The final version of the InvestMaryland legislation the General Assembly passed Monday night would give at least $47 million to private venture investors and $17.5 million to the Maryland Venture Fund.
The program had been touted as a $100 million venture capital plan by Gov. Martin O’Malley, but concerns from lawmakers scaled it back to more in the neighborhood of $70 million to $75 million. It had also been proposed to divide its money in half between private investors and state programs, but changes made in the House revised that breakdown to two-thirds for private investors and one-third for state programs.
To read the full, original article click on this link: InvestMaryland would put $18M in Maryland Venture Fund | Baltimore Business Journal
Author: Scott Dance
