Recap: Joint Economic Development and Legislative Affairs Member Meeting - Maryland Competitiveness Coalition - April 10, 2014

Posted Date: 
April 10, 2014

April 10, 2014 Recap:

Guest Speaker:  Kathy Snyder, President, Maryland Chamber of Commerce

The co-chair of the Economic Development Committee, Stew Edelstein, welcomed MCCC members and introduced the guest speaker, Kathy Snyder, President, Maryland Chamber of Commerce. She presented about the progress and goals of the Maryland Competitiveness Coalition and provided insights from the 2014 Maryland General Assembly Legislative Session.

The Maryland Competitiveness Coalition strives to create a stronger partnership between the State Government and the business community in order to grow private sector jobs and investment in Maryland. This plan includes, but is not limited to, the development of more business friendly tax and regulatory policy. Efforts will focus on creating more high paying jobs in each region of the State. Specific efforts include: increased biotech development in Montgomery and Frederick County, the relocation of FBI to Prince George’s County, expanded cyber security in Central Maryland, clean energy technology in Western Maryland, next generation unmanned aircraft development in Southern Maryland, and space and agricultural technologies on the Eastern Shore.

Visit the Coalition’s Competitiveness Dashboard page for detailed data regarding key factors in Maryland’s competitiveness, including: economic performance, education & workforce, innovation & entrepreneurship, taxes & business climate, and transportation & infrastructure.

During the 2014 Maryland General Assembly Legislative Session, The Maryland Chamber of Commerce supported several economic development initiatives, including the Private Sector Economic Development Commission. This commission will examine the State’s economic development structure and incentive programs and provide recommendations for improvement. The Maryland Chamber also supported recoupling the Estate Tax with the federal limits.  Looking forward, Snyder believes Personal Income Tax will be an issue to focus on in the 2015 Legislative Session.  

Click here to read the full Maryland Chamber of Commerce 2014 Session Recap.

 

 

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