Since its creation in 2007, the MLSC has strategically deployed more than $700 million in Massachusetts, through a combination of grants, loans, capital infrastructure investments, tax incentives, and workforce programs. These investments have created thousands of jobs and propelled the development of new therapies, devices, and scientific advancements that are improving patient health and well-being in Massachusetts and beyond. These investments and commitments have generated more than $3.1 billion in additional investment in the Commonwealth.

THE BOTTOM LINE: Since inception, approximately $748 million of investments have been committed into the life sciences ecosystem as follows:

ProgramsAward AmountNumber of Awards
Capital Projects$480,867,876115 projects
Company Grants and Loans$37,513,418101 awards
Research Grants$27,108,20553 projects
Tax Incentives $142,102,967160 awards
Internships and Apprenticeships$27,832,4214000+ internships
STEM Equipment and Supplies $18,423,382196 awards
Other Grants$13,762,185116 awards

The impact of MLSC investments since inception:

  • Generated $3.3 billion of leveraged investments in the Commonwealth
  • Created more than 13,000 jobs in Massachusetts through tax incentive and capital programs over the last ten years
  • Supplied STEM equipment & professional development grants to Massachusetts schools, serving 28% of public middle and high school students
  • Funded 4,000+ internships at 750 Massachusetts companies; more than 20% of interns are directly hired thereafter
  • Directly supported 185 Massachusetts companies throughout the past 11 years via various grants, loans, and incentive programs