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O'Malley Agrees To Maryland/Israel Development Partnership

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Maryland governor Martin O'Malley is announcing a new Development Partnership between his state and Israel.

The governor announced the partnership this past weekend as he wraps up an eight-day trade mission to the countries of Israel and Jordan, according to the Associated Press.

A spokesperson with the governor's office says the partnership will fund joint development efforts by Maryland and Israeli companies in the cybersecurity and life sciences sectors.

The Maryland Department of Business and Economic Development and Israel's Ministry of Industry will decide which research to fund. Maryland will fund up to half of the research costs of Maryland companies, with a $400,000 cap per project. Maryland companies could also qualify for tax credits.

This is O'Malley's third visit to Israel and his first to Jordan.

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