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Feature Story: 2016 Economic Development Awards

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The debt-free, state-of-the-art AnC Bio facility will take about 18 months to build. The big ports of Virginia, Baltimore and Miami already are at that depth. The stem-cell market currently is valued at about $1.4 billion, but it is expected to grow into a $160-billion industry by 2030. ACHIEVEMENT IN LOGISTICS.

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STATE INCENTIVES GUIDE

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Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. EQUITY INVESTMENT TAX CREDIT: Targeted toward new, technology-based businesses that pay wages in excess of the state or county average wage.

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