Posted January 23, 2020
Baltimore Business Journal: Nine appointed to board overseeing TEDCO investments
Nine people have been appointed to a new board tasked with overseeing investments from the state's Maryland Technology Development Corp., allowing the embattled organization to start investing again.
Gov. Larry Hogan and state leaders announced the members of the Maryland Venture Fund Authority on Thursday, about eight months after TEDCO halted investments in many of its funds following a damaging state audit report. The appointments mean that several TEDCO funds — including the Rural Business Innovation Initiative, Builder Fund, Seed Fund and Maryland Venture Fund — can start investing again after applications were re-opened earlier this month.