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TEDCO's New Board for FY27

On May 21, 2026, TEDCO (the Maryland Technology Development Corporation) announced its newly appointed executive officers and board members for the fiscal year 2027, with leadership changes set to take effect from July 1, 2026. This announcement marks a significant moment in TEDCO's mission to advance innovation and economic development within Maryland's technology ecosystem.

The newly elected Board of Directors features notable industry leaders:

• - Chair: David Tohn, BTS Software Solutions
• - Vice Chair: Nona Minnifield Cheeks, Innovatyr
• - Secretary: Thomas Bundy, Lawrence Bundy
• - Treasurer: William Roberts, Significance, Inc.
• - Assistant Treasurer: Eben Smith, Three|E Consulting Group

David Tohn expressed his enthusiasm about taking on the role, saying, "I have been fortunate enough to see the impact TEDCO makes on Maryland's ecosystem firsthand, as both a board member and a CEO for a Maryland-based technology company. The work TEDCO does opens new doors for entrepreneurs, allows for continuous expansion and creates connections across regions and sectors."

Under Tohn's leadership, TEDCO aims to leverage its international collaborations to further enhance Maryland's economic potential. Tohn mentioned, "The promise this international initiative has on Maryland's ecosystem is astronomical, and I am excited to lead our exceptional Board as we move these efforts forward."

As TEDCO embarks on new initiatives to consolidate its role as an economic driver, the emphasis will continue to be on fostering innovation, nurturing global partnerships, and supporting the expansion of technology and entrepreneurship within the state. The recently elected board includes representatives from various sectors, ensuring diverse insights and expertise are brought to the table.

From Western Maryland to Baltimore City and the Eastern Shore, the organization’s board reflects the state's rich tapestry of innovation and entrepreneurial spirit. Each member is entrusted with the responsibility of strengthening TEDCO's mission and steering Maryland’s growth trajectory in technology and innovation.

In welcoming the new board, TEDCO CEO Troy LeMaile-Stovall remarked, "TEDCO is excited to begin another year of driving innovation and economic development across Maryland alongside such a distinguished group of leaders on our Board of Directors. Their expertise and guidance will help strengthen TEDCO's mission as we continue connecting innovation to market, expanding strategic collaborations, and supporting the growth of Maryland's entrepreneurial ecosystem."

TEDCO operates under a 19-member board of directors where 14 members are appointed by the Governor and confirmed by the Maryland Senate. The board also includes a member from the Maryland Department of Commerce, who serves ex officio. This governance structure ensures that the organization remains aligned with the state’s economic development goals.

Looking ahead, TEDCO is committed to maximizing its impact through these new leadership appointments, driving forward the mission of enhancing Maryland's entrepreneurial landscape. As they embark on this new chapter, the synergy between board members and their collective vision will be pivotal in achieving lasting results across the state’s technology sector.

For more information about TEDCO and its initiatives, visit www.tedcomd.com.