McAuliffe Announces Biotech & Innovation Policy

8972422_d44db3e83bPublished by NBC 29

Democratic gubernatorial candidate Terry McAuliffe is announcing his “Biotech and Innovation Policy” this week, aimed at bolstering Virginia’s fast-growing biotechnology sector.

McAuliffe’s proposals include increasing the current limit on investor tax credits by $1- $2.5 million, making it easier for biotechnology and biomedical startups to attract early investors. He also wants to offer state-backed loans to help get businesses off the ground.

McAuliffe proposals come just over a month after he toured Charlottesville biotech firm Hemosonics.

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