MD biotechs queue for tax credits

Representatives from Maryland biotechnology start-ups made like potential contestants for __The Price is Right__ last Monday (June 30) and camped on a Baltimore sidewalk awaiting a chance at success. But these people weren't desperate to participate in the greatest game show on Earth, with a chance to win fabulous cash and prizes. They were lined up for a chance to suckle at the teat of the state's Department of Business and Economic Development, which was passing out state tax credits to biotechs on a first-come, first-served basis as part of a program designed to encourage Maryland's emerging biotech sector. According to the linkurl:__Washington Post__,;http://www.washingtonpost.com/wp-dyn/content/article/2008/07/06/AR2008070601577.html?wpisrc=newsletter which sent a reporter down to the queue outside the Department of Business and Economic Development on East Redwood Street in Baltimore, several executives and scientists waited in line - some for up to 17 hours - to submit their applications for Maryland's Biotechnology Investment Tax...