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Federal shutdown already threatening Maryland businesses

Mike Binko, President & CEO of Kloudtrack, Julie Lenzer Kirk, Author and Entrepreneur and Governor Martin O’Malley speaking about the strength of Maryland’s innovation economy on the Startup Maryland Pitch Across Maryland Bus Tour.
Mike Binko, President & CEO of Kloudtrack, Julie Lenzer Kirk, Author and Entrepreneur and Governor Martin O’Malley speaking about the strength of Maryland’s innovation economy on the Startup Maryland Pitch Across Maryland Bus Tour.

Stretching into its second week, the federal government’s shutdown is looming over Maryland businesses.

Governor Martin O’Malley’s blog has featured three accounts of successful Maryland companies now threatened by the budget gridlock in Congress.

  • Baltimore-based Fyodor Biotechnologies Corp. was forced to place an important medical research project on hold after the shutdown prevented them from processing a National Science Foundation grant. The project could be shuttered permanently. Read more here
  • M. Luis Construction in Baltimore, which performs many paving and road construction projects across Maryland, is facing stalled bidding processes and possibly postponed payments as result of the shutdown. Read more here.
  • Kloudtrack, with offices in Rockville and Annapolis, is an information technology subcontractor within the Defense Information Systems Agency, the Department of Veterans Affairs and the Department of Homeland Security. They’re now uncertain how long they can continue to provide their high quality product without the promise of future payment. Read more here.

Tell us how the shutdown is impacting your business on the Maryland Department of Business and Economic Development Facebook page.

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