Tag: DBED

Bad day for bureaucrats seeking money from Board of Public Works

It was a bad day for bureaucrats at the Board of Public Works Wednesday – at least for several state officials who had to defend their spending plans to the three-member board that must approve all major state contracts.

In the end, most of the state agencies got the money they came for, but not before some uncomfortable questions and critical remarks came their way about slow payments and outsourcing loan-making and faculty hiring.

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Legislation to finance business grants through tax credits coming this year

Department of Business and Economic Development Secretary Christian Johansson hopes to help businesses grow this year through a model that sells tax credits and uses the funds generated as grants to growing companies.

The program, called Invest Maryland, leads the list of DBED’s initiatives for the new year, Johansson told a group of reporters last month. It will be proposed in legislation to set up the program in this year’s General Assembly.

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