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Fueling Innovation in Maryland: Understanding the Biotechnology Investment Incentive Tax Credit (BIITC)
Access to the right incentives can play a critical role in advancing research and attracting investment. In this session, Jason Sobel of the Maryland Department of Commerce will provide a clear overview of the Biotechnology Investment Incentive Tax Credit (BIITC), including what it is, who qualifies, and how to apply.
Attendees will gain practical insight into recent legislative updates impacting the program, along with a brief look at related opportunities such as opportunity zone enhancements and the research and development tax credit. Whether you are seeking to better understand Maryland’s funding landscape or exploring ways to support commercialization, this session offers a concise guide to leveraging BIITC as a tool for growth.
**Jason will offer in-person office hours following the seminar for those with specific questions. Spots are first come, first served, and must be scheduled in advance. To reserve time, email Alex Voss at alex.voss@jhu.edu.**
SEMINAR SPEAKER - JASON SOBEL
Jason Sobel is a tax specialist for the Maryland Department of Commerce and has administered the Biotechnology Investment Incentive Tax Credit program since 2020. Previously, he worked for the Office of the Comptroller of Maryland, first in tax controversy and then in unclaimed property.
May 7, 2026 | 12:00 PM-1:00 PM
In-Person Attendance: JHTV - 1812 Ashland Ave, Baltimore, MD 21205
(lunch will be provided to those attending in person)
Virtual Attendance: Zoom (a link will be provided upon registration)