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Coalition Applauds Introduction of Life Sciences Jobs and Investment Act
Date:7/25/2011

n and not stand idle while our foreign competitors in the life sciences continue to dedicate financial resources to such arrangements.  A domestic tax policy that provides investment incentives for collaborative agreements between life science companies and universities will help develop the future of an educated, science-based workforce.  

About The Science Center

The University City Science Center accelerates technology commercialization, regional economic development, and the market availability of life-enhancing scientific breakthroughs by bringing together innovations, scientists, entrepreneurs, funding, laboratory facilities, and business services.  Established in 1963 and headquartered in Philadelphia, PA, the Science Center was the first, and remains the largest, urban research park in the United States. Graduate organizations and current residents of the University City Science Center's Port business incubators have created more than 15,000 jobs that remain in the Greater Philadelphia region today and contribute more than $9 billion to the regional economy annually. For more information: www.sciencecenter.org.

About the Coalition

The Life Sciences Investment Act Coalition represents a diverse group of patient, academic, biotechnology, pharmaceutical, medical device, research and other organizations in the life sciences industry. The coalition is leading the charge promoting policies that encourage research and investment to generate high quality jobs, keeping the United States on the cutting edge of global competitiveness, promoting good health, and enhancing the overall quality of life. The key component is the Life Sciences Investment and Jobs Act, which incentivizes research and investment in life sciences on a targeted basis. Under the bill, a taxpayer engaged in life sciences can elect an increased tax credit for the first $150 million of research in li
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SOURCE The Life Sciences Investment Act Coalition
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