Life Sciences Tax Incentive Program
The 2011 round of the MLSC Tax Program is now closed for submission
In order to expand life sciences-related employment opportunities, promote health-related innovations and stimulate research and development, manufacturing and commercialization in the life sciences, the Massachusetts Life Sciences Center is pleased to announce that it is offering tax incentives in 2011 to companies engaged in life sciences research and development, commercialization and manufacturing in Massachusetts. The Life Sciences Initiative authorizes the Center to award up to $25 million in tax incentives each year.
The Program addresses the significant capital expenditures associated with the life sciences R&D cycle and the high costs of translating research into commercially viable products. To qualify, companies must receive certification from the Center and must demonstrate both the scientific and economic merit of their expansion plans. The primary goal of the Program is to incentivize life sciences companies to create new long-term jobs in Massachusetts.
Interested applicants will be required to submit an on-line application. Applications will be accepted on an ongoing basis via the MLSC web site up until the deadline of October 7, 2011 at noon. This is a one-step application process that includes information necessary for company certification under the Life Sciences Act. Please see Sections 5 and 6 of the solicitation for more information regarding the application process.
Questions about the Life Sciences Tax Incentive question can be sent to taxprogram@masslifesciences.com.
In order to provide more information and answer any questions you may have, we are offering information sessions throughout the state. The dates and locations of these information sessions are listed below, but please check the website again as we are hoping to add more sessions.
| Event | Date | Address |
|---|---|---|
| Waltham | July 21, 8:30-10:00am | 1100 Winter Street, Center Entrance, 1st Floor |
| Worcester | July 28, 8:30-10:00am | WPI/Gateway Park, 60 Prescott Street |
| Cambridge | August 10, 8:00-9:30am | MassBio, One Cabridge Center |
| Waltham | August 18, 8:30-10:00am | 1100 Winter Street, Center Entrance, 1st Floor |
| Waltham | September 13, 8:30-10:00am | 1100 Winter Street, Center Entrance, 1st Floor |
RSVP for any of these information sessions at taxprogram@masslifesciences.com.
Download documents for this program
2011 Tax Incentive Program Information Session
Copy of Tax Program Application
Click here for Department of Revenue Tax Information Release
New for 2011 program - Life Sciences Jobs Incentive summary
Download the Center’s report on deferral of decertification for 2009 tax incentive recipients >>