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Governor signs biotech jobs act
http://www.pbn.com/contentmgr/showdetails.php/id/121074
The Biotechnology Jobs Growth Act of 2006, a bill sponsored by
legislative leaders to attract and keep biotechnology and
biomanfacturing firms in Rhode Island, is headed to the governor's
desk.
The legislation was transmitted to the governor Tuesday by both the
House and the Senate, after it passed in concurrence in the House
Tuesday and in the Senate May 16.
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The governor scheduled a signing ceremony for the bill Wednesday in
the State Room on the second floor of the State House.
The legislation focuses on the economic incentives that coupled
with physical infrastructure investments and the availability of
skilled labor are viewed as critical to attracting biotech and
biomanufacturing investment. The bill extends the biotechnology tax
credits period from seven to 15 years, making Rhode Island tax
policy competitive with that of Connecticut, Massachusetts, New
Jersey, New York and Pennsylvania.
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