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Michigan Business Beat | Dr. Stephen Rapundalo, MichBio, Michigan Research Tax Credit
Chris Holman welcomes Dr. Stephen Rapundalo, President and CEO, MichBio, Ann Arbor, MI. Dr. Stephen Rapundalo, President and CEO of MichBio, joined the Michigan Business Beat to discuss recent developments affecting Michigan's life sciences and biosciences industry. After a 15-year effort, Michigan reestablished a research and development tax credit, offering 10% for large companies and 15% for small businesses (250 employees or fewer), with an additional 5% available when R&D is outsourced to Michigan research universities — and importantly, the credit is refundable, providing cash back to…
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