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 on Tuesday 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 This material may not be published, broadcast, rewritten or redistributed.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.
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
