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MD HB514

MD HB514
Maryland Small Business Innovation Research and Technology Transfer Incentive Program


summary

Introduced
01/27/2020
In Committee
03/17/2020
Crossed Over
03/12/2020
Passed
03/18/2020
Dead
Vetoed
05/07/2020

Introduced Session

2020 Regular Session

Bill Summary

Establishing the Maryland Small Business Innovation Research and Technology Transfer Incentive Program to foster job creation and economic development in the State by promoting commercialization of research, facilitating technology transfer, and encouraging small business participation; requiring the Maryland Technology Development Corporation to administer the Program; establishing qualifications for participation in the Program; authorizing the Program to provide certain competitive awards and investments to certain businesses; etc.

AI Summary

This bill establishes the Maryland Small Business Innovation Research and Technology Transfer Incentive Program to foster job creation and economic development in the state by promoting commercialization of research, facilitating technology transfer, and encouraging small business participation. The program is administered by the Maryland Technology Development Corporation and provides competitive awards and investments to eligible small businesses that have received federal Small Business Innovation Research or Small Business Technology Transfer grants. The bill also creates the Maryland Small Business Innovation Research and Technology Transfer Incentive Matching Fund to provide these awards and investments, with the fund consisting of state appropriations, repayments, and other sources.

Committee Categories

Budget and Finance

Sponsors (36)

Lily Qi (D)* Gabriel Acevero (D),  Ben Barnes (D),  Joseph Boteler (R),  Regina Boyce (D),  Chanel Branch (D),  Jason Buckel (R),  Alice Cain (D),  Charlotte Crutchfield (D),  Kathleen Dumais (D),  Eric Ebersole (D),  Jessica Feldmark (D),  David Fraser-Hidalgo (D),  Michele Guyton (D),  Wayne Hartman (R),  Shelly Hettleman (D),  Kevin Hornberger (R),  Julian Ivey (D),  Anne Kaiser (D),  Robbyn Lewis (D),  Brooke Lierman (D),  Mary Ann Lisanti (D),  Bob Long (R),  Eric Luedtke (D),  Susan McComas (R),  Nick Mosby (D),  Julie Palakovich Carr (D),  Edith Patterson (D),  April Rose (R),  Haven Shoemaker (R),  Stephanie Smith (D),  Jared Solomon (D),  Kris Valderrama (D),  Jay Walker (D),  Alonzo Washington (D),  Jheanelle Wilkins (D), 

Last Action

Vetoed by the Governor (Policy) (on 05/07/2020)

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