Published 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.