New Tech and Venture Capital Companies Move to Port Covington

The Port Covington Development Team announced last week that four additional companies have joined the roster of businesses located at office buildings City Garage and Impact Village.

The companies are:

• Olive, an AI-as-a-Service company designed specifically for healthcare
• Conscious Venture Lab, an early-stage business accelerator
• LINQ, a managed service provider for corporate cellular communication needs
• CoFactor Ventures, an Opportunity Zone private equity firm investing in local technology companies 

Olive is an Ohio-based company setting up a satellite office, Conscious Venture Lab relocated from Baltimore City Community College, and LINQ is relocating from Silo Point in Locust Point. This is the first office space for CoFactor.

“Our goal from the outset has been to create a thriving ecosystem of entrepreneurs and venture capital in Port Covington – to make connections, catalyze growth and create new opportunities in Baltimore City,” said Scooter Monroe, vice president and head of leasing for Weller Development, in a press release. “This region has a talent pool that can compete on a national level, and Port Covington is designed to help companies attract talent and grow.”  

“When we decided to set up ‘substations,’ or satellite offices, outside of our Ohio headquarters, we naturally selected Port Covington as the first location,” said Olive CEO Sean Lane in a press release. “It is exactly the kind of environment we seek: a vibrant city with a talented workforce, located near a flagship customer, great geographic location, and an environment that fosters innovation, creativity and growth.”

About the Author: Kevin Lynch

Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O's fan, father of three, amateur pizza chef, skateboarder, and "bar food" foodie. Email me at Kevin@InceptMM.com and follow me on Twitter at @SoBoKevin.