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Fort Ritchie funds transferred

April 07, 1998

CASCADE - The Maryland Information Technology Center, in conjunction with the High Technology Council of Maryland, has transferred $50,000 to PenMar Development Corp. to be used in part to promote the future of Fort Ritchie, according to a press release.

The funding is part of the state's $200,000 commitment to the 1998 World Congress on Information Technology, to be held in June in Northern Virginia.

The vision of Fort Ritchie as a future technology and training campus will be enhanced by PenMar's participation in the World Congress by providing an international focus on redevelopment there, the release said.

Working with the technology center and the technology council, PenMar will help expand the vision of the information technology experts into Western Maryland, the release said.

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The money also will give PenMar officials the opportunity to gain access to participants of the World Congress and begin a working relationship with the technology council as it broadens its mission of representing technology companies throughout Maryland, the release said.

The World Congress is expected to attract 1,800 of the top information technology experts from around the world.

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