Annapolis, MD (PRWEB) May 19, 2011
Joined by Maryland business leaders and elected officials, Governor Martin O’Malley today signed into law InvestMaryland – HB173 – an historic initiative which will infuse a minimum of $70 million into promising start-up and early stage companies in Maryland, creating the largest venture capital investment in the State’s history. The program, which will be rolled out over the next year and administered by the Maryland Department of Business and Economic Development (DBED), was proposed by Governor O’Malley nearly a year ago and received widespread support from the business community, academicians and industry experts during the legislative session. Among its benefits, the program has the potential to create thousands of jobs in Innovation Economy sectors – life sciences and biotechnology, cyber security/IT and clean/green tech and attract billions of follow on capital, all with no immediate cost to taxpayers. A video wrap up of the 2011 General Assembly session featuring interviews of Maryland’s business leaders is available here.
To read the full, original article click on this link: Governor O’Malley Signs InvestMaryland to Advance Innovation, Entrepreneurship - Press Release - Digital Journal
