Massachusetts Governor Charlie Baker unveils a $500M program to keep its big biotech hub booming
The biotech hub in Boston/Cambridge is booming, and Governor Charlie Baker is advocating a $500 million program for the next five years aimed at keeping the good times rolling.
It’s set up as a successor to former Governor Deval Patrick’s high-profile $1 billion plan, unveiled in 2008, to help spark growth in the life sciences field. Baker is proposing to spend $295 million on infrastructure collaborations in the state, while earmarking $150 million for tax incentives designed to leverage the creation of new jobs.
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