O'Malley to restart program to give export firms $5,000 grants

March 11, 2010|By Jamie Smith Hopkins | jamie.smith.hopkins@baltsun.com

Hoping to increase the number of local businesses with an overseas reach, Gov. Martin O'Malley said Thursday that the state will restart a program that gave $5,000 export-assistance grants to firms but had its funding frozen this fiscal year thanks to the budget crisis.

The planned July 1 revival of the Export MD program is part of his newly announced Maryland Export Initiative, which O'Malley hopes will create jobs by connecting more firms to foreign markets. Just 3 percent of Maryland companies currently export overseas, he said.

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