On Oct. 15, 2024, Massachusetts Governor Maura Healey and the Massachusetts Life Sciences Center (MLSC) announced $21.4 million in tax incentive awards to 19 life sciences companies. The awards, provided through the MLSC’s Tax Incentive Program, were expected to create 1,155 new life sciences industry jobs in Massachusetts.  

The MLSC Tax Incentive program is offered to companies engaged in life sciences research and development, commercialization, and manufacturing in Massachusetts, and provides incentives to companies of all sizes looking to expand their efforts by creating new, long-term jobs in the state.  

Out of the 19 companies receiving tax incentive awards, 17 companies—accounting for 72 percent of the new jobs—were expanding in communities outside of Boston and Cambridge. Through this program, life sciences companies have committed to the creation of more than 18,000 jobs since the MLSC’s inception in 2007.