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TEDCO and Senators Cardin and Van Hollen Announce Funding for Innovative Maryland Program

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Omnibus Spending Bill includes $418,000 for Open Institute for Black Women Entrepreneurs 

COLUMBIA, Md. /PRNewswire/ — TEDCO, Maryland’s economic engine for technology companies, announced today that its Open Institute for Black Women Entrepreneur Excellence program was selected by the U.S. Senate Appropriations Committee for Fiscal Year 2023 Congressionally Directed Spending funding at a level of $418,000 – a direct federal funding request sponsored by U.S. Senators Ben Cardin and Chris Van Hollen (D-Md.). The funding for TEDCO’s 10-month leadership development program was included in the FY23 Omnibus Spending bill recently passed by Congress and signed into law by President Biden.

TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland.  

“As Chairman of the Small Business and Entrepreneurship Committee, I have long been committed to leveling the playing field for our underserved entrepreneurs. Small business is a path of self-determination for many, especially Black women entrepreneurs,” said Senator Cardin. “TEDCO has demonstrated its ability to reach these small business owners and help their businesses grow and thrive. I’m proud we have secured $418,000 in direct federal investment for this project, which will foster the entrepreneurial spirit within Maryland’s HBCU community.”

“To strengthen Maryland’s small businesses, we need to remove barriers to ensure that every entrepreneur has access to the resources and support to succeed. That’s why I fought to deliver this $418,000 direct federal investment in TEDCO’s Open Institute for Black Women Entrepreneurs – to expand opportunity, boost startups, and leverage Maryland’s diverse talent to foster more leadership opportunities. I look forward to continuing to work with TEDCO to advance our shared commitment to equity in action,” said Senator Van Hollen, a member of the Senate Appropriations Committee.

TEDCO’s Open Institute for Black Women Entrepreneur Excellence was created to address barriers to success. While they lead the way in business formation, only 3% of Black women business owners are running mature businesses. Research cites three key reasons—the types of businesses, limited access to capital, and the uneven distribution of access to key resources needed for entrepreneurship success—as barriers to entry and catching-up of disadvantaged groups. The new program builds on a promising statistic for Maryland’s inclusive economy: at 52%, Maryland has the highest rate per capita of women-business ownership in the United States.

“We are deeply appreciative of the efforts of Senators Van Hollen and Cardin, the Maryland congressional delegation members, and Congress for supporting and funding the Open Institute for Black Women Entrepreneur Excellence in this year’s FY23 Omnibus Spending package,” said Troy LeMaile-Stovall. “This funding supports local entrepreneurs in building critical skills, expanding their networks, and successfully growing their businesses—and the Maryland economy.”

The first year of the Open Institute for Black Women Entrepreneur Excellence is underway, starting as a pilot program in collaboration with Howard County Government, with plans to expand across the state. The program leverages the unique expertise of Maryland’s four HBCUs including Bowie State University, Coppin State University, Morgan State University, and the University of Maryland Eastern Shore. These Maryland HBCUs work with the cohort to determine their needs at the intersection of research, tech transfer and education. Another major component of the program is helping cohort members collaborate as a community and build their local and statewide networks.

“We know that women-owned start-ups, particularly those led by Black women, face an array of challenges, including the all-important access to capital,” said Linda Singh, executive director for TEDCO’s Women Entrepreneur Leadership Programs. “Our Open Institute for Black Women Entrepreneur Excellence will give local entrepreneurs the opportunity to collaborate, grow their networks, and navigate the local innovation ecosystem together. It’s a winning combination for the leaders, their companies and the state of Maryland.”

About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.

SOURCE TEDCO

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Consumer Corner

5 Home Updates to Provide Peace of Mind for Your Family

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(Family Features) Home improvement projects often focus on updating the aesthetic of your house, but upgrades that make your living space more secure and comfortable for you and your family are sometimes even more important.

From your front door to the interior of your home and more, these ideas from the experts at Masonite, a global industry leader in interior and exterior doors, can help provide greater peace of mind – ensuring what matters most is always protected.

Ensure Your Home is Well-Lit
A well-lit home exterior makes it easier to spot potential threats and may even deter people and animals that don’t belong on your property. Automatic outdoor lighting, either set to a timer or triggered by motion or light sensors, can help you see what’s going on outside. Ensure fixtures on your porch, patio and garage are in good working order and replace burned out bulbs or lights that no longer function. Adding landscape lighting can also aid in security while boosting curb appeal.

Protect Your Home with a Secure Front Door
Upgrading your front door can do much more than just improve the look of your home – it’s also an important part of providing enhanced security for you and your family. With four times more impact resistance than a standard deadbolt lock, the M-Protect Multi-Point Security Lock offers homeowners unmatched protection to keep what matters most safe. The lock works like a standard deadbolt, but with more points of contact, and it is compatible with a wide array of handle sets and hardware, including electronic deadbolts. It can be added to any Masonite Performance Door System – an innovative solution that provides superior energy efficiency, performance and comfort – which is available in a diverse range of finishes, colors and glass styles to fit any home design.

Reduce Fire Hazards
Many elements of a home like furnaces, chimneys, hot water heaters and other gas appliances provide value to homeowners through comfort and convenience but can pose risks without proper maintenance. Hiring a professional to check your heating and air conditioning system annually can help you avoid costly repairs while also protecting your loved ones. Keeping the chimney clean of debris, creosote and soot helps lower fire risk and ensures smoke, carbon dioxide and other gases are safely carried out of the home.

Control Home Systems On the Go
Installing security systems, doorbells, lighting and other systems that can be controlled from a smartphone app, like the Masonite M-Pwr Smart Door, can provide added convenience and peace of mind. You can remotely turn lights on and off, unlock doors, change the temperature, open or close garage doors and check camera feeds while away.

Replace Smoke and Carbon Monoxide Detectors
A simple project to make your home safer, it’s essential to check your smoke detectors regularly and replace the batteries every six months. If you discover the date of manufacture on the back of your smoke detectors is more than 10 years ago, replacement is recommended by the National Fire Protection Association. While checking your smoke detectors, test or install carbon monoxide alarms to ensure you have a way to detect the invisible, odorless gas that can cause serious health problems if left unchecked.

Visit Masonite.com/mprotect to learn more about the latest innovations in home security.


SOURCE:
Masonite

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Moving Season Security: 6 solutions to safeguard valuables

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(Family Features) It’s moving season, which means packing up valuables like tech devices, family heirlooms, jewelry and beyond and trusting they’ll make it safely to your new space. Ensuring a new home or apartment is properly secured is top of mind for many homeowners and renters, for both their personal safety and their most prized possessions.

After moving into a new space, there’s an immediate need to keep valuables and important documents organized and secure in case of theft, fire or flood. Whether or not a large security system is available on-site, Master Lock and SentrySafe’s DIY security and safety solutions equip your home with an extra line of defense and provide new homeowners and renters confidence.

To discover which security and safe storage solutions are right for you, visit MasterLock.com and SentrySafe.com.

Bar the Door

Designed with customer feedback in mind, the Master Lock 270D Folding Door Bar is a reliable, on-the-go solution that’s perfect for securing entry doors during a move-in transition. It offers an updated design from the original – now more compact with a quick-release foldable design for ultimate convenience and portability. Folding to just 16.5 inches and extending up to 43.5 inches, it’s small enough to fit in a backpack but strong enough to prevent forced entry on hinged, patio and sliding doors due to the pivoting rubber grips.

Keep Your Property Secure

Ideal for property access control, the Master Lock 5480D Portable Lock Box is the newest lock box and features expanded storage capacity to accommodate keys, fobs and cards, ensuring safety and convenience when accessing a home or apartment. The dials on the lock box are easy to read and grip, providing smooth operation. Built to last, the solid metal body with a rubber bumper protects against tampering while safeguarding surfaces from scratches and damage.

Turn to a Timeless Security Device

Keeping valuables secure can start with a tried-and-true classic solution. The discus-shaped Master Lock 40DPF Padlock features a wide stainless-steel body for maximum strength, reliability and corrosion resistance. With a fully shrouded design that minimizes shackle exposure to protect against bolt cutters, this versatile security device can be used for a wide range of applications. Extend the security of your valuables during a move by using it on self-storage units and lockers, trailers, vans and moving trucks.

Fireproof and Protect Valuables at Home

Consider the SentrySafe FPW082HTC Fireproof and Waterproof Safe as your go-to line of defense against fire, water and theft with .81 cubic feet of storage. Weighing roughly 55 pounds, this best-in-class fire and water protection solution features 1-hour UL-certified fire resistance at 1,700 F and ETL-verified protection in up to 5 inches of water for 24 hours. This first-of-its-kind safe with Master Lock security built-in technology offers an advanced, multi-point protection system that effectively resists physical attacks and lock manipulation while its pry-resistant hinge bar in the safe door protects against theft attempts.

Safeguard Documents and Files

Provide yourself an extra line of defense with the SentrySafe FHW40100 Digital Fireproof/Waterproof File Safe that safeguards important documents and records with a durable design and peril protection. Built to hold hanging file folders for easy organization, the safe can be easily transported with its convenient carrying handle when moving into a new home or apartment. It’s UL-classified to offer 30 minutes of certified fire resistance at 1,550 F and ETL-verified to protect documents and digital media in the event of a flood for up to 72 hours.

Opt for Renter-Friendly Security

Renters who live in a small space may not be ready for a full-sized safe. The lightweight SentrySafe 1200 Fire Chest is an affordable and convenient security solution that safeguards precious valuables and electronics from theft attempts to keep items safe and sound. Its convenient carrying handle allows users to easily move the chest from room to room and seamlessly pack and store their valuables at the end of their lease.

Photo courtesy of Shutterstock (family moving boxes)


SOURCE:
Master Lock



Master Lock

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financial wellness

Turn Your Tax Refund Into a New Ride

As tax refunds are beginning to come in, it’s an excellent opportunity for people to explore different investment avenues and make the most of their money.

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Make a major purchase more manageable

(Family Features) With tax refunds starting to flow in, many people are considering ways to invest their money.

If you’re looking to purchase a vehicle, putting your tax refund toward a down payment on a used car can be a smart financial decision for several reasons – from reduced interest rates on your loan and shortened loan terms to lower monthly payments – and the timing is right to take advantage of improving market conditions. Consider this information to help make an informed buying decision.

Lower Your Monthly Payment
The more you can invest in the down payment of a vehicle, the lower your monthly cost will typically be and the less interest you will typically pay over the length of the loan. This can lead to smaller, more manageable monthly payments.

A significant down payment can also help offset higher-than-average interest payments and could lead to a shorter term, meaning less total accrued interest. An auto loan calculator can show you how a down payment can affect interest charges.

More Affordable Vehicle Options
Used car prices have been trending downward month-over-month, according to the Bureau of Labor Statistics’ consumer price index. These decreases in used car prices are helping offset higher than normal interest rates. The average sales price for a pre-owned vehicle through Enterprise Car Sales, for example, is approximately $21,000 right now, compared to average new car prices, which are hovering around $44,000.

Vehicle inventory is improving along with an increase in consumer demand for cars, which makes now an attractive time to buy. Many used car sellers feature inventory that is readily available so you can select from options you know are in stock, including different makes and models with a wide range of different features that can offer more affordable options.

“We have a large inventory of vehicles across the country currently priced under $20,000,” said Mike Bystrom, vice president of Enterprise Car Sales. “There are several considerations to keep in mind when shopping for a vehicle, and there is no one-size-fits-all approach. Consumers should weigh their options, but the one thing they shouldn’t compromise on is receiving great customer service.”

Protect Your Purchase
Ensuring your purchase is protected is also a smart financial decision. Take advantage of dealers that offer additional benefits to help protect your purchase and provide peace of mind that your tax refund has been well spent.

Look for a used vehicle that has passed an inspection by an ASE-certified technician and comes with a limited powertrain warranty, as well as extra coverage options such as roadside assistance and a return policy up to a certain amount of days or mileage.

With a little research and careful planning, you can find a reliable used car that meets your needs and puts your tax refund to good use. Visit enterprisecarsales.com for more information.


SOURCE:
Enterprise Car Sales

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