Auto Insurance Maryland

Gov. Martin O'Malley was expected to announce an administrative and legislative initiative to spur venture capital investment in Maryland's technology sector. The program is called "InvestMaryland" and it will be run by the Maryland Department of Business and Economic Development. The governor called it "a public-private partnership to fuel venture capital investment in our innovation economy, such as bioscience companies," according to prepared remarks given to The Baltimore Sun. 

How will it work? According to O'Malley: Insurance companies will be eligible for state issued tax credits and in turn they would invest dollars today in Maryland’s venture infrastructure. These credits will be deferred until 2015. A minimum of half these investments will flow into the Maryland Venture Fund. The balance will flow into Maryland based venture capital firms for the purposes of getting critical capital to Maryland businesses so they can create jobs and advance innovation in fields like the biosciences.

http://weblogs.baltimoresun.com/news/technology/2010/06/omalley_invest_maryland.html 

For more information, contact Rosenkilde & Associates at 800-564-0169

Posted 11:39 AM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version


ROSENKILDE & ASSOCIATES, RIPPLE & ASSOCIATES, SCALLA INSURANCE
Members of the ABCO/ICS Insurance Services, Inc. Group
All rights reserved 2013