States see economic opportunity in booming cybersecurity sector

06/17/2013 | Stateline

Cybersecurity promises to be one of the biggest growth sectors of the U.S. information technology economy in years to come, and some states are hoping to cash in on the action by offering special incentives for security firms looking for new facilities. Experts say Maryland is leading the way with $3 million in tax breaks for cybersecurity startups that call the state home or are looking to relocate. Other broader incentives programs in Virginia and Washington, D.C., are evidence of states' increasing interest in bolstering their economies by luring high-tech ventures.

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