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Massachusetts awards $30 million to 33 life-sciences companies, pledging more than 1,500 jobs
Summary
Governor Maura Healey announced $30 million in Massachusetts Life Sciences Center awards to 33 companies, including job pledges at Lila Sciences and other firms, and said the Mass Leads Act increased the annual tax-credit pool to $40 million.
Gov. Maura Healey announced a $30,000,000 round of Massachusetts Life Sciences Center awards to 33 companies on Oct. 12 at Lila Sciences in Cambridge, saying the companies have pledged more than 1,500 jobs, including 100 jobs at Lila Sciences.
The announcement builds on the Mass Leads Act, which Healey said extended the life sciences initiative for 10 years and increased the annual tax-credit award pool from $30,000,000 to $40,000,000. "We're doubling down on our commitment to the life sciences industry," Healey said, adding that the administration expects the remaining $10,000,000 to be awarded in the next funding round.
Why it matters: Healey framed the awards as a state-level response to reductions in federal research funding and as a strategy to maintain Massachusetts’ competitiveness in biotech.…
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