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Baltimore cyber CEO says state tax credit rules cost her an investor – Baltimore Business Journal

By July 18, 2014No Comments
Bwtech-UMBC

Bwtech-UMBC

The head of a young Baltimore cyber security company says a New York investor nixed a deal after discovering Maryland’s new cyber security tax credit wouldn’t transfer to investors.

Suzanne Magee, CEO of Bandura LLC, said the credit should go to the investor. That’s how it works with the state’s biotech tax credit.

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