Legislation - SB0763

Title: Maryland Technology Development Corporation - Maryland Growth Initiative - Established
Sponsored by: Senator Guzzone
Status: Approved by the Governor - Chapter 381
Analysis: Fiscal and Policy Note (Revised)

Synopsis

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.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters Click to view Recorded Media; Appropriations

Committee Testimony

Witness List

Details

Cross-filed with: HB1596

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber Senate Calendar Date 2/06/2026 Legislative Date 2/06/2026 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland Technology Development Corporation - Maryland Growth Initiative - Established Proceedings
Chamber Senate Calendar Date 2/12/2026 Legislative Date 2/12/2026 Action Hearing 3/05 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/16/2026 Legislative Date 3/16/2026 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 3/17/2026 Legislative Date 3/01/2026 Action Favorable with Amendments {613322/1 Adopted Proceedings 40 Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2026 Legislative Date 3/01/2026 Action Second Reading Passed with Amendments Proceedings 40 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Maryland Technology Development Corporation - Maryland Growth Initiative - Established Proceedings
Chamber Senate Calendar Date 3/19/2026 Legislative Date 3/03/2026 Action Third Reading Passed (45-0) Proceedings 42AClick to view Recorded Media
Chamber House Calendar Date 3/20/2026 Legislative Date 3/07/2026 Action Referred Economic Matters Appropriations Proceedings 44AClick to view Recorded Media
Chamber House Calendar Date 3/24/2026 Legislative Date 3/24/2026 Action Hearing 4/01 at 1:00 p.m. (Economic Matters) Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Appropriations Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/13/2026 Legislative Date 4/13/2026 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 4/13/2026 Legislative Date 3/30/2026 Action Favorable Adopted Proceedings 67 Click to view Recorded Media
Chamber House Calendar Date 4/13/2026 Legislative Date 3/30/2026 Action Second Reading Passed Proceedings 67 Click to view Recorded Media
Chamber House Calendar Date 4/13/2026 Legislative Date 4/02/2026 Action Third Reading Passed (124-11) Proceedings 70 Click to view Recorded Media
Chamber Senate Calendar Date 4/13/2026 Legislative Date 3/27/2026 Action Returned Passed Proceedings 66 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/12/2026 Legislative Date 5/12/2026 Action Approved by the Governor - Chapter 381 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/06/2026	2/06/2026	First Reading Finance
			Text - First - Maryland Technology Development Corporation - Maryland Growth Initiative - Established
Senate	2/12/2026	2/12/2026	Hearing 3/05 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/16/2026	3/16/2026	Favorable with Amendments Report by Finance
Senate	3/17/2026	3/01/2026	Favorable with Amendments {613322/1 Adopted	40 Click to view Recorded Media
Senate	3/17/2026	3/01/2026	Second Reading Passed with Amendments	40 Click to view Recorded Media
			Text - Third - Maryland Technology Development Corporation - Maryland Growth Initiative - Established
Senate	3/19/2026	3/03/2026	Third Reading Passed (45-0)	42AClick to view Recorded Media
House	3/20/2026	3/07/2026	Referred Economic Matters Appropriations	44AClick to view Recorded Media
House	3/24/2026	3/24/2026	Hearing 4/01 at 1:00 p.m. (Economic Matters)
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	4/13/2026	4/13/2026	Favorable Report by Economic Matters
House	4/13/2026	3/30/2026	Favorable Adopted	67 Click to view Recorded Media
House	4/13/2026	3/30/2026	Second Reading Passed	67 Click to view Recorded Media
House	4/13/2026	4/02/2026	Third Reading Passed (124-11)	70 Click to view Recorded Media
Senate	4/13/2026	3/27/2026	Returned Passed	66 Click to view Recorded Media
Post Passage	5/12/2026	5/12/2026	Approved by the Governor - Chapter 381

File Code

Subjects

Statutes