Status report as lawmakers enter last week of highly-charged session

Entering the final week of the 2006 legislative session, we can report a number of successes on the GBC legislative agenda that have resulted. Unfortunately, as we anticipated, a number of our new proposals, although positively received, have not moved through the legislative cycle. The following is an overview...
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GBC urges passage of tax credit for businesses locating in university research parks

The Greater Baltimore Committee is urging state lawmakers to pass a newly proposed tax credit for businesses that locate at research parks affiliated with one of Maryland’s higher education institutions. Legislation that would create the tax credit, SB 739, was heard today by the Senate Budget and Taxation Committee. Sponsored by Senator Nathaniel J. McFadden, D-Baltimore City, the bill would award a state income tax credit to companies moving into … Continue reading

GBC, Daily Record’s 2006 Bioscience Report profiles a ‘percolating’ region

Bioscience industry growth in Baltimore and Maryland is “beginning to percolate, and others elsewhere are noticing,” reports GBC president Donald C. Fry in the Daily Record’s annual TechLink special section that profiles the state of the region’s growing bioscience business sector. Published in the Daily Record’s February 24 edition, the section details the work of more than a dozen biotech companies in the region and the efforts of the GBC … Continue reading

GBC urges lawmakers to bolster tax credits for R&D and for biotech investments

The Greater Baltimore Committee March 1 urged state lawmakers to increase the amount of tax credits available in Maryland for investment in research and development. The GBC also supported legislation that would increase the amount of tax credits individuals and companies could receive for investing in emerging biotechnology companies. “These tax credits are vitally important tools for nurturing growth among technology companies,” said GBC president Donald C. Fry. “They also … Continue reading

GBC Voices Support for Capital Budget Funding of Regenerative Research Center at UMB

Following is the text of a February 21 letter from GBC president Donald C. Fry to Senate Budget and Taxation Committee chairman Ullysses Currie voicing support for including $13.5 million in the FY 2007 capital budget for the proposed Center for Regenerative Research at the University of Maryland, Baltimore: Dear Senator Currie: Please allow this letter to serve as a statement of support for full funding for the proposed Center … Continue reading

Four firms and research center garner GBC’s first Baltimore region Bioscience Awards

Four area biotech CEOs and a research center located at the University of Maryland School of Medicine today were honored by the Greater Baltimore Committee as winners of the region’s first bioscience award competition. Winners of the Greater Baltimore Region Bioscience Awards are: Entrepreneurial Spirit: Dr. Ginette Serrero, CEO, A&G Pharmaceutical, Inc., Columbia, Maryland. Serrero transformed her research on a new biomarker for breast cancer into a company that is … Continue reading

GBC’s first Bioscience Awards draws 31 nominees

Thirty-one nominees will vie for awards in four categories at the Greater Baltimore Committee’s first Annual Greater Baltimore Region Bioscience Awards, which will be presented on February 21 during 8 a.m. breakfast ceremonies in the GBC Board Room. Supporting the development of the emerging bioscience industry in the Baltimore region is one of the GBC’s top long-term priorities. As part of this effort, the awards program was established to recognize … Continue reading

Greater Baltimore Committee launches new bioscience Web site

The Greater Baltimore Committee Feb. 13 launched a new Web site for its regional bioscience initiative. The new Web site, titled “GBC BioScience Connector,” will be used as a communication tool to educate business, community and political leaders about the regional economic growth in the life science industry. “The GBC bioscience Web site will make it easier for researchers, scientists, students, media and the general public to find information about … Continue reading

Greater Baltimore Committee proposes tax credit for businesses locating in research parks

The Greater Baltimore Committee is urging state lawmakers to create a tax credit for businesses that locate at research parks affiliated with one of Maryland’s higher education institutions. Legislation that would create the tax credit, SB 739, has been filed by Senator Nathaniel J. McFadden, D-Baltimore City, and is before the Senate Budget and Taxation Committee. The bill would award a state income tax credit to companies moving into an … Continue reading

Greater Baltimore Committee’s 2006 General Assembly priorities

Enactment of more aggressive tax credit programs and other funding to nurture the growth of life sciences and technology businesses are among the Greater Baltimore Committee’s top legislative priorities for the 2006 General Assembly session. The GBC will also work to oppose legislation that could inhibit the state’s use of eminent domain to acquire land for economic development purposes. The region’s most prominent organization of business and civic leaders, the … Continue reading