Buzz

The Qualifying Therapeutic Discovery Project Tax Credit Extension Act of 2011 has been introduced in Congress to extend grants and tax credits under the Therapeutic Discovery Project, reports MICROHSCOPE.

The 2010 Therapeutic Discovery Project provided $1 billion in support to nearly 3,000 companies across the country, including 62 Ohio biomedical firms that collectively received $16 million in grants and tax credits.

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Officials with the Ohio Film Office say four films have committed to shoot in the state and, in turn, receive more than $2.3 million in tax credits, reports the Cincinnati Business Courier.

The films are Seven Below Zero, Old Fashioned, Over the Wall and Liberal Arts, which will be shot partially in Columbus. Since the state's Motion Picture Tax Credit program began in 2009 under former Gov. Ted Strickland, Ohio has awarded more than $29 million in incentives to productions that have employed more than 9,000 Ohioans, the state said.

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Research and equipment at Youngstown State University to recycle trash -- that is, plastic throwaways such as empty milk containers and water bottles -- into treasure, reports the Youngstown Business Journal.

Polyflow LLC, a startup company that operates a small pilot processor in Akron, is looking to use its patented process to convert household plastic and polymer items into transportation fuel and new types of plastics on a large scale.

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Michigan and Ohio voters in two new Mellman Group polls for Ceres say they'd like their vehicles to give them 60 mpg as early as 2025, reports Torque News.

They also want major inroads made to dramatically cut carbon-dioxide pollution from cars and trucks.

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There is little connection between a state's investment tax burdens and its economic performance, reports The Atlantic.

The publication reports on a new study that compares states' tax burdens with business competitiveness. The study finds that Maine imposes the smallest tax burden on new investment, followed by Oregon, Ohio, Wisconsin, and Illinois, all with effective tax rates on new investment of five percent or less.

Read the full story here.