A big bundle of news out of Montgomery County government, private biotech and academia just came down at the BIO conference in D.C. Wednesday afternoon:
• MoCo's long-languishing biotech tax credit will get a modest infusion of $1 million over the next two years. The credit, passed in March 2010 without any funding, will piggyback on the highly-sought-after state Biotechnology Investment Tax Credit, which provides a credit of up to 50-percent of qualifying investments in Maryland bio firms. Some council members were obviously ill at ease with passing a first-of-its-kind tax incentive and letting it fall by the wayside, as reported by the WBJ's Michael Neibauer:
To read the full, original article click on this link: Innovation America Group News | LinkedIn
Author: Bill Flook
