Maryland Gearing Up to Build New $91.5M Life-Sci Economic Development Agency

BioRegion News reports that Maryland is gearing up to launch a new agency for its life-sciences economic-development effort early next year — part of a series of industry-building moves that include a reorganization announced last week for the existing department charged with job attraction and retention. Early last year, shortly after taking office, Governor Martin O’Malley and state lawmakers agreed to create the advisory board. Among its goals:

* Promote life-sciences research, development, commercialization, and manufacturing in the state;
* Promote collaboration and coordination among the state’s life-sciences organizations;
* Promote collaboration and coordination among Maryland research universities;
* Craft strategies to draw into the state more life-sciences jobs and investment;
* Support federal life-sci facilities, defined to include support for education, transportation, housing, and capital investment; and
* Recommend policies to help fund new facilities and link entrepreneurs to venture capital.

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