Number 2: Texas
The following
is a list of special incentives enacted by the Texas
legislature and adopted by individual business communities:
- Tax credit for R&D for businesses in enterprise
zones.
- 4 Centers of Excellence (incubators) assigned to
assist biotechnology industries.
- Texas Science and Technology Council created to investigate
technology issues and to make Texas the leader in biotechnology.
Topics examined include technology transfer, commercial
lending, and venture capital.
- 3 programs created to allocate more than $5 million
in venture capital funding to biotechnology industry.
Funding is provided through the Texas Higher Education
Coordination Board.
Local Programs
Austin: In an attempt to lure Sulzer from Colorado, Austin
offered the following (source: Austin Business Journal 5/21/99):
- $1 million addition of 3rd electrical transformer
to the substation serving Sulzer's existing site in
Austin.
- Capital recovery fee waivers worth $150,000.
- Installation of traffic light for the company ($50,000).
- 13.51% electrical rate reduction (value $50,000).
- Development fee waivers (valued at $31,054).
- Expedited permit process.
- Encouraged local banks and moving companies to work
with Sulzer and offer low interest home loans and reduced
moving costs for its Denver employees.
Business Facilities Magazine (Oct. 1999)
ranked states with thriving biotechnology industries. The
rankings were based on the following factors:
1. The total biotechnology employment
in 1999.
2. The numeric change in the number of jobs added between
1990-1997.
3. The total biotechnology establishments in 1997.
4. The numeric change in the number of biotechnology establishments from 1990-1997.
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