Gov. Bob McDonnell will cement the state’s investment in an ambitious Northern Virginia biotech startup, part of an expensive package of incentives, tax breaks and deregulation hoped to spur economic recovery.
The governor plans to sign five measures into law at the Center for Innovative Technology in Herndon, the temporary home of the Ignite Institute — a $200 million nonprofit genetics research venture. One of the bills will offer as much as $22 million in grants for the facility.
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