in

Maryland Working to Expand Biotech Industry Through Tax Credit Program

Maryland Working to Expand Biotech Industry Through Tax Credit Program - top government contractors - best government contracting event
Image By: Michael Pereckas
Maryland Working to Expand Biotech Industry Through Tax Credit Program - top government contractors - best government contracting event
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.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Technology

mm

Written by Admin

Boeing Developing Maritime Security Aircraft; Egan Greenstein Comments - top government contractors - best government contracting event
Boeing Developing Maritime Security Aircraft; Egan Greenstein Comments
SAIC Wins $37M to Support Army's Vigilant Pursuit Intelligence Gathering Program - top government contractors - best government contracting event
SAIC Wins $37M to Support Army's Vigilant Pursuit Intelligence Gathering Program