Subject: We Need InvestMaryland
From: "Governor Martin O'Malley" <[email-masked]>
To: "R. Biden" <[email-masked]>
Date: Wed, 16 Feb 2011 16:28:15 +0000

Dear R.,

The Milken Institute, Kauffman Foundation and U.S. Chamber of Commerce all recognize Maryland as one of the top three states for entrepreneurship and innovation. 

And despite the national recession, that innovation has not stopped. Maryland's scientists, researchers and entrepreneurs have continued their cutting edge work to advance new cures, discoveries and technologies.

But while the innovation continues, all too often, our innovators are unable to obtain the seed and early stage dollars necessary to move forward. And that's why we need InvestMaryland.

InvestMaryland is a new investment program that will unlock $100 million in venture capital funding for high growth potential companies, create thousands of good paying jobs and unlock hundreds of millions and perhaps billions of dollars in economic activity. 

It's an efficient, cost-effective investment in Maryland's future that could mean the difference between growing the next MedImmune or Human Genome Sciences here in Maryland or in another state or country. 

It's also a smart investment with no up-front cost for taxpayers. For every dollar we put into InvestMaryland, we recoup 100% of our principle investment plus 80% of the profits from successful business ventures. 

In every part of our state, our fellow citizens are working to transform global challenges into the jobs and opportunities of the new economy right here in Maryland. We have the ability through InvestMaryland to remove a major obstacle. 

This afternoon I'll best testifying before the House and Senate on the initiative and tomorrow morning we'll be sending out a special video. Sign up here to get the update. 

Whether we run ahead or whether we run in place--the choice is ours. We need InvestMaryland.

Sincerely, 

Governor Martin O'Malley 

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By Authority: Friends of Martin O'Malley, Martin Cadogan, Treasurer 218 East Lexington Street | Baltimore, MD 21202
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