Increase number of Maryland Center for Entrepreneurship successful companies to 120 by 2025
Objective Description
Trend Analysis
As the MIC begins to reach full resident capacity, there has been a continued upward trend through FY20 in both MIC company success and employee counts of MIC member and graduate companies. Due to the move of MIC operations into the new Gateway Innovation Center, there was a decrease in MIC visitor activity between FY19 and FY20. Client service and visitor activity were impacted heavily by COVID-19 restrictions in FY21. These figures are expected to return to normal in FY22 as the impact of COVID-19 lessens.
Strategies
- 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.
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Source: Howard County Economic Development Authority