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 Government
Technology Funding News
Researcher:
R&D credit might be misused (San Jose Mercury News)
A multibillion-dollar tax credit for business research and development
cannot be effectively administered by the IRS and might be misused,
according to research to be presented to Senate tax writers.
States
Consider Incentives to Lure Tech Investors (Washington Post)
For almost two years, Jonathan M. Cohen spent 40 percent of each
workweek trying to lure venture capital to his Rockville biotech
company. If 20/20 GeneSystems Inc. could land $3 million or $4 million
dollars, the firm could add more scientists and researchers, Cohen
reasoned, and perhaps turn out the diagnostic test for lupus it
had been developing in two years rather than four.
Homeland
security business opportunity (Red Herring)
A mega-billion spending bill may be a windfall for IT companies
with the savvy to navigate the corridors of power.
Grant
Loss Throws Cal Bio Incubator into Limbo (Bizjournals)
The future of the ambitious $8 million redevelopment and building
project hatched by Alameda's biotech incubator Advancing California's
Emerging Technologies remains in limbo.
Homeland
security business opportunity (Red Herring)
A mega-billion spending bill just signed by President Bush may be
a windfall for IT companies with the savvy to navigate the corridors
of power.
U.S.
Court Decision Exposes Dirty Secret of State Tax Breaks (Baltimore
Sun)
This month's court decision strikes down Ohio tax breaks that are
similar to high-profile business incentives offered by Maryland,
Massachusetts and dozens of other states.
Court
Strikes Down Tax Credit for Plant (Forbes)
Ohio's investment tax credit is unconstitutional because it grants
preferential tax treatment to companies to expand within the state
rather than in other states, a federal appeals court ruled.
For
SBA, It's Been a Whirl of a Year (Miami Herald)
Despite having run out of money at the start of 2004, the Small
Business Administration is looking to issue a record number of loans
by year's end.
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