News & Announcements
Governor Moore Spotlights Biotechnology and Economic Development During Visit to University of Maryland BioPark
October 11, 2023
ANNAPOLIS, MD — Governor Wes Moore today visited the University of Maryland BioPark for a discussion and tour focused on biotechnology, innovation and economic development. Governor Moore was joined by University of Maryland Baltimore President Bruce E. Jarrell, M.D., F.A.C.S.; Biotechnology Innovation Organization Chief Executive Officer Rachel King; and numerous biotech and life sciences industry leaders to discuss opportunities for collaboration and promoting the innovation economy in Maryland.
“BioPark isn’t just a hub for discovering new, breakthrough treatments and cures–it’s also a key piece of our state’s economic engine,” said Gov. Moore. “The biotech industry contributes $20 billion to our state’s economy each year, and average annual life sciences incomes are significantly higher than other industries in Maryland. The biotech sector is going to create jobs, drive growth, and build an economy fit for the 21st century.”
Governor Moore and guests toured the University of Maryland BioPark, seeing first-hand how the Innovation Economy Infrastructure Act of 2023 will benefit projects like 4MLK, BioPark’s newest commercial lab building. The 8-story, 250,000-square-foot building will be located at the intersection of Martin Luther King, Jr. Blvd. and Baltimore St., and will provide critical wet laboratory space in downtown Baltimore for researchers and companies, flexible lab and support space for start-ups, office space, and a conference center.
Read the full release from the Office of Governor Wes Moore.