Business Development
Strategic Industries & Entrepreneurship
BioHealth & Life Sciences
Cybersecurity & Aerospace
Finance Programs
8
Commerce Regional Reps
County Commerce Regional Specialist
Harford & Cecil Counties Director William Sorenson – 410.767.6804
Baltimore City Kate Dailey – 410.767.0511
Baltimore County Tim Murphy – 410.767.0512
Calvert, Charles & St. Mary’s Counties Steve Wall – 301.274.9138
Frederick & Carroll Counties Tamar Osterman – 443.902.4487
Garrett, Allegany & Washington Counties Andrew Sargent – 443.447.4999
Anne Arundel Lori Ratzburg – 410.767.6374
Howard County Gina Stewart – 410.867.4546
Montgomery County Carla Merritt – 410.458.2326
Prince George’s County Faye Nwoko – 410.767.6791
Queen Anne’s, Talbot, Caroline & Kent
Counties
Debbie Bowden – 443.718.0094
Wicomico, Worcester, Dorchester &
Somerset
Mindie Burgoyne – 410.718.0094
9
What can Commerce do for you?
• Financing
• Tax Credits
• Training Assistance
• Global Marketing
• Small and Minority-owned Businesses
• More Jobs for Marylanders
10
Financing
• MEDAAF – Maryland Economic
Development Assistance Authority Fund
• Sunny Day – Economic Development
Opportunities Fund
• MIDFA – Maryland Industrial Development
Financing Authority
11
Tax Credits
• Biotechnology Investment Incentive
• Cybersecurity Investment Incentive
• Enterprise Zones
• Job Creation Tax Credit
• One Maryland
• RISE Zone Program
12
Training Assistance
• PWQ – Partnership for Workforce Quality
Helps train works at small and mid-sized
manufacturing and tech companies so they can
learn new skills and become more competitive.
13
Global Marketing
• ExportMD Program – Helps Maryland’s
small and mid-sized companies connect with
international clients.
14
Small & Minority-owned Businesses
• VLT Fund
• Maryland Small Business Development Fund
Authority (MSBDFA)
• Maryland Economic Adjustment Fund
15
More Jobs for Marylanders
• Provides tax incentives to manufacturers who
create jobs.
• Encourages additional investment in new
equipment via accelerated and bonus
depreciation.
• Provides additional incentives in counties with
higher unemployment.
16
Tourism & the Arts Grants
• Maryland State Arts Council (MSAC) Grants
for Programming
• County Cooperative Grant Program
• Maryland’s State Folklife Program
• Arts & Entertainment Districts
• Arts in Education Programs
• Community Arts Development
17
Maryland Marketing Partnership
• Branding strategy for the state.
• Market the state’s assets and attract new
business.
• Partners include:
18
Milestones
125 Years
45 Years
19
20
About the Maryland Department of Commerce

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About the Maryland Department of Commerce

  • 1. 1
  • 2. Maryland Department of Commerce Deputy Secretary Benjamin H. Wu 2
  • 3. What is a Commerce Pirate? “It’s more fun to be a pirate than to join the Navy.” – Steve Jobs 3
  • 4. DBEDCommerce • Increased outreach to businesses – both in- state and across the country. • Expanded Business Development team. • Commerce Cabinet - seven state agencies that connect to the business community. • New focus on customer service. 4
  • 5. Maryland’s Rankings “No matter how you look at it, it’s difficult to characterize the Maryland labor market any other way than STRONG.” – Andrew Bauer, Senior Regional Economist, Federal Reserve Branch of Richmond • 7th overall in America’s Top States for Business 2017 (CNBC) • Most Innovative State in America (WalletHub) • 1st in the nation for average income growth (Bureau of Economic Analysis) 5
  • 6. What is Commerce? Secretary of Commerce Mike Gill Deputy Secretary of Commerce Ben Wu Tourism, Film & the Arts Business & Industry Sector Development Admin & Tech International Military & Federal Affairs Marketing & Comm. 6
  • 7. Commerce Leadership Team Marketing & Comm. Allison Mayer Deputy Secretary Ben Wu Admin & Tech Greg Derwart Business & Industry Steve Pennington International Signe Pringle Military & Federal Affairs Lisa Swoboda Tourism, Film & the Arts Liz Fitzsimmons 7 Secretary Mike Gill
  • 8. Business & Industry Sector Development Business & Industry Sector Development Business Development Strategic Industries & Entrepreneurship BioHealth & Life Sciences Cybersecurity & Aerospace Finance Programs 8
  • 9. Commerce Regional Reps County Commerce Regional Specialist Harford & Cecil Counties Director William Sorenson – 410.767.6804 Baltimore City Kate Dailey – 410.767.0511 Baltimore County Tim Murphy – 410.767.0512 Calvert, Charles & St. Mary’s Counties Steve Wall – 301.274.9138 Frederick & Carroll Counties Tamar Osterman – 443.902.4487 Garrett, Allegany & Washington Counties Andrew Sargent – 443.447.4999 Anne Arundel Lori Ratzburg – 410.767.6374 Howard County Gina Stewart – 410.867.4546 Montgomery County Carla Merritt – 410.458.2326 Prince George’s County Faye Nwoko – 410.767.6791 Queen Anne’s, Talbot, Caroline & Kent Counties Debbie Bowden – 443.718.0094 Wicomico, Worcester, Dorchester & Somerset Mindie Burgoyne – 410.718.0094 9
  • 10. What can Commerce do for you? • Financing • Tax Credits • Training Assistance • Global Marketing • Small and Minority-owned Businesses • More Jobs for Marylanders 10
  • 11. Financing • MEDAAF – Maryland Economic Development Assistance Authority Fund • Sunny Day – Economic Development Opportunities Fund • MIDFA – Maryland Industrial Development Financing Authority 11
  • 12. Tax Credits • Biotechnology Investment Incentive • Cybersecurity Investment Incentive • Enterprise Zones • Job Creation Tax Credit • One Maryland • RISE Zone Program 12
  • 13. Training Assistance • PWQ – Partnership for Workforce Quality Helps train works at small and mid-sized manufacturing and tech companies so they can learn new skills and become more competitive. 13
  • 14. Global Marketing • ExportMD Program – Helps Maryland’s small and mid-sized companies connect with international clients. 14
  • 15. Small & Minority-owned Businesses • VLT Fund • Maryland Small Business Development Fund Authority (MSBDFA) • Maryland Economic Adjustment Fund 15
  • 16. More Jobs for Marylanders • Provides tax incentives to manufacturers who create jobs. • Encourages additional investment in new equipment via accelerated and bonus depreciation. • Provides additional incentives in counties with higher unemployment. 16
  • 17. Tourism & the Arts Grants • Maryland State Arts Council (MSAC) Grants for Programming • County Cooperative Grant Program • Maryland’s State Folklife Program • Arts & Entertainment Districts • Arts in Education Programs • Community Arts Development 17
  • 18. Maryland Marketing Partnership • Branding strategy for the state. • Market the state’s assets and attract new business. • Partners include: 18
  • 20. 20