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 This material may not be published, broadcast, rewritten or redistributed.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.
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Verisk: Insurance Claims Volume Fell to 5-Year Low in 2025 From This Issue
