Funding Advances Maryland’s Cancer Moonshot Initiative

BioHub Maryland Now Boasts Nearly $5 Million in New Funding in 2022

The Maryland Tech Council, the largest technology and life science trade association in the state, announced today it has secured $2.5 million in state funding to grow the state’s life science workforce through its BioHub Maryland program. The funding is included in Governor Larry Hogan’s new Maryland Cancer Moonshot Initiative to expand and accelerate cancer detection, screening, prevention, treatment, and research in the state.

BioHub Maryland is a first of its kind initiative to meet the workforce development needs of Maryland’s rapidly growing life science industry. The monies will be used to identify current workforce gaps in Maryland and to generate stronger local demand for life science careers, especially among those who do not have advanced degrees.

“An exceptional life science workforce is fundamental to discovering and manufacturing cures and treatments for cancer and other diseases,” said Marty Rosendale, CEO of the Maryland Tech Council. “BioHub Maryland seeks to grow our life science workforce by engaging talent from diverse educational backgrounds and demonstrating the immense value of a biotech career in Maryland. We commend Governor Hogan for his game-changing commitment to stand with cancer patients and their families, and thank the Maryland General Assembly for supporting these funds in the fiscal year 2023 budget.”

This is the second major funding award for BioHub Maryland this year. MTC announced in March that it secured $2.45 million in federal funds with support from Senator Chris Van Hollen.

Launched in 2021, the BioHub Maryland website features essential tips students need to discover a rewarding life science career in Maryland, including more than 600 local life science job openings, a career roadmap for students with high school, GED, associate’s, bachelor’s or advanced degrees, a guide to online and in-person workforce training programs and more.

A recent Milken Institute report concluded that Maryland boasts, “one of the nation’s strongest life sciences industries,” contributing more than 54,000 high paying jobs in the state with over 2,700 life science firms and more than 500 biotech firms. It also found that Maryland faces increasing competition from other states and that bolstering our workforce pipeline is key to maintaining Maryland’s reputation as a national life science industry leader.

Learn more about the BioHub Maryland initiative at biohubmaryland.com.

About the Maryland Tech Council

The Maryland Tech Council (MTC) is a collaborative community that is actively engaged in building strong technology and life science industries by supporting the efforts of our individual members. We are the largest technology and life sciences trade association in the state of Maryland, and we provide value by giving members a forum to learn, share, and connect. MTC brings the region’s community together into a single, united organization that empowers our members to achieve their business goals through advocacy, networking and education. The vision for the Maryland Tech Council is to propel Maryland to become the number one innovation economy for life sciences and technology in the country. For more information: mdtechcouncil.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220419005155/en/