The Montgomery County Economic Development Corporation (MCEDC) has launched a tech accelerator to introduce promising technologies to an industry that plays such a vital role in the county’s economy: hospitality.
The accelerator debuted this week with a cohort of six companies, all developing technologies focused on sustainability. MCEDC chose sustainability as the theme of the first cohort after noticing that homegrown companies like Bethesda’s Marriott International Inc. and Rockville’s Choice Hotels International Inc. had been setting aggressive targets for things like reducing waste and lowering carbon emissions.
Marriott (NASDAQ: MAR), for example, has said that by 2025 it wants to reduce food waste by 50% and generate a minimum of 30% of its energy from renewable sources. Choice Hotels (NYSE: CHH) has set its own sustainability initiatives, such as phasing out the use of single-use polystyrene by 2023 and eliminating single-use shampoos and other bath amenities by 2025.
“Future…
Read the full story from the Washington Business Journal.
