Looking to invest in a Maryland-based technology startup? Investors can now earn a tax credit of up to 50% of the investment.
Building upon a previous program set aside to support cybersecurity startups in Maryland, $2 million in funding is available to investors who back early-stage companies.
How much is available? Investors in qualified Maryland technology startups qualify for 33% (up to $250,000) in tax credits, 50% (up to $500,000) for companies located in select counties.
Passed by the Maryland General Assembly, Governor Hogan signed the tax credit program into law earlier this year.