SOURCE: Tech Council of Maryland

Tech Council of Maryland

December 14, 2010 09:13 ET

Tech Council of Maryland Releases 2011 Legislative Priorities for Technology and Biotechnology

ROCKVILLE, MD--(Marketwire - December 14, 2010) -  The Tech Council of Maryland (TCM), Maryland's largest technology trade association with nearly 500 members employing more than 250,000 in the region, released its 2011 Policy Platform. The Policy Platform calls on state policymakers to create a new program that helps capitalize innovative companies and increase funding for valuable economic development tools, such as the Biotech Tax Credit, Maryland Venture Fund, R&D Tax Credit, Maryland Industrial Partnerships (MIPS) and programs at the Maryland Technology Development Corporation (TEDCO). TCM's Policy Platform also asks for opposition to new business taxes and harmful corporate tax changes, including combined reporting, and encourages the development and implementation of long-term, stable funding solutions for Maryland's transportation infrastructure and higher education system. The 2011 session of the Maryland General Assembly is set to begin January 12.

TCM's 2011 Policy Platform outlines the organization's specific priorities in the areas of advanced technology, biotechnology, tax climate, transportation, higher education and workforce development. TCM's advocacy efforts during the 2011 session of the Maryland General Assembly will focus on further improving the Maryland's business climate so that technology and biotechnology companies can start, grow and flourish. As the only technology association with a full-time advocacy staff in Annapolis, TCM works year round advocating the interests of Maryland's most innovative growth industries.

"The 2011 General Assembly Session will see difficult and challenging fiscal issues that will impact all levels of government and directly affect the State's economic competitiveness," said Renée M. Winsky, CEO of TCM. "The Tech Council of Maryland looks forward to working with our policymakers and the Administration in Annapolis to advance the interests of our membership, create programs that enable and advance innovation, and assure that Maryland is on the forefront of our nation's economic recovery."

Legislative accomplishments during the 2010 session included increased funding to $8 million for the Biotech Tax Credit, a new Task Force on Nanobiotechnology and no new taxes on innovative companies. TCM has worked closely with both legislative leaders and the Governor's Office to ensure continued state support for critical funding for programs such as the Maryland Biotechnology Center, Enterprise and Challenge Programs, TEDCO and stem cell research.

To download a copy of TCM's 2011 Policy Platform, click here.

ABOUT THE TECH COUNCIL OF MARYLAND
 
The Tech Council of Maryland (TCM) is the largest technology trade group serving the advanced technology and biotechnology communities of Maryland. TCM's mission is to advocate for the interests of the technology community, further the role of technology in the Maryland economy, and nurture an environment where technology companies can collaborate, grow and succeed. For more information, visit www.techcouncilmd.com.

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