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Displaying 1 - 20 of 20
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Maryland Budget Proposal Increases Support for State's Bio 2020 Initiative

Wednesday, January 28, 2009

In support of the state's goal to attract and grow biotechnology companies, Gov.

  • Read more about Maryland Budget Proposal Increases Support for State's Bio 2020 Initiative

Maryland Budget Supports BIO 2020 Initiative

Wednesday, April 28, 2010

Maryland legislators recently passed the FY11 budget, allocating $10.4 million for stem cell research and $8 million for tax credits for biotechnology companies. Many of the appropriations follow closely in line with Gov. Martin O'Malley's recommendations, which aim to support the Maryland BIO 2020 initiative, a statewide plan investing in biotechnology over 10 years.

  • Read more about Maryland Budget Supports BIO 2020 Initiative

MD Gov Proposes $100M Venture Fund; Recommends 19% Increase for Stem Cell Research

Wednesday, January 26, 2011

Gov. Martin O'Malley last week unveiled details of his proposed $100 million venture fund announced last year during his re-election campaign as an initiative to grow the state's knowledge-based industries, particularly within the life sciences sector (see the June 9, 2010 issue of the Digest).

  • Read more about MD Gov Proposes $100M Venture Fund; Recommends 19% Increase for Stem Cell Research

Budget RoundUp: States Seek Modest investments for S&T

Wednesday, January 23, 2013

Governors in several states recently unveiled spending proposals for the upcoming fiscal year or biennium. While fiscal conditions in most states remain fragile, new or continuing investments focused on science, technology and innovation were introduced as pro-growth measures to aid in states' recovery efforts. With the exception of New York Gov. Andrew Cuomo's ambitious economic development plan (see the Jan. 9 issue of the Digest), most of the proposals were on the modest side.

  • Read more about Budget RoundUp: States Seek Modest investments for S&T

Tax Credits Help Advance Maryland's Innovation Agenda

Wednesday, April 24, 2013

Maryland often has been at the forefront of innovation with a longstanding reputation for investing in science and technology to capture new opportunities for economic growth. This year's legislative session was no different. Lawmakers backed Gov. Martin O'Malley's proposals to support the state's bioscience sector, expand the R&D tax credit, enhance workforce training, and promote measures to establish the state as a leader in cybersecurity.

  • Read more about Tax Credits Help Advance Maryland's Innovation Agenda

Higher Ed a Priority in MD, MN, FL Budgets

Thursday, January 29, 2015

Governors in Maryland, Minnesota, and Florida proposed substantial funds to higher education in their budgets this week, with an emphasis on affordable education and expanded research capacity.

  • Read more about Higher Ed a Priority in MD, MN, FL Budgets

MD Innovation, Entrepreneurship Programs Survive Contentious Budget Negotiations

Thursday, April 23, 2015

Following a lively debate over education funding, state worker pay and pensions, Maryland legislators approved a $40 billion budget. Under the approved legislation, $68 million would be available to support the state's most expensive school districts. Gov.

  • Read more about MD Innovation, Entrepreneurship Programs Survive Contentious Budget Negotiations

Maryland invests in education, workforce

Thursday, January 26, 2017

Earlier in the month, Maryland Gov. Lawrence Hogan announced the 2017 Maryland Jobs Initiative, a legislative package that would eliminate all state taxes for 10 years for new manufacturing employers that create jobs in high unemployment areas, as well as incentives for current employers who expand their workforce in those areas.

  • Read more about Maryland invests in education, workforce

IN, MD continue funding innovation

Thursday, May 4, 2017

As the state budgeting process comes to a close, SSTI will report over the coming weeks on actions taken by state legislatures to invest in economic growth through science, technology, innovation and entrepreneurship. This week, we look at the budgets passed and signed by governors in Indiana, which includes new funding for an institute focused on health and life-sciences research and commercialization, and Maryland, which includes funding for the Maryland Technology Development Corporation.

  • Read more about IN, MD continue funding innovation

MD, SC Boost Defense Industry Support in Budgets; TBED Proposals Released in AZ, MO

Thursday, January 21, 2016

Many governors around the country have begun laying out priorities for the next legislative session. In the coming weeks, SSTI will review gubernatorial addresses and budget proposals related to economic development. This week, we highlight developments in Arizona, Maryland, Missouri and South Carolina.

  • Read more about MD, SC Boost Defense Industry Support in Budgets; TBED Proposals Released in AZ, MO

MD Approves Budget, University Unification Plan to Boost Baltimore Innovation Economy

Thursday, April 14, 2016

Maryland legislators recently approved a $42.3 billion fiscal year 2017 spending bill that incorporates many of the funding levels included in Gov. Larry Hogan’s proposal. Gov. Hogan made education a main focus of his proposal, and the final bill would hold university tuition increases to no more than 2 percent. In addition, legislators formalized the growing strategic partnership between University of Maryland campuses in Baltimore and College Park.

  • Read more about MD Approves Budget, University Unification Plan to Boost Baltimore Innovation Economy

Manufacturing Resurgence Attracts Attention of State Legislatures

Thursday, June 26, 2014

The recent uptick in U.S. manufacturing activity, along with the attention generated by additive manufacturing and the Makers movement, has led to an increase in state initiatives to help cash in on this growth. In recent months, New York, Connecticut, Maryland, and Arizona have all taken steps to build stronger manufacturing sectors through research collaborations, grants and tax credits. Leaders in Colorado and New Jersey have pursued their own cluster-specific efforts to build stronger high-tech industries.

  • Read more about Manufacturing Resurgence Attracts Attention of State Legislatures

Lab Space, Commercialization Support Backed by State Governments

Thursday, June 26, 2014

State legislators in many parts of the country took action this year to fund the construction of research infrastructure and provide financial support for commercialization. In Kansas, New York, Georgia, Maine and Wyoming, legislators funded the construction of laboratories and other innovative spaces at public universities to boost the high-tech economy. In Colorado, Maryland and a number of universities, new initiatives were rolled out to support public-private research collaborations and the commercialization of cutting-edge technology.

  • Read more about Lab Space, Commercialization Support Backed by State Governments

Lawmakers Tackle Workforce, STEM and Higher Ed Policy

Thursday, June 26, 2014

Addressing accessibility, affordability and ensuring workforce preparedness topped legislators’ agendas in many states during the 2014 sessions. States and regions are increasingly competing for talent as the trend toward growing and nurturing innovation ecosystems continues.

  • Read more about Lawmakers Tackle Workforce, STEM and Higher Ed Policy

States Shift Priorities Toward Long-Term Research Capacity Building

Thursday, June 26, 2014

With an eye toward long-term payoffs associated with investments in research, lawmakers dedicated funds and strengthened ties with industry partners. Some states made significant investments in facilities and R&D to grow cancer research capabilities, while others looked to universities to establish new avenues for discovery or attract star researchers. In Washington, the life sciences community banded together to save a nine year-old grant fund that invests in R&D and helps the state remain competitive.

  • Read more about States Shift Priorities Toward Long-Term Research Capacity Building

MD Session Ends on High Note for Tech Sector, University-based Economic Development

Wednesday, April 16, 2014

The FY15 budget bill passed by Maryland lawmakers increases funding for three of the state’s high-tech tax credits and provides level funding for continued innovation-focused investments. Lawmakers also passed bills to fund endowed chairs, create zones to incentivize businesses, and establish a statewide internship program connecting students to small, technology businesses.

  • Read more about MD Session Ends on High Note for Tech Sector, University-based Economic Development

Three High-Tech Tax Credits Expanded in Maryland Gov’s Budget

Monday, January 20, 2014

Gov. Martin O’Malley’s FY15 budget includes increased funding for the state’s biotech tax credit, cyber tax credit and R&D tax credit, and provides level funds to continue longstanding tech-based and workforce initiatives.

  • Read more about Three High-Tech Tax Credits Expanded in Maryland Gov’s Budget

Maryland’s first State of the Economy report finds almost a decade of stalled economic and population growth

Thursday, January 11, 2024

Last week (Jan. 3), Maryland’s state comptroller released the state’s first State of the Economy report.

  • Read more about Maryland’s first State of the Economy report finds almost a decade of stalled economic and population growth

Maryland Gov. proposes $56 million for Opportunity Zone programs

Thursday, January 24, 2019

Maryland Governor Larry Hogan’s FY 2020 budget proposal includes $56.5 million in new funding to attract businesses to Opportunity Zones. Other new innovation funding would support manufacturer hiring credits and a seed fund for minority entrepreneurs. Under the governor’s proposal, TEDCO, the state’s primary innovation agency, would see its spending increase from $27 million to $45 million.

  • Read more about Maryland Gov. proposes $56 million for Opportunity Zone programs

Maryland moving on innovation initiatives to grow state economy

Thursday, March 2, 2023

In his budget proposal, Maryland Gov.

  • Read more about Maryland moving on innovation initiatives to grow state economy

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