The Maryland Marketing Partnership, which drives the state's marketing efforts to attract businesses and create jobs, today shared a summary of recent news from companies and organizations investing in the partnership. These developments underscore Maryland's continued growth in top sectors such as energy, technology, real estate, and biopharma.
BGE, Maryland's largest natural gas and electric utility, announced building electrification incentives for residential and commercial customers through existing EmPOWER Maryland programs. These incentives provide financial support for replacing fossil-fueled heating equipment with electric alternatives, advancing Maryland's climate goals. The initiative aims to reduce greenhouse gas emissions from building energy use.
FOVNDRY, a Maryland-based creative agency, has been named Agency of Record for Lincoln Property Company, handling branding and campaign strategy across four service lines. Additionally, FOVNDRY launched the "Together We Make It Happen" campaign for the Universities at Shady Grove, highlighting its impact at the intersection of strategy and creativity.
Howard Hughes Communities welcomed IronCircle, an AI-powered cybersecurity platform, to its office portfolio at Merriweather District in Columbia. The relocation of IronCircle's global headquarters to a 12,000 sq-ft space reaffirms Maryland's commitment to technology and innovation. Read more here.
The Maryland Economic Development Corporation (MEDCO) announced key infrastructure investments, including $200,000 to support improvements at the Crown Cork & Seal redevelopment site in East Baltimore. Led by Cross Street Partners, this 16.9-acre mixed-use project will accommodate industries complementing Baltimore's artistic community. MEDCO has developed 42 industrial parks across Maryland, creating jobs in advanced manufacturing and green energy.
The Montgomery County Economic Development Corporation (MCEDC) continues to support businesses with grants and incentives. Recent milestones include X-energy consolidating offices into a 125,000-square-foot headquarters in Gaithersburg, Liatris opening a manufacturing facility in Rockville, and the Capital Region securing the #3 national ranking among U.S. biopharma clusters.
Peterson Companies announced that The Ruxton, an American steakhouse by Atlas Restaurant Group, will open at National Harbor in late 2026. Other upcoming additions include illy Caffè, Live-K Karaoke, and Nan Xiang Xiao Long Bao, joining over 60 restaurants and shops.
SECU, Maryland's largest credit union, kicks off its sixth annual Kindness Month in October, aiming for one million acts of kindness. Partners include the Greater Baltimore Board of REALTORS® Charitable Foundation and the Alzheimer's Association. Visit secukindness.org to participate.
St. John Properties acquired a three-building, 300,000 square foot office portfolio in Hunt Valley, expanding its Baltimore County footprint. The company will invest in improvements including new HVAC systems and landscaping. More info at www.sjpi.com.
TEDCO, Maryland's venture capital for technology, continues to fuel startups with investments in LePrix, Upling, and AGED Diagnostics. It also announced the selection of Collide Capital for its Venture Capital Limited Partner program and recognized awardees for the 2025 Maryland Makerspace Initiative. Learn more at www.tedcomd.com.
T. Rowe Price announced a strategic collaboration with Goldman Sachs to deliver diversified public and private market solutions for retirement and wealth investors.
The University System of Maryland celebrated Forbes' Best Employers By State ranking, with University of Maryland, College Park (#4), University of Maryland, Baltimore (#6), and Towson University (#17) in the top 20.
