Maryland Senate converts biotech tax credit into $10 million grant program to spur startups The Maryland Senate voted to advance legislation converting a biotechnology investment tax credit into a grant program with a $10 million appropriation, with estimated fiscal impacts of $7 million in 2027 and $10 million in fiscal 2028; the committee report was adopted without objection.

Maryland's Senate is shaking things up by transforming its biotechnology tax credit into a $10 million grant program aimed at empowering startups and smaller businesses!

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