The Massachusetts Life Sciences Center is offering tax incentives to companies in the state that could create new jobs, Mass High Tech reports. The center may give away up to $25 million in incentives. "Our tax incentive program has provided a solid return on investment for the taxpayers by incentivizing job creation, and holding the companies involved accountable for their job creation commitments," said Susan Windham-Bannister, president and CEO of the center, in a statement.
In addition, the center is encouraging academic institutions, business incubators, and nonprofit organizations to apply for funding for capital projects, reports the Worcester Business Journal Online. For this initiative, the center may invest up to $40 million. "These projects create much-needed jobs in the building trades and permanent jobs in the life sciences," said Greg Bialecki, the co-chair of the center, in a statement.