California's Biomedical Industry Applauds Gov. Davis for Initiatives; New State Incentives, Small Business and Education Initiatives Will Advance Research.Business Editors & Health/Medical Writers BIOWIRE2K LA JOLLA La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , Calif.--(BW HealthWire)--Jan. 12, 2001 California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Healthcare Institute (CHI (Computer Human Interface) Typically refers to the devices and associated applications used by humans to interact with computers. For example, a CICS data entry screen displayed on a 3270 terminal makes up a CHI for a banking application. ), representing more than 200 biotechnology, medical device, pharmaceutical and academic research organizations in California, applauded Gov. Gray Davis for his efforts on behalf of biomedical research Biomedical research (or experimental medicine), in general simply known as medical research, is the basic research or applied research conducted to aid the body of knowledge in the field of medicine. and innovation in California. Gov. Davis has proposed tax and small business incentives, and transit and education initiatives that will promote biomedical science Noun 1. biomedical science - the application of the principles of the natural sciences to medicine bioscience, life science - any of the branches of natural science dealing with the structure and behavior of living organisms , biotechnology, pharmaceutical and medical device innovation in California. "Governor Davis has demonstrated a strong commitment to California's biomedical research enterprise," said David Gollaher, Ph.D., CHI president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "He has been a valuable partner in advancing basic science, along with research and development of promising new medicines that will benefit patients in our state and around the world." Highlights of Gov. Davis' proposals that will benefit biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. and the patients they serve include: -- Creation of the California Institutes of Science and Innovation -- Gov. Davis announced the establishment of three major research institutions dedicated to nanotechnology, biotechnology and telecommunications and computing in December 2000. The California Institutes for Science and Innovation will concentrate on complex scientific challenges and serve as training grounds for future scientists. -- Increase and Extension of the Manufacturers' Investment Credit -- Many of California's leading biomedical R&D companies are making the transition from technology development to manufacturing. The state manufacturers' investment credit is an important incentive to help keep these job-creating functions located within the state. The governor's budget proposes to increase the manufacturers' investment credit from 6 to 7 percent and extends the sunset date to Jan. 1, 2008. The credit is designed to partially offset the sales taxes that manufacturing businesses must pay on their California investments. -- Increase in the Capital Gains Exclusion for Small Business Stock -- In order to help fund critically important R&D projects, biotechnology companies rely heavily on capital markets. The governor's budget proposes to encourage long-term investment in these innovative companies by increasing the current 50 percent exclusion for gain from the sale of small business stock held more than 5 years to 100 percent (applies to stock purchases after Jan. 1, 2001). -- Transit -- Another proposal in the governor's budget is designed to help relieve the traffic congestion that plagues many of California's high-tech centers -- a tax credit for employers who provide subsidized transit passes for employees. -- Teacher Credits and Sales Tax Holiday -- On the important issue of education, Gov. Davis has proposed a tax credit for employers who loan employees to public schools to teach math and science. Further, a sales tax holiday is included in the budget to help parents with the costly burden of preparing their children for the school year. CHI represents more than 200 leading medical device, biotechnology, diagnostics (1) Software routines that test hardware components (memory, keyboard, disks, etc.). Diagnostics are often stored in ROM chips and activated on startup. (2) Error messages in a programmer's source code that refer to statements or syntax that the compiler or assembler and pharmaceutical companies, and public and private academic biomedical research organizations. CHI's mission is to advance responsible public policies that foster medical innovation and promote scientific discovery. CHI's Web site is http://www.chi.org See .org. (networking) org - The top-level domain for organisations or individuals that don't fit any other top-level domain (national, com, edu, or gov). Though many have .org domains, it was never intended to be limited to non-profit organisations. RFC 1591. . |
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