Office of Economic Development

Recent News

USM: Fueling Maryland’s Economic Engine

The University System of Maryland (USM) is vital to Maryland’s economy. USM produces more than 37,000 graduates each year, many of whom enter Maryland’s workforce.  With more than 38,000 employees, USM is also one of the state’s largest employers. At the same time, USM attracts more than $1 billion in research and development funding to Maryland each year. And through the commercialization of its groundbreaking research, USM is fueling the growth of new technologies and start-up companies that help position Maryland as a leader in the global innovation economy.

USM supports the growth of Maryland’s economy in other important ways as well, including:

  • establishing economic and workforce development as a strategic priority;
  • making innovation and entrepreneurship a part of the culture at each USM institution;
  • strengthening technology transfer and commercialization at USM institutions;
  • leveraging USM resources through strategic collaborations;
  • engaging the investment community and strengthening business partnerships;
  • enhancing partnerships with state and federal programs;
  • increasing the number of STEM (science, technology, engineering, and math) teachers graduating from USM institutions; and
  • strengthening and promoting programs designed to alleviate key workforce shortages and boost training and research in vital health-care fields as well as cybersecurity.

USM: Your Business Partner

USM also provides a wealth of resources to grow and support business in Maryland. Whether you’re just getting started and need help writing a business plan or you’re in the final phases of bringing your technological breakthrough to market, USM can help. Click on the links below to learn about the resources USM has to offer.

USM's Economic Development Showcase

Technology Commercialization, Entrepreneurship, and Mentoring Resources

UMBC Towson University UMCP & UMB Frostburg State University Salisbury University University of Baltimore

Learn more about the ways in which USM is helping to fuel Maryland’s economy. You can also contact the USM Office of Economic Development and Technology Commercialization staff (listed below) for additional information.

Tom Sadowski
Vice Chancellor for Economic Development

Mary Morris
Assistant to the Vice Chancellor for Economic Development

Maryland Momentum Fund

The University System of Maryland (USM) is launching a new $25 million early-stage investment fund, the Maryland Momentum fund. The fund is focused on filling gaps in the funding continuum to propel USM's most promising and innovative ideas into the marketplace.

Overview and Application Process

USM Innovation
and Impact at a Glance


Graduates per year


Alumni in Maryland




Jobs at USM research parks


New companies formed
(since FY 2011)


Invention disclosures
(since FY 2012)


Technology licenses
(since FY 2012)

$1.28 billion

Research contracts and grant funding
(in FY 2015)

Board of Regents Committee

The Committee on Economic Development and Technology Commercialization determines how the USM can best utilize its resources to promote Maryland's economic development. The committee promotes strategies and policies to better link the University System with business, government, and communities to encourage knowledge-based, technology-led, economic development across Maryland.

Chair: Gary Attman