State Touts Successes in Investment and Innovation
Maryland Department of Business and Economic Development gave out more than $130 million in grants and loans, and $14 million in tax credits to life science companies.
Fiscal 2012 was a fruitful year for Maryland’s business environment—one that brought a groundbreaking state-university partnership to commercialize life sciences research, a pair of lucrative trade missions to Asia by Gov. Martin O’Malley, and national accolades for being at the forefront of innovation, according to the latest report from the state’s arm for spurring the state’s economy. The Maryland Department of Business and Economic Development's annual report, published Wednesday, touts the state as a “trailblazer in the Innovation Economy” and highlights the department’s successes in financing, tax credits and business assistance. From July 2011 to July 2012, DBED: Those moves helped Maryland garner the U.S. Chamber of Commerce’s top …
