Plus, how racism hurts the US economy.

Newsletter for February 20, 2024

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Technical.ly Baltimore logo and tagline: News for technologists and entrepreneurs

First, take a moment to watch this Instagram reel featuring some hilarious sibling-in-STEM banter.

 

Then, as you dive into today's newsletter, you'll find a guest post shedding light on the detrimental economic impact of underfunding Black founders.

 

Additionally, we had the opportunity to attend a tech roundtable featuring mayoral candidate Sheila Dixon — yes, that Sheila Dixon, who served as Baltimore's mayor just a year before HBO's "The Wire" was canceled.

 

— Alanah, Technical.ly lead reporter for Baltimore

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Pic of the Day: Alanah and some of the crew from Baltimore's Hiatus Cheesecake team.  (Baltimore Homecoming)
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This mayoral candidate wants municipal workers to return to their offices

Last week, Technical.ly editor Sameer Rao attended an event where former Baltimore mayor and current mayoral candidate  Sheila Dixon advocated for a return to office for municipal workers. Dixon stressed the significance of this move in revitalizing downtown businesses and improving communication between private enterprises and city agencies. Despite the comfort of remote work, Dixon highlights the adverse effects on small businesses and downtown areas, underscoring the importance of bringing people back to offices.

 

Read more from Sameer's report on the event, a tech industry roundtable that featured comments on various local economic development issues — and a reveal about an upcoming membership club for the tech world.

 

➡️ Find out more about this story in Sameer's full report here.

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(L TO R) JOEL BENGE (IN BACK), SALIL CHOUDHARY, SHEILA DIXON, COLIN CHAPMAN (ON SCREEN), HAKIM DYER AND JANAN BROADBENT. (TECHNICAL.LY/SAMEER RAO)

Underfunding Black founders hurts the US economy

Melissa Bradley, founder of DC-based 1863 Ventures, highlights the significant economic impact of racism on the United States in a new guest post. Citing a Citibank report estimating losses of at least $16 trillion, she emphasizes that eradicating racism could add an additional $5 trillion to the US economy. Despite these staggering figures, underfunding and marginalizing Black founders persist, hindering American prosperity. Bradley further argues that lawsuits against organizations serving people of color not only lack foresight but also impede economic growth.

 

➡️ Find out more about this story in Melissa's full guest post here.

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RACISM IS COSTING THE ECONOMY THE WEALTH THAT BLACK INNOVATORS GENERATE.(PEXELS/PICHA STOCK)

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News incubator: What else to know today?

• Baltimore Peninsula released its Impact Report for 2024, featuring a plethora of founders from the local tech and entrepreneurship ecosystem. [Baltimore Peninsula]

 

• Loyola University Maryland has a new strategic plan. "Together We Rise" will aim to define the University as a preeminent university for student success.  [YouTube/Loyola]

 

• According to GovEx, letting a chatbot respond to resident service requests could make your city government more efficient, but it could also spread misinformation. [GovEx]

 

• During Black History Month, Kiante Bush, the CEO of Venture for T.H.E.M. and winner of the 2023 Black Ambition Prize, encourages people to delve into the insights from the book "Why Should White Guys Have All The Fun?" by Reginald Lewis, a gift from his grandfather. [LinkedIn]

 

• The US Department of State’s Bureau of Educational and Cultural Affairs recognized the Maryland Institute College of Art as one of the top-producing institutions of Fulbright US Student Program selectees. [MICA/LinkedIn]

Sponsored news: Point of interest

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How a unique competition united students from different backgrounds

Arti Santhanam, Al Delia and Michael Flinn discuss MII’s vision for fostering intellectual property generation in comprehensive universities across Maryland.

Chart of the day: Stats of interest

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State Job Openings and Labor Turnover  (US Bureau of Labor Statistics)


🗓️ On the Calendar

• "Scaling Deep," a new leadership program for women in the Baltimore tech and startup ecosystem, kicks off in April. [Details here]


• CIAA Tech Summit House is coming up in early March. [Details here]


• Baltimore Museum of Industry is hosting its FREE Rhythm of Industry series during its extended hours this Wednesday, Feb. 21. [Details here]


Job market: Find your place

Senior DevOps Engineer at Pinnacle 21 by Certara

About Certara   Certara accelerates medicines using proprietary biosimulation software, technology and services to transform traditional drug discovery and development. Its clients include more...Find out more »

Staff Software Engineer at Pinnacle 21

Overview Our engineers are working to solve complex problems in clinical data processing, analysis, modeling, standardization, and integration.  You will lead a team of engineers to build out...Find out more »

Product Manager at Pinnacle 21

Overview As a Product Manager embedded in our Data Sciences Software division you belong to the functional team whose work encompasses product strategy, product delivery, product management...Find out more »

➡️ Search all open jobs and hiring companies

This Week in Jobs: Hurkle-Durkle your way into a new career with these 23 open roles

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