U.S. Rep. Rush Holt Visits Universal Display

Universal Display hosted U.S. Rep. Rush Holt (D-NJ) of New Jersey’s 12th Congressional District. Holt visited Universal Display to take an in-depth look at the state of innovation in New Jersey, to view the impact economic incentives can have on science and technology companies and to discuss the importance of science and technology companies in today and tomorrow’s economy.

Holt spoke to Universal Display employees to recognize the company for its continued innovation and success, and he highlighted the benefit of tax credits for R&D companies. The congressman supports economic incentives for R&D companies to drive growth and economic vitality, including job creation.

“For more than 30 years, the R&D tax credit has helped drive our economy forward – returning two dollars in private research investment for every federal dollar spent,” said Holt. “But Congress let the tax credit expire last year, putting in jeopardy future job-creating research at companies like Universal Display. It’s time to renew the tax credit and make it permanent. The R&D tax credit creates jobs now and lays the groundwork for future economic growth.”

Holt recently proposed legislation to renew and amend R&D tax credits, such the Permanent R&D Tax Credit Act and the Creating Jobs from Innovative Small Businesses Act of 2013.

“We’re honored to welcome Rep. Holt to our offices, and we have appreciated his support of the New Jersey technology community throughout his career,” said Steven V. Abramson, president and CEO of Universal Display. “We’re proud to demonstrate to the congressman and the world that we have grown from a small, local R&D company into an innovative global technology company in a new and fast growing market.”