Senate Passes Cybersecurity Investment Fund Bill

The Maryland Senate passed legislation to create a new Cybersecurity Investment Fund to provide early stage seed funding for emerging Maryland companies focused on cybersecurity. The bill, SB 603, passed 46-0.

The Maryland Chamber supports the legislation. For a modest annual investment of $2 million, Maryland can bolster its reputation as a cybersecurity leader. Supporting Maryland’s cybersecurity industry at all levels has great potential for creating and retaining high paying jobs in Maryland.

The House version of the bill, HB 740, was approved by the House Economic Matters Committee by a vote of 13-8.

We will keep you informed as the legislation progresses. For more information, contact Mathew Palmer at mpalmer@mdchamber.org.

Legislative Issues Tag: Competitiveness

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