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Strong and Prosperous Businesses

Increase number of Maryland Center for Entrepreneurship successful companies to 120 by 2025


FY22 Actual

FY21 Actual

Objective Description

The Maryland Center for Entrepreneurship (MCE)/Innovation Center is a Howard County Economic Development Authority (HCEDA) initiative which provides a robust, interactive community of innovators, entrepreneurs, investors and advisors to collaborate in order to successfully ignite innovation and launch high-growth, technology-based companies in an entrepreneurial ecosystem abundant with resources. The goal of the MCE's resident program is to successfully incubate and graduate start-up companies that will remain in operation post-graduation. MCE graduate companies who remain in operation represent a wide range of industry types and employee numbers which continues to show a diverse portfolio of successes from the MCE resident program. A successful MCE company is defined as one that has been part of the program and remains in business currently.

Trend Analysis

The MIC has seen a significant return to normal activity levels following the issue caused by the COVID-19 pandemic. FY2023 will be the first full year since the pandemic that the MIC could operate at full capacity, visitor and service numbers are increasing. As the MIC is able to serve more people in the community, word-of-mouth and publicity has already been seen to further ramp-up growth.


  • Establish the Howard Innovation Center as an anchor for innovation in the county.
  • Expand strategic partnerships to facilitate small business growth and opportunities.
  • Utilize the Innovation Center to facilitate education, training, and collaboration.

Source: Howard County Economic Development Authority

Detailed Analysis

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