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Legislative Wrap-Up: Support for TBED Initiatives in DE, ME, NV, NC, TX

July 20, 2011

Lawmakers in several states wrapped up their 2011 sessions in time for the new fiscal year, which begins on July 1 for most states, allocating funds and passing bills in support of tech-based economic development. Read more...

Delaware lawmakers established a new Job Creation Tax Credit and extended the scope to include clean energy technologies. Read more...

Maine Gov. Paul LePage signed a bill expanding the state's Seed Capital Tax Credit. Read more...

Nevada legislators passed a bill reorganizing the state's economic development efforts. The bill also establishes a Catalyst Fund and creates a Knowledge Fund to encourage technology commercialization. Read more...

North Carolina's recently enacted budget continues to support the state's life sciences industry, but at a reduced level. Overall, appropriations for life science activities are reduced 3.9 percent in the coming year. Read more...

Texas Gov. Rick Perry signed the 2012-13 biennial budget, which includes funding for the state's two major economic development funds — the Emerging Technology Fund and the Texas Enterprise Fund. Another bill passed during the session establishes a scholarship program to increase STEM graduates. Read more...

Delaware, Maine, Nevada, North Carolina, Texasstate tbed, tax credits, capital, commercialization, bio, stem