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Massachusetts Life Sciences Center Awards $25 Million in Tax Incentives

Mon, 03/04/2013 - 12:47pm
Mass Device

Massachusetts Life Sciences Center awards $25 million in tax incentives aimed at spurring job creation in the Commonwealth's medical device, biotech and pharmaceutical industries.

The Massachusetts Life Science Center has doled out more than $25 million to 25 life science companies who pledged to create new jobs in its latest round of tax incentives.

Biogen Idec, with a pledge to create 225 new jobs based netted $5.5 million in incentives. Also top on the pledge list was Nova BioMedical, which brought home $1.7 million with a promise of 75 jobs, PerkinElmer with $1.5 million for 60 jobs and Boston Heart Diagnostics with $450,000 for 35 jobs.

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