O’Malley floats $3M tax credit pool to bolster cyber security

Gov. Martin O'Malley proposed in his fiscal 2014 budget a new cyber security tax credit that would set aside $3 million to encourage cyber security companies to expand or set up shop in Maryland.

"The impetus for it came from the fact that we regularly talk with not only cyber security companies but also investors in that space, some who are just discovering Maryland," said Ursula Powidzki, assistant secretary of business and enterprise at the Maryland Department of Business and Economic Development.