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Ulman announces ‘Conscious Venture Lab’ in Howard Co.

Howard County Executive Ken Ulman announced that the county is creating a “Conscious Venture Lab” at the Maryland Center for Entrepreneurship.

The lab will be a business accelerator with the goal of developing companies and leaders committed to the concept that capitalism can be a force for positive change.

The Maryland Center for Entrepreneurship, an arm of the Howard County Economic Development Authority, is providing $800,000 for programming, staffing and other services for the Conscious Venture Lab.

The accelerator is a partnership with the Porter Group LLC, a New York-based investment group whose principals believe that companies should define their “stakeholders” broadly and focus on ethical transactions, community ties and job creation.