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Governor Hogan Announces “Excel Maryland” Initiative to Grow Life Sciences and Cyber Startups

August 2017

Governor Larry Hogan 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.

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.

“Excel Maryland will help pool the talents of our state agencies, our universities and our private sector industry experts to help us create an environment in Maryland where more companies can start up here and never stop growing here,” says Governor Hogan. The initiative will culminate in a report by the end of August, which will serve as a roadmap to securing Maryland’s position as the epicenter of cybersecurity and advancing Maryland’s leadership position in biohealth and life sciences.