For Immediate Release
Brad Wills
Wills & Associates Public Relations
240-752-7171

Tech Council of Maryland Releases 2016 Legislative Priorities for Maryland’s Innovation Economy

Rockville, Md. (January 12, 2016) The Tech Council of Maryland (TCM), Maryland’s largest technology trade association, released its 2016 Policy Platform today outlining the organization’s priorities in the areas of advanced technology, life sciences, taxation, transportation, higher education and workforce development for the upcoming Maryland General Assembly session, which begins January 13. TCM’s advocacy efforts will concentrate on further improving the business climate for technology and life science companies to grow and flourish in the state, and will include engaging with policymakers on improving the business climate for Maryland’s innovation economy.

“This is a critical year for Maryland’s innovation economy to continue to grow, and we look forward to working closely with the Governor and the General Assembly to raise the bar on economic development, job creation and workforce development, as well as corporate tax restructuring,” said Phil Schiff, TCM’s CEO. “Maryland’s technology and life science companies are the catalysts for innovation and job growth in Maryland, and the policy choices made in Annapolis each year are instrumental in helping our members compete on a national and international level.”

TCM’s 2016 Policy Platform specifically includes:

  • Increasing the availability of risk capital to support technology and life science job growth with important programs such as the existing Research and Development Tax Credit and Biotechnology Investment Incentive Tax Credit in Maryland.
  • Increasing opportunities for entrepreneurship and technology commercialization in Maryland.
  • Promoting a more competitive and modern regulatory environment for the technology and life science industries.
  • Support of Maryland’s corporate tax structure being revamped to increase stability and certainty for businesses, make the state more competitive and help attract new businesses to the state, increase job retention, and continue to implement long-term policy solutions for Maryland’s most important assets—its transportation and higher education systems.
TCM will outline the new Policy Platform at its Leadership Dinner, which is scheduled for January 28, 2016, at the Loews Annapolis Hotel. To register for the dinner, visit here.

About 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.