1958 recession, when private domestic investment as a whole fell over 17
per cent, research and development spending actually increased by 10
per cent. This promise of new jobs—and stable jobs—speaks eloquently
for itself. There is a clear-cut relationship between research and develop-
ment on the one hand and employment growth on the other. Then, too,
there is the sort of person who is attracted to a community that boasts a
stimulating science-industry climate. The typical science-industry em-
ployee is young, well-educated, responsible and community conscious.

Almost 80 per cent of scientists and engineers in U. S. industry are
under 40 years old; almost 50 per cent hold a doctorate or master's
degree; they are well paid, and plant investment per employee runs
between $15, 000 and $30, 000. All of these factors tend to give the
science-industry community a heightened cultural awareness. Libraries,
concerts, theatres, and increased educational activities of all kinds tend
to flourish where large numbers of scientific personnel are found. Mary-
land has the academic and cultural background to provide fertile soil
for this kind of activity; and we hope that our traditional high regard for
learning and the arts will be even further stimulated by the influx of new
people bringing new ideas from all over the country. I know that all of
you recognize that one of the key elements in any science-industry com-
plex is the academic atmosphere and facilities that are available. Here
in the Maryland Science-Industry Triangle, we have several institutions
of higher learning which give advanced engineering and scientific
training.

The State government has an important role to play in creating the
best possible climate for our universities, and I am hopeful that this
meeting today will be able to provide further guidance on the directions
in which we can all move to improve the caliber of advanced instruction,
as well as create a closer relationship between the academic world and
private research and development.

Lastly, scientific research is a powerful stimulant to capital creation
and new enterprises of all kinds. The concentration of science-based
industries in a given area is inevitably followed by a corresponding
growth of other satellite industries which serve the needs and fill the
production lines which the research function has set in motion. It is a
well-known fact, too, that research breeds more research, and growth
stimulates growth. Maryland seeks to be a focal point in this most
happy and productive cycle.

All of this reasoning, therefore, is behind my heartfelt welcome to all
of you attending this Science-Industry Conference here today. This

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