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Start Date: 2/22/2019Start Time: 8:30 AM
End Date: 2/22/2019End Time: 10:00 AM
Event Description:
The Buy Maryland Cybersecurity Tax Credit provides an incentive for Qualified Maryland Companies to purchase cybersecurity technologies and services from a Qualified Maryland Cybersecurity Seller. Qualified Maryland Companies may claim a tax credit for 50% of the net purchase price of cybersecurity technologies and services purchased from a Qualified Maryland Cybersecurity Seller. The tax credit must be claimed for the tax year in which a purchase is made.The tax credit is awarded on a first come first served basis, and is subject to funding available to the Department of Commerce. Twenty-five percent of the annual funding amount is earmarked for cybersecurity service purchases, and the remaining 75% is available for cybersecurity technology purchases. 

The Maryland Defense Cybersecurity Assistance Program (DCAP) provides funding and assistance for Defense Contractors to comply with the DFARS and NIST 800-171 Standards for cybersecurity. The program which provides funding and resources for companies to comply with the cybersecurity standard is funded by the Department of Defense’s Office of Economic Adjustment (OEA) through the Maryland Department of Commerce and is being coordinated by the MD MEP. Defense contractors in Maryland generate more than $57 Billion in economic impact and the DCAP program will help these contractors comply with the Federal regulations necessary to continue providing services to the Federal Government.
Location Information:
Montgomery County
Contact Information:
Name: Montgomery County Chamber of Commerce
Phone: 301-738-0015
State Agency(s)
Other Details:
Montgomery County Chamber of Commerce
51 Monroe Street, Suite 1800
Rockville, MD 20850
Website Link:

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