“Genius is equally distributed in the United States, but capital is not.” Senator Cory Booker (D-NJ)
Building a startup is hard. With your help our community of entrepreneurs will host hands-on programs bringing cutting edge innovation, new ideas and technologies to bear to catalyze change in underserved, underrepresented communities to include military veterans. Members will have access to resources that will help form business strategy, growth metrics, distribution and investor pitches.
Baltimore, MD Ranks In The Top-5 Opportunity Zones With Highest Growth Potential Nationwide
In response to the high demand from firms and high net worth individuals interested in the Maryland Opportunity Zones program, our innovative group will highlight the magic of advanced technology to help potential investors identify neighborhoods that qualify and assets within the designated areas in need of investment that can create a positive economic, environmental, and social impact.
The Tax Cuts and Jobs Act of 2017 included a new powerful economic development tax incentive — Opportunity Zones — designed to encourage long-term private capital investment in America’s low-income communities.
With over 8,700 Opportunity Zones — spanning the entire continental US, the District of Columbia and US territories — now eligible to tap into over $6 trillion dollars of unrealized capital gains to support redevelopment projects and new businesses, there’s enormous excitement amongst investors and local policymakers.
Maryland ranks third in the Milken Institute's biennial State Technology and Science Index for 2016. According to study results, Maryland received top ten rankings in all of the index components, including first in the technology and science workforce as well as the technology concentration and dynamism categories.Maryland ranks sixth in the 2017 State New Economy Index, a measure of a state's economy as knowledge-based, globalized, entrepreneurial, information technology-driven and innovation based.
Maryland/Virginia/Washington DC Metro places fourth in a ranking of the top ten U.S. biopharma clusters based on criteria including patents, Nlll grant funding, venture capital, lab space and number of jobs.
Maryland places second in WalletHub's State Innovation Index based on 22 indicators including share of STEM professionals, R&D spending per capita, tech company density, and other human capital and innovation environment factors.
Maryland ranks fifth in the Bloomberg U.S. Innovation Index, which scores states based on six metrics including R&D, productivity, high tech density, STEM employment, science and technology degrees and patent activity.Suburban Maryland/Metro DC, spanning the Bethesda, Rockville and Gaithersburg areas in Montgomery County northwest to Frederick County, ranks sixth among U.S. life sciences clusters. The ranking is based on life science establishment and employment concentration, venture capital and Nll-1 funding, as well as life sciences real estate supply, occupancy and rent.
Maryland ranks highly in the technology intensity of its business base. The state ranks fourth in science, engineering and technology (SET) establishments as a share of all business establishments (12.3%), third in employment in SET establishments as a share of all employment (16.9%), and seventh in SET business formation as a percent of all business establishments.
Maryland ranks fifth and is an 11lnnovation Champion'' according to the Consumer Technology Association's 2018 Innovation Scorecard. The ranking is based on 12 criteria that include sensible tax structures and policies allowing cutting-edge technologies and new business models to flourish, all of which creates high-quality jobs and healthy economic growth.
The Big Why:
80% of start-up capital goes to three states: 1.) Massachusetts. 2.) New York. 3.) California.
2% of start-up investment goes to women.
1% of start-up investment goes to people of color.
Our Purpose: Our entire framework is built around immediate social impact. Innovation and creativity already exists in Opportunity Zone communities it just needs to be unleashed. We want to find talent, get them leveled up and prepared for the opportunity. We will provide technical assistance, access to capital, mentoring, legal services and SBDC resources. In addition we will help local residents obtain the skills and competencies necessary to meet existing and future labor demand. We will redefine the term “Career Development.”
What We Believe: “The goal is not to make short term investments with huge returns, the goal of the Legislation is to make sure that the residents living in these areas, the businesses located in Opportunity Zones, property rehabilitated in these areas benefit from a long term view of making the community better without gentrification” Senator Tim Scott (R-SC)
Who Is The Target Audience? Opportunity Zone entrepreneurs, innovators, early adopters, consultants, startups, freelancers, developers, programmers, coders particularly those from underserved, underrepresented communities to include military veterans. People who seek to collaborate, share resources, and network in the company of a like minded community who are looking to enable productive collisions between people and the seamless exchange of ideas to include training and apprenticeship opportunities.