Maryland Gov. Martin O’Malley has a new proposal aimed at boosting the amount of venture capital for businesses like bioscience companies.
The governor rolled out the proposal earlier this month during a speech to academic, business and government officials in Rockville.
The plan, which is called InvestMaryland, will require approval by the Legislature. Under the proposal, insurance companies would be eligible for state tax credits, if they invest in Maryland’s venture infrastructure. The money would be directed to Maryland-based venture capital firms to get money to businesses creating jobs in fields like biosciences and nanotechnology.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Space Startups Seek Insurance for Orbital AI Data Centers 
Capital Factory CEO Killed in Private-Jet Crash in Texas 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters From This Issue
