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March

Turkish delegation taps Maryland for biotech inspiration
MDBizNews
Known for its ancient castles and seaside mosques, the Turkish city of Trabzon is looking to raise its profile on a new  front—biotechnology.
Read More...

33 Start-Ups Advance in InvestMaryland Challenge
Press Release
The Maryland Department of Business and Economic Development (DBED) today announced that 33 start-up companies have advanced to the next round of the State’s inaugural InvestMaryland Challenge, a national business competition offering three $100,000 top prizes and another $125,000 in cash and in-kind awards, as well as opportunities for startups to showcase themselves to potential investors. Read More...

February

Brenda McKenzie named Baltimore Development Corp. president
Baltimore Business Journal
Brenda McKenzie, a high-ranking economic development official in Boston, has been named the next president and CEO of the Baltimore Development Corp.. Read More...

Dominick Murray will be next Maryland economic development
secretary
Washington Business Journal
Dominick Murray has been confirmed by the Maryland Senate Executive Nominations Committee to be the next head of the state's economic development office. Read More...

January

Two new VCs join InvestMaryland program
Baltimore Business Journal
Two more venture capital firms have been selected to receive money for investing in early-stage businesses through the state’s InvestMaryland program. Read More...

O'Malley proposes increase in Maryland health care spending: A breakdown
Washington Business Journal
Health care will be getting a big bump in spending next fiscal year in Maryland if Gov. Martin O’Malley has his way. The governor’s proposed budget for fiscal 2014, which begins July 1, includes $10.4 billion for the Department of Health and Mental Hygiene. That’s an increase of 4 percent, or $397.6 million, from fiscal 2013, the Baltimore Business Journal reports. Read More...

December

Christian Johansson leaving DBED for job at Laureate
Baltimore Business Journal
Christian S. Johansson, Maryland’s top economic development official, is leaving his post to join Laureate Education. Read More...

Governor O'Malley announces Grotech Ventures selected as first InvestMaryland venture capital firm 
Press Release
Governor Martin O’Malley and Peter Greenleaf, chairman of the Maryland Venture Fund Authority, today announced that Grotech Ventures – a local venture capital firm – has been selected as the first private venture firm to receive funds to invest through the State’s $84 million InvestMaryland program. Read More...

November

Newswatch: InvestMaryland targets three more startups
Gazette.net
Three Maryland startups — a biodefense company, a producer of miniature antennas and an online retailer of eco-friendly home furnishings — are the latest recipients of state investments. Read More...

I-270 transit line caught in legal battle over 'Science City'
Washington Examiner
Plans for a new transit system that would carry residents from Shady Grove north to Frederick is getting caught up in the fight over Johns Hopkins University's right to build a "Science City" in Gaithersburg.
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O'Malley discusses medical innovation jobs
The Daily Record
Gov. Martin O’Malley joined the governors of Delaware and West Virginia in Baltimore on Friday to discuss how states have found biopharmaceutical research companies to be an important source of jobs, tax revenue and research spending. Read More...

State Establishes New Tech Transfer Fund
BmoreMedia.com
The state and five universities are spending upwards of $5.8 million to help startups move from concept to a company. Read More...

March

Mikulski Continues Maryland Biotechnology Listening Tour in Montgomery County
Press Release
U.S. Senator Barbara A. Mikulski (D-Md.), a senior member of the Senate Health, Education, Labor and Pensions (HELP) Committee, continued her Maryland biotechnology listening tour at a roundtable discussion with Montgomery County pharmaceutical companies at Human Genome Sciences, Inc. Read More...

Governor Martin O'Malley Announces $84 Million in Investment for Maryland's Innovation Economy
Press Release
Governor Martin O’Malley and Peter Greenleaf, chairman of the Maryland Venture Fund Authority, today announced that $84 million has been raised for Maryland’s Innovation Economy through InvestMaryland – an historic initiative created by the Governor and passed by the General Assembly last year to invest in the State’s promising start-up and early stage companies.
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December

O'Malley: $60M in business deals through India trade mission
Washington Business Journal
Gov. Martin O’Malley on Monday touted nearly $60 million in business deals for Maryland that stemmed from a recent trade mission he and local business leaders took to India. Read More...

$3B LifeSci Village proposed for 300-acre White Oak site
Washington Business Journal
Montgomery County will partner with locally owned Percontee Inc. to redevelop roughly 300 acres in White Oak as a mixed-use, life science-driven campus adjacent to the Food and Drug Administration headquarters and future Washington Adventist Hospital, county officials announced Friday.
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Nearly 90 medicines and vaccines in development for HIV/AIDS
Fierce Biotech
America's biopharmaceutical research companies are testing 88 medicines and vaccines to treat or prevent HIV/AIDS and related conditions, according to a report by the Pharmaceutical Research and Manufacturers of America (PhRMA). Read More...

November

Maryland, India seek to boost trade opportunities
Washington Business Jounal
Maryland officials and Indian trade representatives aligned Tuesday to further boost already surging imports and exports between the two regions.
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State says four private labs in Frederick County work with ‘select biological agents’
Gazette.net
Frederick County has four registered laboratories working with “select biological agents,” but the location, type of agent, and other details of those labs remain confidential, according to a state official. Read More...

Maryland ranks 24th for business climate
Baltimore Business Journal
Maryland is No. 24 in Site Selection magazine’s 2011 Top Business Climate ranking. Read More...

October

18 Maryland tech firms make Deloitte's Fast 500
Baltimore Business Journal
Deloitte’s 2011 ranking of the 500 fastest-growing technology companies lists 18 headquartered in Maryland. Read More...

July

Leggett: Montgomery County to offer biotech tax credit
Gazette.net
Montgomery County used this week’s Biotechnology Industry Organization’s annual international convention to make its own mark.
Read More...

June

Tech Council of Maryland Congratulates Sen. Nancy King for Being Named 2011 BIO State Legislator of the Year
MSNBC.com
The Tech Council of Maryland (TCM), Maryland's largest technology and biotechnology association with nearly 500 members employing more than 250,000 in the region, today congratulated Maryland Sen. Nancy J. King for being named the 2011 BIO State Legislator of the Year, an annual award that recognizes a legislator who makes an outstanding contribution to advancing the biotechnology industry in his or her state. Sen. King was presented her award at a press conference this afternoon during the 2011 BIO International Convention in Washington, D.C. Read More... 

Maryland Life Sciences Drive $17.6 billion in State’s GDP, report says
MDbizMedia
Maryland’s life sciences industry employs 160,030 people — 71,600 directly – and accounts for 6.5% of the state’s GDP, roughly $17.6 billion in economic activity, supporting $500 million in income and sales taxes annually, according to a report conducted by the Maryland Department of Business and Economic Development. Read More...

Maryland Officials Recap Economic Development Trip to Asia
MDbizMedia
Governor O’Malley, Secretary Johansson, University of Maryland College Park President Loh, and many Maryland business owners debriefed local media on their recent trip to Asia in Annapolis yesterday.  The 68-member delegation traveled to Asia, visiting China, Korea and Vietnam, to create partnerships that resulted in million dollar investments for Maryland businesses. Read More...

Supreme Court limits patent rights of university research
WashingtonPost.com
Chief Justice John G. Roberts Jr. said that a 1980 federal statute allocating patent rights involving federally funded research did not change that basic tenet. And so Stanford University does not fully own patents that led to the development of a widely used human immunodeficiency virus (HIV) test, the court ruled in a 7 to 2 decision. Read More...

May

Maryland nabs $23M for small business lending
Washington Business Journal
Maryland said Wednesday it will be receiving $23 million under a new U.S. Treasury Department program aimed at boosting lending to small business. Read More...

O'Malley to be joined by business leaders on Asia trade mission
Washington Business Journal
Gov. Martin O’Malley will be touting the state in keynote addresses at conferences in South Korea and China, as well as visiting with trade officials in China, Korea and Vietnam. Read More...

O'Malley signs InvestMaryland, alcohol tax bills
Washington Business Journal
A $70 million state venture capital fund and improved incentives for waste incinerators will become reality soon under bills Gov. Martin O’Malley signed into law Thursday. Read More...

Council to hear on rezoning property for UMB BioPark hotel
Baltimore Business Journal
BioPark officials are seeking the council's approval for a rezoning change on West Fayette Street, where the school plans to build a hotel and the Maryland Proton Treatment Center, a new facility that will treat cancer patients.  Read More...

April

O'Malley stresses life sciences, military in Maryland economic growth plan
Baltimore Business Journal
Gov. Martin O’Malley is leaning on the state’s life sciences and military industries to help fuel economic growth in Maryland over the next five years.  Read More...

William Donald Schaefer, governor and mayor, dies
Baltimore Sun
William Donald Schaefer, the dominant political figure of the last half-century of Maryland history, died Monday after a "do-it-now" career that changed the face of Baltimore while bringing a new burst of energy to the city he loved. Read More...

Banking stem cells could save Japan nuclear workers
Reuters
Health officials should collect blood from workers at the crippled Fukushima Daiichi nuclear power plant in case they are accidentally exposed to high levels of radiation and need a stem cell transplant, Japanese researchers said on Thursday. Read More...

Deal in reach on flu virus-sharing, vaccine access
Reuters
A global deal is tantalizingly close under which countries would share flu virus samples in exchange for access to affordable vaccines derived from them, thus saving lives in a pandemic, senior diplomats said. Read More...

O'Malley signs 150 bills, including one to create health care exchange in Maryland
Washington Business Journal
Maryland Gov. Martin O’Malley on Tuesday signed more than 150 bills that made it through the General Assembly’s 90-day session. Read More...

VCs trade biotech for social networking
Reuters
Venture capitalists, who make high-risk investments in start-ups, are tired of waiting years for biotech companies to generate real products and be marketable as initial public offerings, bankers said. They'd rather invest in companies that could go public in just a year or two. Read More...

Maryland stem cell research grants up for $2M budget increase
Washington Business Journal
The Maryland Senate and House of Delegates have agreed to allocate $12.4 million in funding to the Maryland Stem Cell Research Fund for the fiscal year beginning July 1, pending final approval of the state budget. Read More...

January

Annual venture investment increases for first time since 2007, according to the Moneytree report
Fierce Biotech
Venture capitalists invested $21.8 billion in 3,277 deals in 2010, an increase of 19 percent in dollars and a 12 percent rise in deals over the prior year, according to the MoneyTree Report by PricewaterhouseCoopers LLP and the National Venture Capital Association (NVCA), based on data from Thomson Reuters. Read More...