Gov. Martin O'Malley (D) on Thursday rolled out a five-year economic development plan that was long on strategy but short on dollars to implement.
The plan, Charting Maryland's Economic Path, was developed after 18 months of input from more than 250 business owners from across the state, according to O'Malley's office.
While some of the initiatives in the plan — including the $70 million InvestMaryland fund to help bioscience and other technology companies launch and grow — have already passed legislative muster, other initiatives will have to wait until the economy is on the rebound in three to five years before there is the money to fund them, said Kathleen T. Snyder, CEO and president of the Maryland Chamber of Commerce and an ex-officio member of the Maryland Economic Development Commission, which developed the plan.
To read the full, original article click on this link: New O'Malley economic plan awaits key funding
Author: C. Benjamin Ford
