A Montgomery County Council committee recommended on Monday to contribute $250,000 this fiscal year to a public-private partnership — BioHealth Innovation — that is trying to boost the life sciences industry.
The county’s biosciences task force recommended forming the local nonprofit public-private partnership, among other suggestions, three years ago. Besides the $250,000 supplemental increase by the county in fiscal 2012, the partnership seeks $1.25 million from the county during the following three fiscal years.
The expenditure still needs the approval of the full council — which could come as soon as next week — after the Planning, Housing and Economic Development Committee lent its approval.
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