Local Cybersecurity Investment Incentive Tax Credit Supplement

Local Cybersecurity Investment Incentive Tax Credit Supplement: The County's latest local tax incentive program aimed at spurring job and business growth in the ever-critical cybersecurity sector.

Local companies designated as a Qualified Maryland Cybersecurity Company (QMCC) that receive a final tax credit certificate for the Maryland cybersecurity investment tax credit are eligible for the local supplement the following year.  “County and State officials are farsighted in their efforts to focus attention on the Information Security industry,” said Kwok Li, CEO of Bethesda-based Riorey, a cybersecurity company headquartered in the County. “Potential for financial support at the State and County levels offers a material benefit to new businesses, but also is a vote of confidence for those thinking about starting or investing in an Information Security business.”