Maryland Economic Development Corporation
BALTIMORE, MD
Total revenue
$210.5M
Total expenses
$219.2M
Net assets
—
Grants received
$6.7M
4 grants
EIN
521376562
Tax year
2023
Mission
To attract new businesses and encourage expansion of existing businesses in maryland through development, expansion, and/or modernization of facilities.
Programs
3 programs
Umcp housing is a program under which medco leases land used for the south campus commons and the courtyards at the umcp campus in prince george's county, maryland.
Umcp energy is a program under which medco leases land, certain energy conversion facilities and steam, electricity and chilled water delivery systems at the umcp campus in prince george's county, maryland, and provides energy conversion, delivery and related services to umcp.
Medco provided financing packages or favorable lease terms for many projects throughout the state. In addition, medco assisted organizations in their efforts to expand or modernize.
Financials
FY 2023
Revenue
Expenses
People
20 listed
J THOMAS SADOWSKI JR
EXECUTIVE DIRECTOR AND SECRETARY
$320K
40 hrs/wk
KEASHA HAYTHE
BOARD OF DIRECTORS
—
1 hrs/wk
JAMES HINEBAUGH JR
BOARD OF DIRECTORS (PART YEAR)
—
1 hrs/wk
OMAR KARIM
BOARD OF DIRECTORS
—
1 hrs/wk
MARY ANN MARBURY
BOARD OF DIRECTORS
—
1 hrs/wk
SCOTT DORSEY
CHAIRMAN
—
1 hrs/wk
JESSICA UNDERWOOD ESQ
BOARD OF DIRECTORS
—
1 hrs/wk
SECRETARY PAUL J WIEDEFELD
BOARD OF DIRECTORS
—
1 hrs/wk
DAVID YUNGMANN
BOARD OF DIRECTORS (PART YEAR)
—
1 hrs/wk
HARRY SHASHO
BOARD OF DIRECTORS
—
1 hrs/wk
RICHARD WOO
VICE CHAIRMAN
—
1 hrs/wk
TEHMA HALLIE SMITH WILSON
TREASURER
—
1 hrs/wk
SECRETARY KEVIN ANDERSON
BOARD OF DIRECTORS
—
1 hrs/wk
ERIC COSTELLO
BOARD OF DIRECTORS
—
1 hrs/wk
MICHAEL COTTINGHAM
BOARD OF DIRECTORS
—
1 hrs/wk
JAMES R MILLER
CFO
$197K
40 hrs/wk
JOHN GENAKOS
DIRECTOR OF RE & DEVELOPMENT
$168K
40 hrs/wk
WYATT SHIFLETT
DIRECTOR OF FINANCING
$142K
40 hrs/wk
SARAH HORTA
DIRECTOR OF INNOVATION & STRATEGIC PARTNERSHIPS
$130K
40 hrs/wk
FRANCINA BRINKER
ASST DIRECTOR OF FINANCING
$126K
40 hrs/wk
Independent contractors
GILBANE BUILDING COMPANY
CONTRACTOR
ERNST & YOUNG US LLP
CONSULTANT
GRIMM AND PARKER
CONSULTANT
MADISON PARK NORTH LLC
CONTRACTOR
AAA COMPLETE BUILDING SERVICES INC
CONSULTANT
Grants received
Showing 4 of 4
Funded by
$6.7M from 3 funders · 4 grants · 2021–2024
$6.5M · 2 grants · 2023–2024
$150K · 1 grant · 2022
$30K · 1 grant · 2021