County Executive Leggett Announces Tax Credit For Biotechs

At the 2011 BIO International Convention being held throughout this week in Washington, D.C., Montgomery County Executive Isiah Leggett made a special announcement for the funding of a tax credit exclusively for biotechs.  

"...Montgomery County will provide a local fund of one million dollars in biotech credit for those businesses in Montgomery County" declared Leggett in front of an audience at the Bio Maryland exhibit.

The $1 million tax credit will be dispersed over a two year period. The County Executive labeled it as a huge advantage for biotech companies, citing the states own tax credit to biotechs as a huge success.

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