TEDCO-Backed Companies Generate More Than $9.9 Billion in Economic Output, Independent Study Finds

An independent economic impact study by Sage Policy Group found that TEDCO-backed companies have generated more than $9.9 billion in economic output and supported 38,000 jobs since TEDCO’s inception. In FY2025 alone, TEDCO supported more than $1 billion in statewide economic activity, 4,027 jobs and $479 million in labor income, generating more than $17 in economic activity for every $1 of state funding. The findings highlight TEDCO’s continued role in strengthening Maryland’s innovation economy, supporting entrepreneurs and creating economic and fiscal benefits across the state.