Fiscal year ending 2023. Filed on April 15, 2024.
7 Saint Paul Street 940
Baltimore, Maryland 21202
Maryland Economic Development Corporation (EIN: 52-1376562) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Maryland Economic Development Corporation, a 501(c)(4) civic league or social welfare organization, reported compensation for 6 out of 18 total employees. Among the employees shown here, the average compensation is $201,372. The highest compensated employee at Maryland Economic Development Corporation is J Thomas Sadowski Jr with fiscal year 2023 compensation of $378,501.
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Expenses
Employee compensation
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.
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