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Leggett to Hail Success of County's Local Biotech Investment Tax Credit Program | Business

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Leggett to Hail Success of County's Local Biotech Investment Tax Credit Program
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Leggett to Hail Success of County's Local Biotech Investment Tax Credit Program

 

The following information was sent to us by Karen Falcon:

 

Today, 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 at Sequella, Inc.

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