Pres. Hrabowski Emphasizes Importance of Research Investment, Economic Development, Tech Transfer

Maryland Senate President Mike Miller and House Speaker Michael Busch held a press conference today to announce a package of bills relating to economic development initiatives. The proposed legislation would leverage public and private sector resources for higher education research endowments; create a seed fund to invest in cybersecurity and privacy companies; and strengthen ties between key state, federal and higher education institutions and neighboring communities by creating Reduced Tax Zones (called RISE zones).

photoPresident Hrabowski spoke at the press conference (photo at right), emphasizing the importance of investment in endowed professorships and the RISE economic development zones to increase tech transfer. He joined USM Chancellor Brit Kirwan and representatives of the University of Maryland, College Park, and Johns Hopkins University in endorsing the proposed legislation.

UMBC Vice President for Research Karl Steiner and bwtech@UMBC Executive Director Ellen Hemmerly also attended the event.

State and national voices are increasingly articulating the need for expanded training and investment in cybersecurity. This week’s U.S. News includes cybersecurity in a story about hot career fields, noting that UMBC cybersecurity programs offer students essential hands-on experience.

ABC2 News reported on the press conference and Dr. Hrabowski’s remarks. Public Policy Professor and Chair Donald Norris was also interviewed about the event in The Baltimore Sun.