Biotechnology
Bioscience & Bioinformatics :: Bio-Medical Products :: Drug Discovery Support Labs & Suppliers
Biotechnology firms have named Maryland one of the premier biotechnology locations in the country and the state of Maryland
has recently added a new incentive. The
Maryland Biotechnology Investment Tax Credit Program
bill was passed in 2005 and
is funded as of July 1, 2006. It offers incentives for individuals, companies and venture capitalists investing in seed
and early-stage biotech companies in Maryland.
Located a few short hours out of the Washington beltway, Allegany County offers firms the same resources that have made
Maryland a biotech leader, plus a few extra bonuses - real estate well below the market prices found in the I-270 corridor,
and a dedicated work force costing a fraction of what such a work force would cost in the metro area.
Allegany County is fortunate to have two outstanding colleges within our boundaries - Frostburg State University (FSU), part
of the University of Maryland system; and Allegany College of Maryland. FSU offers its students a complete biotech program
through the new Compton Science Center. The University's other sciences and business programs, such as biochemistry,
physics, electrical and mechanical engineering, computer science and business administration, complement the program.
Along with their undergraduate programs, FSU offers nine graduate degree programs and three graduate certificate programs.
In addition to the University, Allegany College of Maryland (AC) provides a biotechnology option within its laboratory
technology program. This option offers both a certificate and a two-year associate's degree. AC provides complementary
programs in computer science and business management, as well as customized employee training programs for individual
companies through the continuing Education Department.
Frostburg State University has successfully partnered with Allegany County to develop the infrastructure for the Allegany
Business Center technology park ABC at FSU flyer, a 56-acre parcel of land located on the FSU campus. In May 2007, construction of a 52,000 square foot building began through a cooperative effort between Allegany County, Frostburg State University, the State of Maryland and a local private development group. A federally designated HUBZone for new businesses, ABC at FSU's close-proximity to the University's resources is a major asset.
Additionally, FSU converted about a quarter of the former science
building, Tawes Hall, to an incubator facility designed to build the county's base of technology-related businesses.
Below is an introductory review of pertinent programs at both of these institutions:
Click here for more information about economic development opportunities offered by FSU.
