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Mass. Governor Expected to Sign
$1B Life-Sci Bill Into Law This Week

[June 16, 2008]

By Alex Philippidis

State lawmakers last week quickly passed the final version of the bill, An Act Providing for the Investment in and Expansion of the Life Sciences Industry in the Commonwealth, which will set aside $500 million in capital investments for construction and improvement projects; $250 million in tax credits for life-science companies in return for new bio jobs in the state; and $250 million for direct grants for researchers, including seed money to address federal funding shortfalls.

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