Since the very beginning of the Patrick-Murray Administration, growing and supporting the life sciences in the Commonwealth has been one of our top priorities. From the creation of the Life Sciences Center to recent expansions by Shire, Cubist Pharmaceuticals and Organogenesis, Massachusetts remains a leader in combining science, technology and economic development.
You might be asking yourself “what are the life sciences, and why should I care?” The life sciences are those industries involved in biology, science and medicine. Biotechnology, pharmaceuticals, medical devices, diagnostics and bioinformatics all qualify as life sciences.
But how does this industry impact you? Two words. Jobs. Cures.
Through the work of the Life Sciences Center, the Commonwealth has committed $191 million to investments in our life sciences supercluster, generating more than $700 million in outside investment, and helping to create a projected 6,500 new jobs.
Through our Life Sciences Tax Incentive Program, companies have committed to creating over 800 new jobs in the Commonwealth this year. Academic scholars – leaders in cutting edge fields – are choosing our institutions of higher education for their research. Start-ups are originating – and growing – in our state.
And, it’s not just white collar jobs. Building modern, cutting edge research facilities creates new construction jobs. New medical technologies result in additional manufacturing jobs. And growing life sciences companies are creating jobs of every description, from IT to human resources, and from sales to customer care. Over all, our investments in the life sciences industries will enable an additional 6,500 new jobs for our economy. Moreover, these jobs don’t just put money in our pockets. They also benefit our health and well being. Sure, a study titled: “Teaching lymphocytes where to go: Implications for intestinal immunity and inflammation” may not mean much to you or to me. But, to those suffering from intestinal inflammation, it means a better quality of life.
Continuination of this growth is critical.
“The life sciences [are] part of a larger picture we are piecing together over the long term here,” said Governor Patrick. “It’s about meeting the challenge, even in these times, to make Massachusetts competitive in the 21st century economy. It’s about better tomorrows. Innovation is our edge.”
Jobs. Cures. That’s quite a duo! We are proud to host these companies and champion their success.
We hope you enjoy this video of the Governor’s visit to Organogensis, and these photos from the Administration’s prior life sciences events. Feel free to visit our website to learn more about the growth of the life sciences industry in the Commonwealth and the work of the Massachusetts Life Sciences Center.