Friday, May 28, 2010

Bill offering tax credits to boost biotech startups clears Illinois Legislature | Crain's Chicago Business

would take effect Jan. 1. It grants a 25% state tax credit to investors in early-stage tech firms.

Boosters of the state’s technology and biomedical sectors said the measure is critical to keep Illinois competitive when vying to retain or attract promising young companies. Wisconsin, Indiana, Iowa, Michigan and Ohio all offer tax credits to so-called angel investors, who seed start-up firms in their earliest stages.

Bill offering tax credits to boost biotech startups clears Illinois Legislature | Crain's Chicago Business

IndustryWeek : OSHA Fines NDK Crystals $510,000 Following Explosion That Killed Bystander

 

The employer knowingly operated high pressure vessels even after being warned of the potential for a catastrophic failure due to material design and fabrication defects," said Assistant Secretary of Labor for OSHA David Michaels, in a news release.

Click on the following for more details:  IndustryWeek : OSHA Fines NDK Crystals $510,000 Following Explosion That Killed Bystander

Winnebago County Board freezes 3 salaries, some bonuses cut

 

The sheriff’s annual salary is $114,395, and the clerk and treasurer are both paid $81,868. Their salaries — which were initially supposed to be adjusted with an annual cost-of-living increase — will remain the same for the next four years.
“I really wasn’t surprised how it went,” said Tom Owens, R-1. “You really only had one person pushing it.”

Click on the following for more details:  Winnebago County Board freezes 3 salaries, some bonuses cut - Rockford, IL - Rockford Register Star