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Hogan proposes expanded jobs, economic development initiatives
//December 13, 2017
Gov. Larry Hogan Wednesday proposed legislation to increase incentives for expanding manufacturing and economic development in the state.
Included in Hogan’s proposal is an expansion of a manufacturing tax credit that went into effect in June from $9 million to $15 million. Additionally the proposal would be expanded to allow businesses locating in rural counties of Garrett, Caroline, Kent and Wicomico to be eligible.
“For nearly three years, the focus of our administration has been on growing our private sector, putting more people to work, and turning our economy around – and that is exactly what we have done,” said Governor Hogan. “The initiatives we are announcing today will help us to create an environment of economic opportunity for every Marylander, and to accelerate growth in some of the sectors where Maryland already leads.”
None of the legislation was immediately available to reporters.
Hogan’s announcement also included:
- $33 million to launch a partnership with the University System of Maryland to increase the number of degrees awarded in the science, technology, engineering and math fields.
- Funding to provide matching grants for internship stipends under the Maryland Technology Internship Program.
- Legislation to incentivize cybersecurity companies to grow in the state. A 2016 bill proposed by the governor called for $3 million in grants. That bill failed.
- A partnership between the state, Johns Hopkins University and Cognate Bioservices and Forest City to invest $17 million to establish the Maryland Center for Cell Therapy Manufacturing in Baltimore City.
The governor’s office said that the More Jobs for Marylanders Act had prompted 17 companies to file official applications to create about 450 new jobs, including Marlin Steel and Tulkoff Foods in Baltimore City, Alertus Technologies in Prince George’s County, Lanco Dairy Farms in Washington County, and Sherwin-Williams in Somerset County.
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