The Greater Baltimore Committee (GBC) is focused on boosting Baltimore's economy. Mark Anthony Thomas, the new President and CEO of GBC, aims to connect the entire region and collaborate for economic betterment [e28070ae]. Baltimore's economy is growing rapidly in the city, but the region as a whole is stagnant compared to more competitive markets. GBC has released a ten-year plan and launched initiatives to create momentum and build on existing strategies [e28070ae].
GBC is also addressing the issue of vacant houses in partnership with the Mayor's office and the group BUILD. The city aims to balance the growth of downtown with revitalizing blighted neighborhoods [e28070ae].
GBC missed out on the first phase of funding for the Tech Hub initiative, but they will resubmit for the next phase. The CHIPS Act is a major federal investment to catalyze manufacturing, R&D, and innovation in America, and GBC was selected as one of the 31 hubs. Each market will receive at least $150 million, with the potential for up to $1 billion over the program's lifespan [e28070ae].
GBC is working to break down silos and unify business, philanthropic, and civic leadership to collaborate on addressing the challenges faced by Baltimore. GBC's mission is to be the business voice for the region, strengthen the systems that make the region thrive, and create tables for collaboration. To get in touch with GBC, visit gbc.org [e28070ae].