How Gov. Larry Hogan hopes to make Maryland 'the leader in innovation' - Technical.ly Baltimore

Civic

Jan. 27, 2017 1:34 pm

How Gov. Larry Hogan hopes to make Maryland ‘the leader in innovation’

Here's a look at what's on Hogan's tech agenda.

Gov. Larry Hogan announces the Maryland Tech Council in January 2017.

(Photo by Stephen Babcock)

Along with announcing a merger of two of the state’s big tech councils on Tuesday night in Annaoplis, Gov. Larry Hogan talked about how the state wants to help the tech community.

He talked about meeting with Israeli cybersecurity companies during a trip last year and opening the upgraded version of the MdBio Foundation’s mobile eXploration lab earlier that day.

With the General Assembly session in full gear, it was no mistake that the meeting was just steps from the State House. Tech has also been on the agenda for Hogan in Annapolis this year.

The governor is backing a proposal to make changes to the state’s cybersecurity investment tax credit. Under the bill, the credit goes to the investor rather than the company.

“It didn’t used to be able to apply to investors, and now we’ve changed that so we can provide incentives to investors in order to provide more capital for startup companies to help them grow and create jobs,” he said.

Support from the governor is a sign that such proposals are getting more political traction. In Hogan’s two prior sessions, bills that would’ve created a tax credit for angel investors were proposed and supported by the Greater Baltimore Committee as well as the Baltimore tech community, but did not pass in the General Assembly.

This week, he also announced the Maryland Education Innovation Fund, which is funded with a $1 million allocation to provide planning grants to schools for STEM education. Another bill formalizes the P-Tech program, which began in Baltimore this year. The governor is seeking expansion of the program to an additional six schools in the state.

Advertisement

The governor’s talk made clear that tech is part of the wider economic picture in the state and a piece of a business-minded administration that quickly touted the state as being “open for business.” He talked about a proposal to eliminate state taxes for 10 years for companies that create manufacturing jobs in areas of the state with the highest unemployment, including Baltimore city. The bill, called the More Jobs for Marylanders Act, is the center of his economic agenda.

“My goal is for the state to be the leader in entrepreneurship, the leader in innovation and next generation technology and the leader in groundbreaking research and discovery, that addresses some of the greatest medical mysteries of our time,” he said.

People: Larry Hogan
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

With state-backed program, Maryland looks to grow paid internships at tech companies

Maryland just opened up a tax credit for cybersecurity investors

Kenrick Gordon named director of Maryland Office of Rural Broadband

SPONSORED

Baltimore

Win up to $360,000 for your startup at the WeWork Creator Awards

New York, NY

LiveLike

Tech Lead, Mobile

Apply Now
Canton

TrackOFF

Quality Assurance Engineer

Apply Now
Canton

TrackOFF

IOS/Swift Developer

Apply Now

Paragon Bioservices gets state, county aid for expansion

Maryland announces plans for text to 911 system

The Maryland General Assembly is once again considering an angel investor tax credit

SPONSORED

Baltimore

How Think|Stack and Year Up are cultivating local tech talent

Canton

TrackOFF

Web Developer

Apply Now
Baltimore

FX Well

Mobile Software Developer

Apply Now
701 East Pratt Street Baltimore, MD 21202

Institute of Marine and Environmental Technology/UMBC

Assistant Director

Apply Now

Sign-up for daily news updates from Technical.ly

Do NOT follow this link or you will be banned from the site!