Governor Moore Announces Second Round of Build Our Future Grants to Make Maryland More Competitive
BALTIMORE, MD (August 26, 2024) – Governor Wes Moore today announced that new applications are being accepted for the Build Our Future grant program, a financial resource for innovation infrastructure projects to support eligible technology sectors. Funded at $7 million, the program will provide matching grants of up to $2 million to projects that demonstrate a transformative impact in accelerating growth and innovation in the state’s strategic industry sectors.
“Building a more competitive economy means Maryland must invest in the strategic industries and advanced technology that tomorrow’s workforce will rely on,” said Gov. Moore. “This next round of grant funding will continue to strengthen and enhance our innovation economy and help make this Maryland’s decade.”
Administered by the Maryland Department of Commerce, the program was established through The Innovation Economy Infrastructure Act of 2023 as a key piece of the governor’s plan to bridge the gap between vision and economic growth in Maryland. Eleven projects received approval for Build Our Future grants in June.
“The Build Our Future program is one of the most exciting tools in Maryland’s economic development toolbox,” said Maryland Department of Commerce Secretary Kevin Anderson. “Our first round of grants supported cutting-edge projects spanning a wide range of industry sectors, and we’re thrilled to see what’s in store for Round Two.”
Grants may be awarded to private companies, nonprofit entities, local governments, or colleges and universities in Maryland. Eligible projects include cyber ranges, prototype manufacturing centers, research spaces, sensitive compartmented information facilities, and wet laboratories, among others.
Applications are open now, with an informational webinar to be held Thursday, September 5 at 2 p.m. Additional details, including webinar registration and eligibility terms, are available through commerce.maryland.gov.
