$21.4M in State Tax Breaks for 19 Biotechs

The Healey-Driscoll administration and the Massachusetts Life Sciences Center (MLSC) have announced $21.4 million in tax incentive awards to 19 life sciences companies. The awards, provided through the MLSC’s Tax Incentive Program, are 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. Of the 19 companies receiving tax incentive awards, 17 companies are expanding in communities outside of Boston and Cambridge. The recipients include:

Company                                                 Expansion Location 

Agilent Technologies                                   Chicopee

Berkshire Sterile Manufacturing              Lee

Charles River Laboratories                        Wilmington

Dicerna Pharmaceuticals                           Lexington

Disc Medicine                                               Watertown

Eli Lilly and Company                                Boston

EyePoint Pharmaceuticals                        Northbridge

Imprivata                                                      Waltham

Instrumentation Laboratory                    Bedford

Insulet                                                           Acton

Moderna                                                       Norwood

Pace Analytical Services                           Woburn

Sirtex Medical                                             Woburn

Spear Bio                                                      Woburn

Synterex                                                      Dedham

TScan Therapeutics                                  Waltham

Vericel                                                         Burlington

Vertex Pharmaceuticals                          Boston

Viridian Therapeutics                             Waltham

“We must continue to meet the moment and send a strong signal to companies here in Massachusetts and globally that our state remains the best place in the world to launch and scale life sciences solutions,” said Governor Maura Healey. “Becoming the global hub of the life sciences doesn’t happen by accident. These awards will allow our state to accelerate innovation and job creation and transform lives around the world.”

MLSC has continued to use the Tax Incentive Program to leverage diverse life sciences assets across Massachusetts and encourage growth, expansion and retention on a statewide basis. Since MLSC’s inception, Tax Incentive Program has helped create over 18,000 jobs. (Source: MLSC Website, 15 October, 2024)