The state's biotech tax credits drew more than 180 applications within three minutes of the window opening for the $8 million available this fiscal year, the Maryland Department of Business and Economic Development said Thursday.
The credits go to investors pumping money into fledgling Maryland biotechnology firms in need of capital. The credits will be handed out on a first-come, first-served basis to those that qualify — thus the rush.
Initial credit certifications will be issued within 30 calendar days, DBED said.
To read the full, original article click on this link: Biotech tax credits: 180 applications flood in for Maryland's biotech tax credits - baltimoresun.com
Author:Jamie Smith Hopkins
