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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.