Program Spurs Nearly $6 Million in Investments
Among Ten Local Biotech Companies
March 19, 2012
9610 Medical Center Drive, Suite 200
Rockville, Maryland 20850
Montgomery County Executive Isiah Leggett will announce the first 10 biotech companies to receive significant investments through the County’s biotech investment tax credit program. The program allows investors receiving tax credits from the State of Maryland to also receive a supplemental payment from the County based on their investments in local biotech companies. The County’s program is modeled after Maryland’s Biotech Investment Tax Credit Program and works in conjunction with it.
Leggett will join other local and state elected officials, local biotech company executives and representatives from the Montgomery County Department of Economic Development.