BIO BONDS

p > < i m g s r c = " h t t p : / / w w w . b i s n o w . c o m / a r c h i v e s / b a l t i m o r e r e / 2 0 1 1 / Q 1 / i m a g e s / i m a g e 0 0 5 . j p g " b o r d e r = " 1 " h e i g h t = " 2 8 2 " w i d t h = " 4 0 0 " > < / p > < p > L o v e t h e < s t r o n g > l a b s c i e n c e s < / s t r o n g > ? Y o u ? r e i n l u c k . T h e M D I n d u s t r i a l D e v e l o p m e n t F i n a n c e A u t h o r i t y ( w h i c h i s a d m i n i s t e r e d b y t h e s t a t e D e p a r t m e n t o f B u s i n e s s a n d E c o n o m i c D e v e l o p m e n t ) i s s u e d < s t r o n g > $ 6 5 M < / s t r o n g > w o r t h o f r e c o v e r y z o n e f a c i l i t y b o n d s T h u r s d a y t o h e l p f i n a n c e c o n s t r u c t i o n o n a n e w < s t r o n g > 2 0 0 k S F l a b b u i l d i n g < / s t r o n g > a t U M d ? s B i o P a r k i n W e s t B a l t i m o r e . T h e p r o j e c t , d e v e l o p e d b y < s t r o n g > W e x f o r d S c i e n c e & T e c h n o l o g y , < / s t r o n g > w i l l b r e a k g r o u n d Q 2 2 0 1 1 a n d i s e x p e c t e d t o g e n e r a t e < s t r o n g > 3 7 5 t o 4 0 0 j o b s < / s t r o n g > , t a k i n g a r o u n d < s t r o n g > 1 5 m o n t h s < / s t r o n g > t o d e l i v e r . T h e b o n d s a r e s e c u r e d b y a l e t t e r o f c r e d i t f r o m M & T B a n k , w h i c h i s t a k i n g t h e s a m e c r e d i t r i s k a s i t w o u l d w i t h a < s t r o n g > c o n v e n t i o n a l < / s t r o n g > m o r t g a g e l o a n . T i m D o y l e t e l l s u s t h e b o n d s p r o v i d e b o r r o w e r s w i t h l o w e r i n t e r e s t r a t e s a n d c o n s i s t o f t h e c i t y ' s < s t r o n g > $ 3 0 M < / s t r o n g > a l l o c a t i o n c o m b i n e d w i t h a n o t h e r $ 3 5 M f r o m t h e c o u n t i e s . < / p >

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