2014 Government Regulations & Business Summit
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BOSTON – The Boston Foundation released a report showing that Gov. Deval L. Patrick’s administration’s investments in the life sciences sector are making a “measurable impact on job creation and spurring economic growth” throughout Massachusetts.
The report also encourages continued funding of the Life Sciences Initiative, the 10-year, $1 billion investment package in the life science industries.
In 2007, Patrick proposed the Massachusetts Life Sciences Initiative, which was passed by the Legislature in 2008. The Massachusetts Life Sciences Center was tasked with implementing it.
The report, “Life Sciences Innovation as a Catalyst for Economic Development: The Role of the Massachusetts Life Sciences Center,” said that initiative has had “a measurable impact,” helping the state’s life sciences cluster create jobs in Massachusetts at a faster pace than any other industry sector in the state. Additionally, since 2008, Massachusetts has overtaken all “competitor states” in the rate of life sciences job creation.
The report was conducted through the Kitty and Michael Dukakis Center for Urban and Regional Policy at Northeastern University. •