Massachusetts Transition and Growth Program (MassTAG)
The Massachusetts Transition and Growth Program (“MassTAG”) will provide grant funding to encourage companies to establish operations in the Commonwealth of Massachusetts, the world’s leading ecosystem for life sciences innovation and growth.
Critical objectives for this program are job creation, scientific advancement that will benefit patients and further growth of the Massachusetts life sciences ecosystem. The program will focus on companies that do not initially qualify for the MLSC’s tax incentive program due to a lack of existing operations in the Commonwealth.
This program is available to companies within the life sciences sectors, including:
- Agricultural Biotechnology
- Drug Discovery
- Medical Device
- Regenerative Medicine
- Professional Services
- Technology for Life Sciences
Awards will be given in grant form to companies with a current workforce of at least five workers that have an intention to hire or locate at least ten employees in Massachusetts during the company’s initial twelve months operating in the Commonwealth.
The program will focus on companies that do not initially qualify for the MLSC’s tax incentive program. That program provides incentives to growing companies with existing operations in Massachusetts, or to newly arriving companies that are establishing at least 50 new jobs in Massachusetts.
Grants will be provided on a per-job basis (in amounts comparable to the awards provided under the MLSC’s existing tax Incentive Program) and will be evenly dispersed retroactively over a three year period assuming the job commitments are met each year based on the company’s grant agreement.
Recipients of grants from this program will be eligible to participate in any other applicable MLSC program.
If interested in this program, please click here to view and fill out the MLSC Business Interest Form.
For more information about expanding or relocating to Massachusetts, please email email@example.com.