STATE BILLMD SB 763PASSED

Maryland Technology Development Corporation - Maryland Growth Initiative - Established

Establishing the Maryland Growth Initiative in the Maryland Technology Development Corporation to support the growth of start-up companies; requiring the Initiative to create a certain list of companies in the State that are between certain growth phases according to a certain priority; establishing the Maryland Growth Initiative Fund to be administered by the Corporation as a special, nonlapsing fund; requiring the Governor to include in the annual budget an appropriation of $5,000,000 for the Initiative; etc.

Status: Passed; Signed or otherwise enacted
Status date: May 12, 2026; 184 days ago
Current chamber: Senate
Session: 2026 Regular Session

MD SB 763 · PassedMay 12

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Bill details

Last action: Approved by the Governor - Chapter 381 · May 12, 2026

Sponsor

GGGuy GuzzoneSenator · Democrat · SD-013Primary sponsor

Bill history

Newest first.

May 12, 2026Approved by the Governor - Chapter 381Senate

Apr 13, 2026Returned PassedSenate

Apr 13, 2026Third Reading Passed (124-11)House

Apr 13, 2026Second Reading PassedHouse

Apr 13, 2026Favorable AdoptedHouse

Apr 13, 2026Favorable Report by Economic MattersHouse

Mar 24, 2026Hearing 4/01 at 1:00 p.m. (Economic Matters)House

Mar 20, 2026Referred Economic Matters AppropriationsHouse

Show 6 earlier actions

Mar 19, 2026Third Reading Passed (45-0)Senate

Mar 17, 2026Second Reading Passed with AmendmentsSenate

Mar 17, 2026Favorable with Amendments {613322/1 AdoptedSenate

Mar 16, 2026Favorable with Amendments Report by FinanceSenate

Feb 12, 2026Hearing 3/05 at 1:00 p.m.Senate

Feb 6, 2026First Reading FinanceSenate

Recorded votes

Third Reading PassedMar 19, 2026 · Senate · 45 yea · 0 nayPassed

Third Reading PassedApr 13, 2026 · House · 124 yea · 11 nayPassed

Subjects

Economic Development
Commerce and Business
Comptroller
Investments
Public Corporations and Instrumentalities
Revenue and Taxes
Rules and Regulations
Standards and Best Practices
Treasurers
Demographics
Low-Income

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