Maryland biotechs drive recovery

Maryland Secretary of Business and Economic Development Christian Johansson recently credited her state's most innovative enterprises, including biotechs, for regaining jobs lost during the recession.

Johansson said that Maryland's success in blunting the long-term impact of the nation's economic downturn is linked directly to its investment in innovative companies and its commitment to entrepreneurship, according to the Washington Post.

"With world-class research labs, brilliant entrepreneurs and highly educated workers, Maryland is uniquely ready to take advantage of a fast-changing global economy in which sectors such as biotechnology, cybersecurity and high-tech manufacturing are keys to good jobs and bright futures," Johansson said, the Washington Post reports.

Johansson said that Maryland tech companies make products to fill the nation's critical needs, including vaccines to protect against influenza and anthrax and solar arrays to power U.S. bases in Afghanistan.

The U.S. Chamber of Commerce recently ranked Maryland as the national leader for innovation and entrepreneurship, and Johansson said that Maryland has recovered from the recession faster than all but seven states.

"In a world increasingly driven by technology and innovation, Maryland will continue to invest in our people, nurture their ideas, reward their entrepreneurial spirit, celebrate their achievements and abolish obstacles to their success," Johansson said, according to the Washington Post.