I am pleased to announce that the application period for the next round of the Massachusetts Life Sciences Center's Tax Incentive Program is now open. Applications can be submitted online via the Center's website, with a deadline of February 16, 2017 at noon. The MLSC will again seek to leverage the life sciences assets that are in place around the state, and utilize the Tax Incentive Program to promote growth throughout Massachusetts. Toward that end, the agency is actively encouraging applications from companies located outside of Greater Boston. The MLSC is also encouraging participation by first-time applicants, minority and women-run businesses, and companies engaged in manufacturing.
Our Tax Incentive Program has encouraged companies to create thousands of new jobs in Massachusetts, and it has played a major role in encouraging many of the global leaders in life sciences, such as Seimens, and home-grown companies like Alnylam to make significant investments in new or expanded facilities here. As of June 30, 2016, through seven prior rounds, the Tax Incentive Program has resulted in combined net new hire commitments or actual new hires of more than 5,400 jobs among active and completed awards.
An example of a company that has utilized this program effectively is Lawrence-based NxStage Medical. The company received tax incentives from the MLSC in 2010 and 2013 totaling nearly $1.8 million, committing to create and retain a combined total of 72 new jobs in Massachusetts. Leveraging our tax incentives, NxStage was able to exceed their commitment and increase their Massachusetts employment by more than 170 employees, nearly doubling their total employment in the state since their first award.
You can learn more about the Tax Incentive Program by visiting the Center's website. The Center will also be offering information sessions for interested applicants throughout the state. The dates and locations of these information sessions are listed below. Click on the location to RSVP.
Questions about the program can be emailed to TaxProgram@masslifesciences.com
The Program addresses the significant capital associated with the life sciences R&D cycle and the high costs of translating research into commercially viable products. There are ten different incentives available through the program. To qualify, companies must receive certification from the MLSC 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 of all sizes to create new long-term jobs in Massachusetts.
Our Tax Incentive Program has encouraged companies to create thousands of new jobs in Massachusetts, and it has played a major role in encouraging many of the global leaders in life sciences, such as Seimens, and home-grown companies like Alnylam to make significant investments in new or expanded facilities here. As of June 30, 2016, through seven prior rounds, the Tax Incentive Program has resulted in combined net new hire commitments or actual new hires of more than 5,400 jobs among active and completed awards.
An example of a company that has utilized this program effectively is Lawrence-based NxStage Medical. The company received tax incentives from the MLSC in 2010 and 2013 totaling nearly $1.8 million, committing to create and retain a combined total of 72 new jobs in Massachusetts. Leveraging our tax incentives, NxStage was able to exceed their commitment and increase their Massachusetts employment by more than 170 employees, nearly doubling their total employment in the state since their first award.
You can learn more about the Tax Incentive Program by visiting the Center's website. The Center will also be offering information sessions for interested applicants throughout the state. The dates and locations of these information sessions are listed below. Click on the location to RSVP.
| Location | Date | Time | Address |
| Waltham |
January 13, 2017
| 9-11 AM | 1100 Winter Street 1st Floor |
| Cambridge | January 19, 2017 | 9-11 AM | MassBio, 300 Technology Square, 8th Floor |
| Lowell | January 24, 2017 | 9-11 AM | M2D2 110 Canal Street, 4th Floor |
| Marlborough |
January 26, 2017
| 9-11 AM | The Campus at Marlborough, Stanford Room, 100 Campus Drive |
| Waltham |
February 2, 2017
| 9-11 AM | 1000 Winter Street (North Entrance) 1st Floor |
Questions about the program can be emailed to TaxProgram@masslifesciences.com
Sincerely,
Travis McCready
President & CEO
Massachusetts Life Sciences Center
Massachusetts Life Sciences Center
沒有留言:
發佈留言