INCENTIVE DESCRIPTION

State:	MN
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	R&D Credits
Description:	BIOSCIENCE ZONES: An economic development tool used to establish a Research & Development park to coordinate efforts between educational facilities and bioscience firms. Assigned zones are in Minneapolis, St. Paul and Rochester.
Eligibility Requirements:	For biotechnology and health science industries. Tax exemptions include: 1) corporate franchise tax exemption; 2) state sales and use tax exemption; 3) property tax exemption; 4) wind energy production tax exemption; 5) jobs credit and 6) R&D tax credit.
Geographic Restrictions:	Bioscience Zones
Granting Authority:	Dept. of Employment and Economic Development

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.