ANNAPOLIS - The House of Delegates gave the initial green light Thursday to a modified version of Gov. Martin O'Malley's plan to fuel innovation and high-tech jobs by pumping tens of millions of dollars into a fund aimed at promoting startups.
The House is expected to cast a final vote Friday on O'Malley's marquee economic proposal for the session. The plan, dubbed "Invest Maryland," would allow the state to auction tax credits to insurance companies over a five-year period to fund early-stage companies specializing in fields such as biotechnology, cybersecurity and life sciences.
To read the full, original article click on this link: Gov.'s Venture Capital Proposal Gets Initial OK - Citybizlist Baltimore
Author: David Saleh Rauf
