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| RESEARCH AND DEVELOPMENT |
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The Mid-Atlantic Technology, Research and Innovation Center (MATRIC) is an independent, nonprofit, 501(c)(3) corporation headquartered in West Virginia. World-class scientists in the areas of chemistry and chemical products, biosystems, and software systems partner with higher education, industry, and government to conduct life-changing research and development and to commercialize resulting products and services. With superior leadership from a quality professional management team, a committed board of directors, and an expert council of scientific advisors, MATRIC is well positioned to make an impact locally, nationally, and internationally. For more information, visit www.matric.cc
| West Virginia’s Strategic Research and Development Credit strengthens the focus on attracting technology companies. One of the most aggressive research credits in the country, it offsets up to 100 percent of taxes for R&D projects. Direct expenses in research and development are now eligible for a sales tax exemption.
The state's High Growth Business Investment Tax Credit is equal to 50 percent of the qualified investment made in companies that have been certified by the tax commissioner as eligible for the Strategic R&D Tax Credit.
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