$1 Billion for Life Sciences in Massachusetts
Posted on June 17, 2008 Comments (0)
Petri dish for economic growth
So far, the signs are good. The bill commits $500 million for research facilities, infrastructure improvements, and other capital projects; $250 million for tax credits; and $250 million for research grants. The plan is flexible enough to support research at private institutions while making major investments at public universities. Patrick and legislators fended off the most flagrant attempts to divert money into political pet projects with little direct relevance to the biotech industry, such as $49.5 million for a science building at a state college with no graduate science programs.
As I have mentioned many times the centers of scientific excellence are important for economic success. Massachusetts has some great advantages with MIT, Harvard, many biotech companies… but still must continue to focus on staying a center of excellence.
Related: Harvard Plans Life Sciences Campus – China’s Gene Therapy Investment – $600 Million for Basic Biomedical Research – Singapore woos top scientists with new labs – Economic Strength Through Technology Leadership