Power Players Unite: Baltimore’s EDA Tech Hub Leaders Join Forces!

Big news is brewing in the Baltimore tech scene! A powerhouse regional economic development organization is setting its sights on taking the startup world to new heights by officially welcoming a major player into its fold.

Introducing the vibrant tech nonprofit UpSurge Baltimore, now joining forces with the Greater Baltimore Committee (GBC). Both organizations have come together to amplify their impact and drive innovation in the region.

Kory Bailey, UpSurge’s CEO, describes this merger as a “natural evolution.” The two organizations have long collaborated on initiatives like the Economic Development Administration (EDA) Tech Hub bid that secured Baltimore’s recognition in 2023. Although they missed out on initial funding in 2024, the momentum is undeniably building.

The GBC’s mission spans 400 corporations and institutions, all united under the banner of fostering economic development across the region. Meanwhile, UpSurge passionately champions startup founders and tech innovators, launching initiatives like a new grant program aimed at empowering Maryland college entrepreneurs.

“To cultivate a thriving tech ecosystem, we need the involvement of both startups and big corporations,” Bailey emphasized. “Bringing these key players together is essential for seizing growth opportunities and driving our innovation economy forward.”

What’s Next for This Dynamic Duo?

This collaboration marks a pivotal moment for the GBC as it undergoes a transformation, switching its nonprofit status from a 501(c)(4) to a 501(c)(3). GBC President and CEO Mark Anthony Thomas explains that this strategic shift will allow the organization to focus on deeper partnerships rather than political engagement.

“Regional entities across the country are reshaping visions and leveraging their partners to create impactful change,” Thomas remarked. “That’s where we want to position ourselves.”

Notably, donations to a 501(c)(3) are tax-deductible, making this a savvy move for potential supporters.

For now, Bailey reassures that UpSurge’s innovative programming will continue uninterrupted. The organization will keep its 501(c)(3) nonprofit status, ensuring that ongoing funding commitments, like the student grant program, remain intact.

Setting a New Standard

This strategic initiative aligns with the GBC’s ambitious 10-year strategic plan, unveiled earlier this year, which prioritizes diversity in entrepreneurship and aims to elevate sectors like life sciences and manufacturing.

As Maddy Stokes, UpSurge’s Chief Operating Officer, points out, this merger is about efficiency—optimizing both financial resources and collaborative efforts to maximize impact. “We’re focused on influencing economic development investments and reshaping Baltimore’s brand to better reflect its current vibrancy,” Stokes said.

Moreover, this integration aspires to serve as a model for nonprofits across Maryland, which boasts over 5,000 organizations. Stokes believes that streamlining efforts can lead to significant scaling opportunities.

UpSurge’s collaborative spirit is already evident through partnerships with industry leaders like Techstars and TEDCO, but this formal union promises to enhance those relationships and forge new alliances.

GBC’s Thomas adds that this merger will bolster their Tech Hubs bid, positioning the region competitively as they seek additional funding in Congress. “We believe this alignment will strengthen our application and give us an edge over competing markets,” he stated.