TEDCO Announces Selection of SSBCI Advisor and Allocator

TEDCO, Maryland’s economic engine for technology companies, announced today it has selected Recast Capital to help identify 3-4 traditionally underrepresented early-stage venture capital fund managers. In this role, Recast Capital will review and recommend venture fund managers that have the processes and structures to responsibly manage and invest up to $10 million U.S. Department of the Treasury SSBCI (State Small Business Credit Initiative) funds on behalf of TEDCO.