Bill > S2531

This bill provides funding for a program of economic development and job creation, specifically focused on the life sciences industry in Massachusetts. The key provisions include: - Allocating $462,970,000 to the Massachusetts Life Sciences Center Investment Fund to support capital grants for life sciences education, workforce development, early-stage company growth, advanced bio-manufacturing, and scientific innovation at various University of Massachusetts campuses. - Increasing the annual cap on the Life Sciences Tax Incentive Program from $25 million to $30 million. - Extending the Life Sciences Tax Incentive Program from 2018 to 2028. - Extending the availability of the $462,970,000 bond-funded spending authorization until June 30, 2023. The bill aims to drive continued job growth and support the development of the life sciences industry in Massachusetts through targeted investments in education, training, research, and infrastructure.

https://malegislature.gov/Bills/190/S2531