Promises about Technology on Macker-Meter

Increase investment tax credit

“Terry McAuliffe proposes … increasing the current limit on investment tax credits for commercialization. The current limit of $5 million dollars … should be increased by an amount between $1 million to $2.5 million depending on budget conditions, with the increase specifically targeted to biotechnology and biomedical companies.”

Create biotechnology startup loans

"Terry McAuliffe proposes … creation of the Virginia Biotech Startup Program. Designed to supply critically needed startup funds to entrepreneurs, inventors, or scientists hoping to prepare an idea to attract private capital, this program would receive an initial capitalization of between 2.5 and 5 million dollars (depending on budget conditions) and would then be replenished as loans are repaid."