Maryland Working to Expand Biotech Industry Through Tax Credit Program

Image By: Michael Pereckas

The State of Maryland announced it recently received 125 applications for its biotechnology tax credit program valued at $8 million , Baltimore Business Journal reports.

Maryland’s biotechnology program provides startup biotech companies and investors with a maximum tax credit of $250,000

The Department of Business and Economic Development will review the applications and will issue certifications within 30 days.

Since 2007, Maryland’s tax credit program has awarded $38 million worth of tax credits to 50 biotechnology companies, according to Business Journal.

You may also be interested in...


Microsoft Launches Virtual Desktop for Azure Gov’t Customers

Microsoft has made desktop virtualization service generally available to customers of the Azure Government cloud platform in an effort to help agencies manage remote workload. The Azure Gov Team wrote in a blog post published Wednesday the Windows Virtual Desktop supports a zero-trust approach for securing remote workforce, devices, data and applications.

Matthew Bromberg

Pratt & Whitney to Study F-35 Propulsion Tech Upgrade Options; Matthew Bromberg Quoted

Raytheon Technologies' Pratt & Whitney business has received a $1.5M contract from the Department of Defense's F-35 Joint Program Office to explore propulsion system development requirements for the fighter aircraft's next configuration.

Enrique Oti CTO Second Front Systems

Air Force Vet Enrique Oti Joins Second Front Systems as CTO

Retired U.S. Air Force Col. Enrique Oti has been named chief technology officer of San Francisco-based software developer Second Front Systems.