Skip to main content

News & Events

News & Announcements

Economic Alliance Assesses Maryland's Business Strengths

After years of failing to attract a big pharmaceutical presence to the state, a new report by the Economic Alliance of Greater Baltimore says it’s time for Maryland economic developers to shift gears in biotechnology. James Hughes, MBA, vice president of research and development at the University of Maryland, Baltimore, is overseeing development of the University’s BioPark, a 10-acre, 10-building business venture under construction on the city’s west side. He said he has used the regional collaboration portions of the report, taken from a draft he saw earlier, to market the area to businesspeople in Japan. “Companies already think of it as a great big region, and they’re working with sources of funding and partners all up and down the East Coast. What really has lagged behind is more the economic development focus,” Hughes said.