County Executive Ike Leggett has announced that investors in 10 local biotech companies will receive $500,000 in return for investing more than $7 million in local companies that qualified for the County’s local biotech tax credit supplement program.
Forty-six unique investors will receive a supplement for 2013 from Montgomery County in addition to more than $3.5 million – or 39.5 percent of the total tax credits awarded by the state – they received from the Maryland Biotech Tax Credit Program.
News release with list of companies.
Washington Business Journal article.
