MLSC looking west with new tax incentive round
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Travis McCready, president and CEO of the MLSC.
The Massachusetts Life Sciences Center (MLSC) has opened a new round of job creation tax incentives and is encouraging businesses outside of Boston to apply as it aims to build growth throughout the state.
This will be the seventh round of a program that has resulted in millions in tax incentives and the creation of more than 4,500 jobs, according to the MLSC. The tax incentives have not only been used to help businesses grow, but also as a way to attract some of the global leaders in life sciences to the area. For example, GE Healthcare received $3.15 million to move its U.S. headquarters to Marlborough from New Jersey.
“We want to ensure that this growth is well distributed across the state, and with that in mind we are actively encouraging companies located outside of Greater Boston to apply to this year’s program,” Travis McCready, MLSC president and CEO said in a release.
Applications are due by noon Feb. 25. The program is part of the MLSC’s 10-year, $1-billion, state-funded investment initiative.
This story has been updated to clarify that Marlborough is the site of the U.S. headquarters for GE Healthcare.
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