Governor Larry Hogan Announces Excel Maryland Initiative to Grow Life Sciences and Cyber Startups
Friday, May 19, 2017
Touts Administration’s Success Making Maryland “Open For Business” at Inaugural Governor’s Business Summit
ANNAPOLIS, MD – Governor Larry Hogan today opened Maryland’s inaugural Governor’s Business Summit before a crowd of more than 700 business, education, and community leaders at the Hilton Baltimore. The day-long economic development conference hosted by the Maryland Marketing Partnership highlights the issues and industries driving Maryland’s economy, including developing workforce through innovation training, protecting businesses from cyber threats, tapping into global markets, and attracting venture capital, among other key topics.
Governor Hogan described how the administration’s commitment to making Maryland “Open for Business” has delivered positive results around the state. Since January 2015, Maryland has added nearly 100,000 jobs and has successfully recruited major new investments from companies like Amazon, Lidl, Under Armour, and Pinnacle Foods. Notable job creation wins include the announcement of Marriott’s $600 million new headquarters complex in Bethesda; the retention of McCormick’s headquarters in Baltimore County; Morgan Stanley’s 800-job expansion in Baltimore City; and $100 million in new investment by Northrop Grumman, which directly supports more than 10,000 jobs in Maryland.
“Saying we are ‘Open for Business’ isn’t just a catchy slogan on road signs – it actually defines our mission, and it’s why I ran for governor,” said Governor Hogan. “We said we were going to help our businesses grow, put more Marylanders to work, and turn our economy around, and we have been doing exactly what we said we would do. Maryland’s economy is stronger than it’s been in more than a decade.”
To build on the progress of the last two years, Governor Hogan announced that the administration is launching a new comprehensive, statewide economic development strategy called Excel Maryland. The initiative will be focused on developing new collaborative strategies to accelerate growth in the life sciences and cybersecurity industries, which are already flourishing in the state.