"InvestMaryland is a premium tax credit program designed to fuel $100 million in venture capital investment in Maryland businesses by auctioning premium tax credits to insurance companies that would bid between $.70 and $1.00 on each credit. The funds would be split, with $50 million deposited into the State’s 15-year-old Maryland Venture Fund (MVF), with a portion of those funds allocated to the Maryland Small Business Development Financing Authority (MSBDFA)."
This fund seems like a really great program. It seems to me that if the state is an investor in a project, then private investors will have more confidence in investing in Maryland companies as well. I think we should follow this closely. If it develops before the application is due, then we may be able to incorporate it in some way.
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