Governor pitches tax credit to spur investments in technology, bioscience

Gov. Martin O’Malley proposed a tax credit plan Tuesday intended to spur investment in Maryland’s technology and life sciences industries that could be worth up to $100 million.

Under O’Malley’s plan, the state would raise investment capital through auctioned tax credits to insurance companies in Maryland, which would purchase the breaks for redemption in 2015 or beyond, state officials said.

By Gus G. Sentementes

Full Story: http://www.baltimoresun.com/business/bs-bz-omalley-tech-investment-20100601,0,1295903.story