# Maryland SB 0763: Maryland Technology Development Corporation - Maryland Growth Initiative - Established

Maryland SB 0763, Maryland Technology Development Corporation - Maryland Growth Initiative - Established, is a 2026 Regular Session Senate bill sponsored by Guy Guzzone (Democratic); status signed, last action 2026-05-12 (Approved by the Governor - Chapter 381) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/MD-SB0763-2026RS
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland SB 0763
- State: Maryland
- Session: 2026 Regular Session
- Title: Maryland Technology Development Corporation - Maryland Growth Initiative - Established
- Status: signed
- Chamber: Senate
- Introduced: 2026-02-06
- Last action: 2026-05-12, Approved by the Governor - Chapter 381
- Sponsor: Guy Guzzone (Democratic)
- Cosponsors: 0
- Subjects: Economic Development, Commerce and Business -see also- ElectrComm; ForeignTr; etc., Comptroller, Demographics -see also- Census; Data, Investments -see also- Securities, Low-Income, Public Corporations and Instrumentalities -see also- HBE, Revenue and Taxes -see also- (specific tax), Rules and Regulations, Standards and Best Practices, Treasurers
- Touches household money: no
- Roll calls: 2 (169 yes, 11 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Stable funding for Maryland startups: benefit, high. Beginning Oct 1, 2026, the Governor must budget $5 million each year for the Maryland Growth Initiative. This money adds to, and cannot replace, other funds for the program. Investment earnings on the Fund also stay in the Fund, so more money is available to support qualifying Maryland startups.
- Targeted help for Maryland startups: benefit, medium. Beginning Oct 1, 2026, the Maryland Technology Development Corporation runs the Maryland Growth Initiative. It focuses on Maryland companies between start-up and scaling. It offers technical and business help, links companies to private investors, and supports post-seed/Series A growth without relo…

## Sponsors and cosponsors

- Sponsor: Guy Guzzone (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-04-13 | House | Third Reading Passed | pass | 124 | 11 | 5 |
| 2026-03-19 | Senate | Third Reading Passed | pass | 45 | 0 |   |

## Actions (14)

- 2026-05-12: Approved by the Governor - Chapter 381
- 2026-04-13: Returned Passed (Senate)
- 2026-04-13: Third Reading Passed (124-11) (House)
- 2026-04-13: Second Reading Passed (House)
- 2026-04-13: Favorable Adopted (House)
- 2026-04-13: Favorable Report by Economic Matters (House)
- 2026-03-24: Hearing 4/01 at 1:00 p.m. (Economic Matters) (House)
- 2026-03-20: Referred Economic Matters Appropriations (House)
- 2026-03-19: Third Reading Passed (45-0) (Senate)
- 2026-03-17: Second Reading Passed with Amendments (Senate)
- 2026-03-17: Favorable with Amendments {613322/1 Adopted (Senate)
- 2026-03-16: Favorable with Amendments Report by Finance (Senate)
- 2026-02-12: Hearing 3/05 at 1:00 p.m. (Senate)
- 2026-02-06: First Reading Finance (Senate)

## Bill text

- Enacted, 2026-05-12: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_381_sb0763t.pdf)
- Third Reading, 2026-03-17: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0763t.pdf)
- First Reading, 2026-02-06: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0763f.pdf)

## Related bills

- SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - Authorization (became law)
- SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishment (became law)
- SB 0244: Code Revision - Health - Maryland Medical Assistance Program (became law)
- SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-1 Specialists Act) (became law)
- SB 0016: Child Support - Earnings Withholdings Limits (became law)
- HB 0529: Code Revision - Health - Maryland Medical Assistance Program (became law)

## Sources
- [Enacted (PDF)](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_381_sb0763t.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0763t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0763f.pdf)

## Related
- [SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - A…](https://policyrisk.com/state-bill/MD-SB0496-2026RS)
- [SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishm…](https://policyrisk.com/state-bill/MD-SB0366-2026RS)
- [SB 0244: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-SB0244-2026RS)
- [SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-…](https://policyrisk.com/state-bill/MD-SB0148-2026RS)
- [SB 0016: Child Support - Earnings Withholdings Limits](https://policyrisk.com/state-bill/MD-SB0016-2026RS)
- [HB 0529: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-HB0529-2026RS)
- [Maryland bills](https://policyrisk.com/states/maryland/bills)
- [Maryland state hub](https://policyrisk.com/states/maryland)
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Source: PRIA, https://policyrisk.com/state-bill/MD-SB0763-2026RS (as of 2026-10-19).