We are the sole voice of the industry to state legislative and administrative policy makers, and a unique resource helping our members interact with their state government. We work year-round to maintain relationships, monitor new developments, participate in the implementation of policies, and formulate strategic proposals anticipating new challenges and opportunities.
Policies which make Virginia the best state in the country to start and grow a life science business and unleash the potential of our universities and workforce to bring innovative life science products and services to the clinic and market.
Continued funding and improvement of existing incentives, including the Angel Investor Tax Credit, the Refundable and the Major R&D Tax Credits, the Capital Gains exclusion for early investors in technology companies and the Catalyst (VBHRC). These are the policies now in play and the key incentives in place in support of the industry.
Our work year round and during the General Assembly is a collaboration of many. Our staff visits legislators and testifies before committees, and we arrange for our members to do the same, and communicate with their elected representatives on issue of special interest. We engage an esteemed lobbying firm, First Choice Consulting, to work on behalf of the industry in Richmond.
First Choice Consulting
We are helped greatly by our members of national breadth, by our national affiliate organizations and our colleagues at other state life science associations. With their help we can scan the horizon for national issues which may arise in Virginia, find best practices, provide Virginia policymakers in depth and comparative information they require to determine how best for Virginia to compete and excel.
We also work with allies across the state such as local and regional tech councils to champion issues of common interest and importance to the Commonwealth.
Policy Priorities, Issues and Resources
We champion issues that are important to promoting entrepreneurship, innovation and investment, the diversification and strengthening of the economy and the well-being of patients.
During the General Assembly follow bills we are tracking, learn how the General Assembly works and how you can stay up to date on issues that concern you.
Success depends on gathering our ideas and perspectives, setting goals and joining our voices. Here’s how to get involved now at the state and federal level.
Here are resources providing background and further information on priority policy issues facing the industry.