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MARYLAND ECONOMIC DEVELOPMENT

EIN: 52-1376562Baltimore, MDZIP: 21202
501(c)(4)

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.

Financials

YearRevenueExpensesAssets
2022$202.2M$0$1B

Compensation

J THOMAS SADOWSKI JR
$294,514
$0
$249
$378,501
JAMES R MILLER
$170,786
$0
$12,627
$212,692
JOHN GENAKOS
$146,700
$0
$1,646
$191,888
AMY VELICH
$124,515
$0
$3,296
$170,532
LOUIS J NOCAR
$0
$0
$0
$114,509
MARY ANN MARBURY
$0
$0
$0
$0
SECRETARY JAMES F PORTS
$0
$0
$0
$0
HARRY SHASHO
$0
$0
$0
$0
JESSICA UNDERWOOD ESQ
$0
$0
$0
$0
SECRETARY PAUL J WIEDEFELD
$0
$0
$0
$0
DAVID YUNGMANN
$0
$0
$0
$0
TEHMA HALLIE SMITH WILSON
$0
$0
$0
$0
SCOTT DORSEY
$0
$0
$0
$0
SECRETARY KEVIN ANDERSON
$0
$0
$0
$0
MICHAEL COTTINGHAM
$0
$0
$0
$0
SECRETARY R MICHAEL GILL
$0
$0
$0
$0
JAMES HINEBAUGH JR
$0
$0
$0
$0
Data from IRS Form 990 filings (2022).