In Hopkinton, Governor Maura Healey recently showcased her commitment to reinforcing Massachusetts’ standing as a pioneer in the life sciences and technology sectors. During her visit to RoslinCT, a company specializing in advanced cell therapies, Healey was joined by Lt. Gov. Kim Driscoll and Economic Development Secretary Yvonne Hao. Their tour highlighted the company’s innovative work, which spans both Hopkinton and Edinburgh, Scotland.
At a press conference following the tour, Governor Healey introduced the “Mass Leads Act,” a strategic $1 billion initiative extending over ten years. This program is designed to enhance Massachusetts’ leadership in the global life sciences industry. The event, warmed by the welcome from Select Board Chair Muriel Kramer, emphasized the Act’s role in fostering economic growth and innovation within the state.
The proposed legislation underlines substantial investments in local economic development, providing a mix of grants and tax incentives aimed at enhancing the competitive edge of life sciences businesses. Governor Healey expressed her vision of enriching Massachusetts’ economy through this initiative, citing the state’s historical and emerging significance in scientific and entrepreneurial innovation.
Patrick Lucy, CEO of RoslinCT USA, praised the initiative for its potential to sustain technological advancements in the MetroWest area and beyond, reinforcing the state’s top position in biotechnology. Additionally, Yvonne Hao recognized the promising future of companies like RoslinCT and Lykan, underscoring their crucial roles in addressing global health challenges.
Reflecting on the state’s rich history in high-tech innovation, Representative Carolyn Dykema supported the initiative, highlighting its importance in maintaining Massachusetts’ global leadership in life sciences. Governor Healey also detailed the Mass Leads Act, which includes $1.75 billion for reauthorizing existing programs and an additional $1 billion for new capital initiatives, focusing on life sciences, climate technology, and AI development.
Accompanying the legislative efforts, Governor Healey signed two executive orders to further support the state’s cultural and economic sectors. One order aims to bolster arts and culture, while the other seeks to improve public procurement processes for construction projects. These actions collectively aim to enhance the affordability, competitiveness, and inclusivity of Massachusetts, ensuring that benefits reach every corner of the state.