Maryland Expands Support for Its Growing Cyber Industry

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Montgomery County’s cybersecurity companies were big winners in Annapolis this spring, with two state programs designed to grow our cyber industry.

Angel investors and venture capitalists who invest at least $25,000 in Maryland cybersecurity companies will now receive tax credits, directly.

This is particularly good news in Montgomery County, where access to capital was a challenge highlighted by entrepreneurs in MCEDC’s cyber-workgroup report from 2017.  

That same report also identified access to local customers as another challenge, and the recent state legislation addresses that, too.

Small businesses that purchase Maryland-made cybersecurity products and services will be eligible for a tax credit on their purchase.  Supporting buyers strengthens the local supply chain, and proves that #MoCoMade isn’t just for kale!   

Learn more at the Cybersecurity Association of Maryland, Inc.’s website >