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Maryland Economic Development Corporation

Social welfare
DBA: CORPORATION
Social Welfare / Advocacy · BALTIMORE, MD · EIN 52-1376562

About

Medco's primary purpose is to expand productive employment and the state's economy and TAX BASE through the development of certain vacant or under-utilized industrial sites and facilities as well as other economic resources. In fulfilling its purpose, medco provides facilities and financing of facilities to businesses at favorable rates. Medco also provides management and consulting expertise.

DBA Corporation

Donations are NOT tax-deductible
Category
Social Welfare / Advocacy
Employees
18
Volunteers
12

Financial Snapshot

FY ending 2023-06-30
Revenue
$202.2M
Expenses
$207.4M
Assets
$1.0B
Liabilities
$1.3B

Financial history

$218.8M$109.4M$0
1617181920212223
RevenueExpenses
Latest FY2023: $202.2M · Peak FY2022: $218.8M · Avg: $166.0M
MARYLAND ECONOMIC DEVELOPMENT CORPORATION
Your actions

Address

7 Saint PAUL ST STE 940
Baltimore, MD, 21202-167

Governance

Voting board members12
Independent members12
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
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