Growing in 2012? Find out about the 2012 Life Sciences Tax Incentive Program
Friday, September 14 2012
8:30 am – 10:00 am
Location: MassBio, 300 Technology Square, 8th Floor, Cambridge, MA
The Massachusetts Life Sciences Center has opened its application period for the 2012 Life Sciences Tax Incentive Program, and MassBio is pleased to co-organize with the Center an information session about the Tax Incentive program.
The information session will take place on September 14 at 8:30-10:00 am in MassBio’s offices, 300 Technology Square, 8th floor, Cambridge. Brad Rosenblum, CFO at the Massachusetts Life Sciences Center, will be there to answer your questions.
Click here to register for this info session.
The Program invests in job creation by offering tax incentives to growing 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. Through three prior rounds, the Center has fifty-seven (57) active awards totaling $56.7 million involving companies that have created or are promising to create more than 2,000 jobs.
Applicants are generally companies that have transitioned or are transitioning from pure life sciences research and development ("R&D") to commercialization and manufacturing. The Center recognizes that many companies struggle to address the significant capital investment associated with the long life sciences R&D cycle and the high cost of translating research into a commercially viable product. This solicitation is designed to help sustain these companies through a critical stage of development and to leverage additional sources of capital to bring cutting-edge innovation to the marketplace.
Applications can be submitted online via the Massachusetts Life Sciences Center's website until October 25, 2012 at noon EDT.
You can learn more about the Life Sciences Tax Incentive Program by visiting the Massachusetts Life Sciences Center's website and questions about the program can be emailed to TaxProgram@masslifesciences.com.