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Filing year 2022

MARYLAND ECONOMIC DEVELOPMENT

Baltimore, Maryland·EIN 52-1376562·4
Total revenue
$202.2M
Total assets
$1B
Total expenses
$0
Reported officers
21
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 6 reported individuals · Filing year 2022

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
Executive Director and Secretary
$379k
Director of Re & Development
$192k
Director of Financing
highest compensated employee
$171k
Asst Director of Financing
highest compensated employee
$140k
Controller
highest compensated employee
$115k

Plus 15 unpaid individuals.

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