March 7, 2014

Ten County Biotech Companies to Receive Half Million Dollars in County Support

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.

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