|
|
 |
     
      |
  |
 |
 Friday Jul 30, 2010
 |
51 Monroe Street, Suite 1800, Rockville, MD 20850 |
P: 301.738.0015 |
F: 301.738.8792 |
|
 |
 |
 |
 |
Economic Development Bill Positions
The Montgomery County Chamber supports policies that attract
and retain knowledge economy businesses in our County and our State.
These businesses employ highly educated individuals in our community
and grow our tax base. This contribute not only to our regional
economy but to enhancing the quality of life we enjoy as a community.
The Chamber opposes efforts to increase burdens on businesses that create
barriers to doing business in Maryland.
SB 104
HB 135 |
Maryland
Life Sciences Advisory Board. Establishes a 15-member board within
DBED to assist in developing a strategic plan for life sciences, including
supporting federal facilities in MD, promoting life sciences, coordinate
state and federal resources to attract private sector investment and
job creation, and making recommendations to address access to venture
capital and capital construction funding. Members include the
Secretary of DBED, three from federal agencies (life sciences mission),
four with executive experience (life science), four from higher education
and three member of the general public. |
Administration,
et al |
SUPPORT |
| SB 277 |
Economic
Development Opportunities (Sunny Day) Account-Extraordinary Economic
Development Opportunity-Definition.
Expands the use of Sunny Day monies that are used for the retention
or attraction of public or private institutions that position the state
to secure an advantage in new or emerging technologies. |
Madaleno |
NO POSITION |
SB 594
HB 659 |
Maryland
Biomedical Product Development Fund.
Increases the $1 cigarette tax by 15¢ and dedicates the increased revenues
to the Maryland Biomedical Product Development Fund to be awarded as
grants for R&D of innovative treatments, therapies or diagnostics
that address smoking-related diseases. TEDCO and DHMH awards grants
in amounts ranging from $150,000 to $1.5 million; an applicant may not
receive more than $1 million in a year or $3 million over five years;
the State may maintain ownership or other financial interest in the
commercialization of the project as negotiated in a MOU. |
Garagiola,
et al
Feldman, et al |
SUPPORT
|
SB
614
HB 983 |
Economic
Development and Tax Incentive Act.
Requires DBED to file an annual report and publish the information on
its website regarding names of companies that have received development
subsidies of $50,000 or more, including tax credits, grants, loans,
loan guarantees, matching funds, and an enterprise zone. The report
includes: the number of full-time, part-time and temporary jobs created;
the average hourly wages paid to all employees at a project site in
wage groups of dollar increments beginning at the minimum wage through
$14 or more per hour (broken down by FT, PT, and temp positions); the
types and amounts of health insurance provided, including the number
of employees covered by each type of insurance. SDAT shall also
publish the amount of property tax revenue not collected and the name
of the property owner who received the development. The reporting requirements
apply to all development subsidies awarded on or after July 1, 2007,
and have been interpreted to capture development subsidies that occurred
prior to the effective date, but achieved loan forgiveness after the
effective date. |
V. Jones,
et al
A. Jones, et al |
OPPOSE |
|
HB
1069 |
Public
Service Commission-Broadband Internet Service.
Requires a broadband internet provider to offer broadband services on
an open access basis to any other provider of internet content, application
or service without priority to the company's own service; and requires
providers to file quarterly reports with the PSC regarding their deployment
of broadband service to a level of zip code, plus four. |
Taylor,
et al |
OPPOSE |
Email Me To A Friend!
Print Friendly
Site Last Updated: 19-Mar-07
|
 |
 |
 |
 |
|