A Baltimore data leader's city appointment

Equitech by law?

Have you ever thought about "Schoolhouse Rock's" "I'm Just a Bill" while pondering a Senate bill?

Senate Bill 699's got me feeling nostalgic, as it reminds me of that classic episode that aired 47 years ago on Sept. 18, 1975. But Senate Bill 699 is not a cartoon bill sitting on the steps of Capitol Hill waiting to be passed into law. Instead, it's a real Maryland General Assembly bill that aims to promote economic competitiveness and inclusive growth in Maryland's emerging and advanced industries through "equitech."

Equitech is a term most frequently associated, at least locally, with UpSurge Baltimore. The Equitech Growth Fund proposed in the bill would create supporting infrastructure, resources and a diverse workforce that builds on the State's economic strengths. The bill, which passed the General Assembly this month, also establishes the Equitech Growth Commission — all in the name of a tech sector and overall economy that, as UpSurge's leaders envision it, doesn't sacrifice equity for profitability.

If he signs it into law, the bill would require Gov. Moore to allocate $5,000,000 in the annual budget for awards from the Fund each year from 2025 through 2033.

Until then, what do you think about this new bill? Could it make a meaningful impact on advancing equity in Maryland's entrepreneurial economy? Would you suggest any changes to the bill as it's currently written? We want to hear from you! Share your thoughts by emailing [email protected] or responding to this newsletter.

— Technical.ly reporter Alanah Nichole Davis ([email protected])