Last week, we gathered at the Ragon Institute of Mass General Brigham, MIT, and Harvard in celebration of the passage of the Mass Leads Act which reauthorizes the state’s Life Sciences Initiative over 10 years, providing critical capital funds and expanding the tax credit program to spur job creation and growth.
The time is now to work collaboratively and own the #1 global life sciences position, defining the standard for medical research, industry partnerships, and equitable healthcare delivery.
The economic development bill will make Massachusetts a global leader in emerging industries like climatetech and applied artificial intelligence (AI), while also building on the success of the state’s renowned life sciences sector. The package will create jobs, support business growth, expand workforce development programs and support rural and regional economic development initiatives. Governor Healey will host a ceremonial signing event in the near future.
The legislation positions the Healey-Driscoll Administration to begin executing on the billion-dollar initiatives proposed in March for climatetech and life sciences. This includes a $500 million capital reauthorization of the state’s Life Sciences Initiative over 10 years and an expansion of a tax credit program designed to spur job creation and growth in the life sciences industry.
