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Massachusetts governor announces $400 million DRIVE initiative to bolster research, jobs
Summary
Governor Maura Healey announced the DRIVE initiative, a proposed $400 million state investment to support research at universities and hospitals, spur life-sciences manufacturing and create jobs statewide; the plan is a legislative proposal that requires approval by the Legislature.
Gov. Maura Healey on Sunday announced the DRIVE initiative, a proposal to invest $400 million in discovery, research and innovation to “grow the Massachusetts economy, create jobs across our state, and ensure that Massachusetts remains the global leader” in research and development.
The initiative, Healey said, would fund research projects at public and private universities, hospitals and institutes that deliver “clear public benefit and create jobs,” and create mechanisms to leverage public dollars with private investment. “The DRIVE initiative. A $400,000,000 investment in discovery, research, and innovation for a vibrant economy,” Healey said.
Why it matters: state officials and industry leaders told reporters the funding aims to protect research jobs and the state’s life-sciences ecosystem amid federal funding uncertainty and recent grant cancellations. Marty Meehan, president of the University of Massachusetts system, said the proposal “will…
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