News Headlines Article

Health Care Digest: Berkeley’s biotech welcome mat, virus hunter’s new target and more
San Francisco Business Times

After years of taxing government research grants — a main source of revenue for biotech startups — the Berkeley City Council voted in late May to exempt small businesses from the tax on up to $1 million in grants. The rationale? Eliminating the tax could help biotech (as well as tech and cleantech) startups thrive.

Berkeley Mayor Jesse Arreguin wasn’t available to talk about the measure, but a report from the mayor to the City Council noted that the “slight loss” in tax revenue for the city “will likely be recouped through more businesses remaining in Berkeley.”