The B.R.I.D.G.E. Program's annual $5 million investment from FY 2026-2031 is designed to create a multiplier effect, potentially adding $1-1.5 trillion to the U.S. economy by 2028.
This economic stimulus could help address Maryland’s fiscal challenges by increasing tax revenues and reducing reliance on state services.
OUR GOAL
The B.R.I.D.G.E. Program Bill aims to address Maryland's projected $6 billion structural deficit by 2030 through strategic investment in entrepreneurship and economic development.
Slow Economic Growth
Maryland ranks 49th nationally in job growth rate, with only 0.6% growth over the past year. The B.R.I.D.G.E. Program aims to stimulate job creation and economic growth by supporting business incubators in underserved areas.
Budget Deficit
Maryland faces a projected structural deficit of nearly $6 billion by fiscal 2030. By fostering entrepreneurship and business growth, the B.R.I.D.G.E. Program could contribute to expanding the tax base and increasing state revenues.
Limited Resources
Many underserved communities lack adequate resources for business development. The B.R.I.D.G.E. Program focuses on supporting qualified incubators in HUB Zones, Opportunity Zones, and underserved areas, fostering local economic growth.
Business Climate
Maryland's business friendliness ranking has declined from 24th to 37th nationally. By providing grants to establish diverse and effective business incubators, the B.R.I.D.G.E. Program aims to improve the state's business ecosystem and attractiveness to entrepreneurs.
LEAD SPONSOR IN THE MARYLAND SENATE
SENATOR ALONZO T. WASHINGTON
Senator Alonzo T. Washington, representing District 22 in Prince George’s County, is a dynamic leader committed to fostering economic empowerment and innovation. As a member of the Finance Committee and former Vice-Chair of the Ways and Means Committee, Senator Washington has consistently championed initiatives that promote inclusive economic growth. His sponsorship of the B.R.I.D.G.E. Program Program demonstrates his dedication to creating pathways for underrepresented entrepreneurs and addressing systemic disparities in business opportunities.
LEAD SPONSOR IN THE HOUSE OF DELEGATES
DELEGATE MELISSA WELLS
Delegate Melissa Wells, representing District 40 in Baltimore City, is a dedicated champion for workforce development and economic equity. As a member of the Ways and Means Committee and Chief Deputy Majority Whip, Delegate Wells brings extensive experience in labor relations and community development to her role. Her support for initiatives like the B.R.I.D.G.E. Program Program aligns with her ongoing commitment to expanding opportunities for underrepresented communities and promoting sustainable economic growth across Maryland’s diverse neighborhoods. With a background in policy and as Special Assistant to the President of North America’s Building Trades Unions, Delegate Wells consistently works to increase diversity in industries like construction and create pathways for economic security and empowerment for all Marylanders.