March 29, 2024

Cybersecurity Investment Incentive Tax Credit Briefing

Posted by The Patuxent Partnership
Pax IIIMD DECD logo

The Maryland Department of Business & Economic Development has revamped an onsite briefing scheduled this week at The Patuxent Partnership with a webinar to discuss the Cybersecurity Tax Investment Credit Program.

Mr. Jeffrey Wells, Executive Director of Cyber Development, MD DBED, will be presenting the information via webinar on December 19th at 9am.

Registration information will follow later this week and more information is immediately available at The Patuxent Partnership website here.

Maryland provides a refundable tax credit to Qualified Maryland Cybersecurity Companies (QMCCs) that seek and secure investment from an in-state or out-of-state investor. The purpose of this new program is to incentivize and attract cybersecurity companies to start-up in or move to Maryland; and to attract investment to cybersecurity companies in order to help them grow, create jobs and retain intellectual property in Maryland.

For more information regarding the Cybersecurity Investment Tax Credit, go  HERE

 

Leave A Comment