Maryland Tech Council (MTC) received a $378,000 grant through the federal CARES Act to expand its free mentorship services by executives to City of Baltimore, Baltimore County and Prince George’s County.
The program is the Business Continuity Task Force through which entrepreneurs apply and are paired with executives who can use their experience navigating crises like, for instance, the 2008 recession to aid those navigating the economic impact of COVID-19. Before the grant with the U.S. Economic Development Administration, the MTC only had the capacity to assist businesses in the Montgomery County corridor. The grant hasn’t put $378,000 in the MTC coffers but it does allow the organization to reimburse expenses for the expansion to the new areas of Maryland.
“Maryland is a tremendously collaborative environment. That’s why we can get 160 experienced executives to volunteer their time to be mentors to others,” said MTC CEO Marty Rosendale. “It’s that value we can leverage to help other companies succeed and establish stronger industries in the state.”
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