USM Regents Committees on Finance, Economic Development to Meet November 19
Adelphi, Md. (Nov. 17, 2015) -- The University System of Maryland
(USM) Board of Regents Committee on Finance will meet at 10 a.m. on Thursday,
November 19 and will consider several action items, including a system-wide contract
renewal for scientific supplies.
The meeting will
take place in the President's Board Room, 14th floor of the Saratoga
Office Building at the University of Maryland, Baltimore (UMB). The building is
located at 220 North Arch Street in Baltimore, Md.
The committee also
will vote on a minor revision to the Board of Regents policy on payment of
moving expenses (allowing institutions to determine moving expense limitations,
while maintaining compliance with IRS reporting guidelines), and a deed
transfer to the University of Maryland Center for Environmental Sciences
(UMCES). The committee also will hear information items, including fiscal year
2015 draft financial statements. The agenda and supporting materials can be
The Committee on
Economic Development and Technology Commercialization will meet at the same
location at noon and vote publicly on whether to reconvene in closed session.
In closed session, the committee would discuss a pending request for proposal
(RFP) to re-bid the contract to operate the National Cancer Institute's
federally funded research and development center (FFRDC).
In public session, the
committee will hear three information items: featured start-up Martek
Biosciences Corporation; early stage investment fund opportunities; and
entrepreneurship programs and initiatives via the Maryland Technology
Enterprise Institute (Mtech). Martek Biosciences, a leader in the innovation, development, production and sale of
products from microbial sources that promote health and wellness through
launched after leveraging several of Mtech's entrepreneurial programs and was
subsequently acquired by the Dutch company Royal DSM NV. The agenda and supporting materials can be
Sign language interpreters
and/or other appropriate accommodations for eligible individuals with disabilities
will be provided upon request. Please call 301.445.2756 (voice) or 301.314.7683
(TTY/ITT) for special arrangements.
Parking is available in the Saratoga
Garage, also located at 220 North Arch Street in Baltimore. For driving directions
to UMB and a campus map, click here.
Contact: Mike Lurie