New Cybersecurity Tax Credit Benefit | UMBC Industry News

UMBC’s Alan Sherman and colleagues were awarded more than $4.9 million over five years through a program with the NSF. The goal of the program is to increase the number of cybersecurity professionals that are trained to enter critical careers. In this week’s roundup, we take a look at a new cybsecurity program aimed at benefiting Maryland Small businesses. We also take a look at a Rockville-based biotech company gaining financial help from MD, reimagining the working relationship between humans and machines, and climate change and its effect on the financial world.

Industry Roundup is brought to you by UMBC’s Division of Professional Studies, offering a broad array of professionally-focused master’s degree and certificate programs that address industry needs while anticipating future opportunities.

Maryland Small Businesses to Benefit from a New Cybersecurity Program

tax credit

Small businesses in Maryland are encouraged to apply for the Buy Maryland Cybersecurity Tax Credit. Small businesses will benefit from the tax credit if they purchase cybersecurity technologies and services from a qualified cybersecurity company.

Rockville-based Biotech Company Gaining Financial Help from MD


The biotech company, RegenxBio out of Rockville is getting some financial backing from Advantage Maryland. They signed a lease on their new headquarters last month and is expected to double its workforce in the next five years.

Reimagining the Workplace for Humans and Machines

industry roundup

Many people worry that with the increase of AI in retail centers, that humans will no longer be needed. But companies like Walmart argue that the increased use of machines in their stores secures job and well-being. Employees are empowered to provide exceptional service as they work together with their machine counterparts.

Climate Change or Financial Bust


The world’s biggest investors say that if we don’t tackle climate change, we will suffer a financial crash. At the UN summit, these investors demanded governments make urgent cuts in carbon emissions and phase out all coal burning.

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