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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