WRAL Tech Wire

Venture firm NEA to leave downtown Baltimore, citing crime concerns

Venture capital firm New Enterprise Associates is moving out of downtown Baltimore due to increase concerns about crime.

NEA, which also has offices in Chevy Chase, Md., California, China and India, said it would relocate 35 employees in Baltimore to suburban Timonium, according to the Baltimore Sun.

"We had people held up at gunpoint," said Louis Citron, NEA’s general counsel, according to the Sunn. "A number of us have had our cars broken into, and it's very expensive to get them repaired."

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