With the history of bad investments by the NC Biotech Center and the money sink in Kannapolis, why on earth would state senators (including 14 Republicans)think the state needs another way to throw money at the life sciences sector?
And yet here is S580 to create the NC Life Sciences Development Corporation. The LSD Corporation would guarantee returns with state tax credits for investors in selected start-up companies.
There is no official estimate what it will cost the state to guarantee the financial health of designated investors in the LSD Corporation.
