Area businesses may be eligible for free business mentoring and technical assistance from the Maryland Technology Development Corporation (TEDCO). TEDCO has a strong record of supporting early stage companies with an aim to help both businesses and local economies grow. TEDCO’s Rural Business Innovation Initiative (RBI²) offers professional mentoring and targeted projects to support businesses in various aspects of product development at no cost to the company. To qualify, a firm must be involved in developing new products or use technology to create or expand their business. It must also have no more than 16 employees, annual revenues of $1 million or less and be in “good standing” with Maryland’s Department of Assessments and Taxation. Professional assistance is provided to most industries, including agriculture, aquaculture, construction, consumer products, energy, healthcare, information technology and manufacturing. Small businesses and start-ups in St. Mary’s, Calvert and Charles counties are encouraged to contact Southern Maryland’s RBI2 representative, Angela Singleton, by email at asingleton@tedco.md or by phone at 410-941-9111.
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