Responding to a need for more effective resources for growing technology companies working in the national security space, Anne Arundel Economic Development Corporation (AAEDC) has unveiled its Arundel Defense Tech Toolbox.
The toolbox offers a menu of financing, a workforce development grant and business development consultations specifically aimed at assisting technology companies with gross revenue of less than $5 million and fewer than 100 employees. To access the toolbox, businesses must be located in Anne Arundel County or have a signed lease demonstrating their intent to move into the county. AAEDC is investing $1.2 million to launch the program.
As home to Fort Meade and premier defense agencies such as the National Security Agency (NSA), Defense Information Systems Agency (DISA) and U.S. Cyber Command, Anne Arundel County is the nation’s most prominent government and cyber technology hub. Over the course of several months, AAEDC staff gathered important feedback from technology business leaders on the challenges they face in the federal contracting and commercial markets.
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