Small Business Finance News
Maryland Gov O'Malley Highlights Job Creation, Introduces Growth Plan
Written by Jenna Weiner
Points to 40,000 jobs that have been created since January.
In a recent Washington Post article, the Governor of Maryland laid out his plan to help small businesses around the state and highlighted the progress his government has made since the beginning of the year.
Governor Martin O'Malley wrote that since January, 40,000 jobs have been created in the state, and 5,500 of those jobs were in the retail and construction sector. He touted the implementation of the Job Creation and Recovery Tax Credit, which gives small businesses in the state a $5,000 credit for hiring workers who have been unemployed for an extended period of time. He also wrote about investments being made in emerging technologies.
"To strengthen our key growth sectors, we launched BioMaryland 2020, a 10-year, $1.3 billion investment in our life sciences industry, and we expanded the Biotech Tax Credit. Additionally, we launched CyberMaryland, which outlines a strategic plan for making Maryland the nation's epicenter for cybersecurity," O'Malley wrote in the newspaper.
Small business has been a major campaign issue in the 2010 race for Maryland Governor, pitting O'Malley against Republican challenger Bob Ehrlich in a race that has made a lot of news for small business owners. Ehrlich, who also wrote an article in the Post, said that under O'Malley, Maryland had become less business friendly.
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