Bioscience & Health Care

PROGRAMS

Icon Jobs Tax Credit

Quality jobs tax credit program

Provides up to $9,000 of income or premium tax credits over a three-year period for each net new job to the state and concurrent qualifying capital expenditures.

Icon Research And Development

Research & Development tax credit program

Provides income tax credits for increased R&D activities conducted in the state. Additional tax credits are available for R&D executed in collaboration with state universities.

Icon Depreciation Program@2X

Additional Depreciation program

Accelerates depreciation to substantially reduce business personal property taxes.

Icon Facility Tax

Qualified Facility tax credit program

Offers refundable income tax credits up to $20,000 per qualifying net new job to eligible manufacturing companies that invest in one or more qualifying facilities.

Icon Angel Tax Credit

Angel tax credit program

The Angel Investment tax credit provides credits to investors who make capital investments in small businesses certified by the ACA.

Angel Investment

SBIR/STTR

SBIR/STTR is a competitive program that encourages small businesses to explore their technological potential, as well as, providing incentive to profit from its commercialization.