TAIPEI (Taiwan News) — Maryland’s Secretary of State Susan C. Lee on Monday urged Taiwanese companies to invest in the state and deepen economic cooperation.
Lee made the remarks to CNA ahead of a supply chain forum in Taipei on Tuesday. Maryland Department of Commerce Chief Strategy Officer Judy Smith accompanies her.
Lee said Maryland’s proximity to Washington, D.C., and the Port of Baltimore supports strong trade flows. More than 50 Taiwanese companies operate in the state, creating nearly 6,000 jobs, per CNA.
She said both sides share strengths in life sciences, cybersecurity, and emerging fields such as AI, quantum science, and aerospace. These industries drive innovation while creating jobs and business opportunities.
Taiwan and Maryland have decades of friendship, Lee said, adding that her visit aimed to attract Taiwanese investment. She said stronger business ties would further deepen cooperation.
Lee said Maryland’s technology agency signed agreements last year with Taiwanese partners to support investment projects. The initiative could provide up to NT$1.6 billion (US$50 million) in funding, though details are still being finalized.
She added that Maryland offers tax credits for research, biotechnology, and job creation, along with funding for advanced manufacturing and stem cell research. Lee said the state also regularly reviews its incentives and provides tailored support to investors.
Last year, Maryland Technology Development Corporation signed agreements with the Asia-Pacific Investment and Innovation Development Association and SFIC Group, which can provide up to NT$1.6 billion (US$50 million) in funding for approved projects.
