Advocating for policies that grow our state’s bioscience industry.

In this fast-moving industry, BioCT keeps policy makers and influencers abreast of the latest developments and changing needs of the bioscience community.

Each year, we host a Legislative Day in Hartford to bring together state legislators and industry executives to explore the issues most critical to Connecticut’s bioscience community. This event includes timely presentations and panels as well as the opportunity to meet with key legislators.

As the state affiliate to the Biotechnology Industry Organization (“BIO”), we also have a voice in the federal policies that are shaping the future. Each year, we lead a Connecticut delegation to participate in the annual BIO Fly-In, a two-day event that brings over 1,000 leaders of the national biotech industry to Washington to meet with legislators.

Advocacy At the State Level

BioCT’s advocacy wins at the state level include:

  • A $100 million-10-year stem cell research program, the first of its kind
  • 6% tax credit for continuing research and development
  • 20% tax credit for new research and development
  • 65-cents-on-the-dollar refundable R&D tax credit
  • Biopharma sales and use tax exemption
  • 20 year net operating loss carry-forward period
  • Bioscience Innovation Act, a $200 million fund for start-ups and entrepreneurs
  • $1.5 billion Next Generation Connecticut legislation for strengthening STEM education

March 2019 Legislative Day

Connecticut’s bioscience industry has seen tremendous progress in recent years, and its key players say they want to work with lawmakers and other stakeholders to sustain that momentum. Three of the Nutmeg state’s success stories in the bioscience sector shared highlights of their growth, and some of their needs, with state and local leaders during BioCT’s Legislative Day on March 5 at the state capitol. “It’s a chance to meet with our legislators and to hear about what’s going on in our industry and the support that we need,” BioCT CEO Dawn Hocevar said.

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