Life Sciences Center Issues New Round Of Tax Incentives
Six Central Massachusetts firms will benefit from the latest round of tax incentives issued by the Massachusetts Life Sciences Center.
The center awarded $23.9 million in tax incentives to 30 companies throughout the state. The incentive program is part of the state's 10-year, $1 billion Life Sciences Initiative. This is the second year incentives have been provided.
As part of the incentive program, companies must pledge to create and maintain a certain number of jobs. The local beneficiaries are listed below, along with the amount of the incentive award as well as the job creation commitment:
• Boston Heart Lab Inc., Framingham, $440,000 tax incentive, 36 jobs
• Caliper Life Sciences Inc., Hopkinton, $270,000 tax incentive, 11 jobs
• Interlace Medical Inc., Framingham, $75,000 tax incentive, 10 jobs
• Still Rivers Systems Inc., Littleton, $296,288 tax incentive, 11 jobs
• Sunovion Inc., Marlborough, $942,734 tax incentive, 35 jobs
• Valeritas Inc., Shrewsbury, $480,000 tax incentive, 18 jobs
The incentive program is co-administered by the Life Sciences Center and the state Department of Revenue.
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