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Bioscience firms and regional development groups describe local jobs gains under manufacturing sales-tax exemption
Summary
The Bioscience Association and Aldevron told a legislative committee the biologic manufacturing sales-tax exemption supports high-wage jobs and R&D in Fargo; Aldevron said the exemption allows reinvestment and cited a $65 million Fargo payroll and the company's $9.6 billion acquisition by Danaher.
Representatives of the Bioscience Association of North Dakota and private firms told the Tax Reform Relief Advisory Committee the state’s biologic manufacturing sales-tax exemption supports regional R&D, production and high-wage jobs.
Nancy Johnson, secretary of the Bioscience Association, said the exemption is a focused tool that helps connect innovators, companies and investors and supports…
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