- Israel hits symbols of Hamas rule; scores killed
- Mississippi abortion law can’t be enforced
- Teacher who survived Sandy Hook has book deal
- Jury awards Jesse Ventura $1.8M in case vs. ‘American Sniper’ author Chris Kyle
- Middle Eastern firm’s deal to manage U.S. cargo port raises security concerns
- Bob McDonnell’s defense: Lonely wife developed ‘crush’ on CEO
- Chinese hackers stole ‘huge quantities’ of sensitive data on Israel’s Iron Dome
- House Republicans unveil bill to speed deportations of border children
- Californians protest middle school for hiring white man to teach cultural studies
- Killer’s sentencing overturned because mother couldn’t find seat in courtroom
McDonnell aims to lure biotech jobs to Virginia
Question of the Day
RICHMOND — Virginia Gov. Bob McDonnell said Wednesday he is seeking nearly $37 million in his biennial budget to lure businesses and jobs to the commonwealth, putting much of the focus on life sciences and biotechnology — sectors that are staples of the economy of neighboring Maryland.
Some $10 million will fund a life-sciences package that could go toward supporting research at colleges or businesses.
Lt. Gov. Bill Bolling, the state’s chief jobs-creation officer, said Virginia has completed 671 business deals since the start of the administration. But life sciences and biotechnology — Maryland’s bread and butter — are areas where the state intends to step up its efforts.
“There, frankly, are a lot of states around the country over the course of the past several years who have been a lot more aggressive in the area of biotechnology and life sciences than we’ve been,” he said. “Places like Massachusetts and Texas and Pennsylvania, even Maryland has been much more — well, I shouldn’t say ‘even’ Maryland.”
“Maryland,” the governor chimed in.
“Maryland has been much more aggressive in some of these biotechnology, life sciences areas,” Mr. Bolling said.
“We believe this is a sector we can compete in more effectively than we have in the past,” he said. “Some of these new and emerging biotechnology and life-sciences companies that we’ve had a hard time tracking, frankly, we’re going to get in the game on those, because it is a growing area of the economy.”
Mr. McDonnell, who has consistently said he wants Virginia to be the “Energy Capital of the East Coast,” also proposed $500,000 to go toward offshore wind-energy development — another of Maryland Gov. Martin O’Malley’s legislative priorities in the coming General Assembly session.
The largely friendly regional rivalry between Maryland and Virginia took a sharper political edge last year, when Mr. McDonnell and Mr. O’Malley took the reins as chairmen of their parties’ respective governors associations.
Virginia famously beat out Maryland, as well as the District, to lure defense contractor Northrop Grumman’s headquarters in 2010, thanks in part to an incentives package worth between $12 million and $14 million. Last year, engineering giant Bechtel announced it was moving its corporate headquarters from Frederick to Fairfax, bringing with it 625 jobs and an $18 million investment.
And in a now-infamous series of events, Montgomery County backed off a nonbinding resolution calling for Congress to spend less on defense and more on social programs. The county council got pushback from defense giant Lockheed Martin, which is based in Bethesda, as well as Mr. O’Malley’s office. Virginia officials reportedly contacted Lockheed in the interim to gauge its interest in moving south of the Potomac River.
Maryland officials responded Wednesday by saying that, even with competition from Virginia, the state will remain a national leader in the biotech and life-sciences industries. They also disputed the perception that Virginia is the more business-friendly state, contending Maryland created more than twice as many jobs as Virginia last year.
“It’s always nice to have competitive neighbors to strengthen our abilities,” said Takirra Winfield, spokeswoman for Mr. O’Malley, a Democrat. “But there is no concern with Maryland’s ability to compete and win in the new economy.”
Maryland’s life-sciences industry employs more than 71,000 people and each year drives $17.6 billion in direct and indirect economic activity, while generating about $500 million in income- and sales-tax revenue, according to the state.
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
David Sherfinski covers politics for The Washington Times. He can be reached at email@example.com.
- Defense lawyer: McDonnell's wife had 'crush' on CEO
- Wilder, Cuccinelli may be called as witnesses in McDonnell trial
- Former Virginia Gov. Bob McDonnell's trial to test definitions of political corruption
- Rep. Luis Gutierrez: Senate Dems wary of immigration politics
- Mich. congressman returns Commerce award after group endorses opponent
Latest Blog Entries
- Dick Cheney: Hillary Clinton 'clearly bears responsibility' on Benghazi
- Holder vows to press ahead on gun control fight
- Seven of 10 prefer that Obama work with Congress, not go around it: Poll
- Schumer: Tea party hasn't let Obama put his policies into effect
- GOP official: Black not running for Wolf's House seat
TWT Video Picks
- Boehner rules out impeachment: 'Scam started by Democrats'
- Obama thanks Muslims for 'building the very fabric of our nation'
- Tactical advantage: Russian military shows off impressive new gear
- Obama's brother wears Hamas scarf bearing anti-Israel slogans in photo
- McCLAUGHRY: Finish off the "Islamic State" quickly and cheaply
- Obama: 'Not a new Cold War,' but new Russia sanctions announced
- Smugglers, rainstorm combine to poke holes in border fence
- Hillary Clinton: Forget Obama, George W. Bush made her 'proud to be an American'
- D.C. seeks to stay judge's order allowing gun owners to carry in public
- Kerry's credibility questioned as fighting in Gaza rages
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world