Apr 5th 2019 | Posted in Legislation/Policy by Taylor Perk

Maryland– The Maryland Legislature has introduced Senate Bill 175 that would establish the Maryland Technology Infrastructure Program, a funding effort that would support a range of activities, including workforce development programs, research partnerships and physical infrastructure projects. The fund would aim to bolster cybersecurity and life science initiatives.
The governor has allotted $16 million in initial funding to support the program that will be managed by the Maryland Technology Development Corporation, a state-backed venture funded organization created to support public-private partnership projects throughout the state. Maryland has been inspired by similar programs in other tech hubs across the nation and intends to grow its tech workforce and IT sector that generates $42 billion in economic activity and the life science sector that generates $17.7 billion in economic activity.