Gov. Charlie Baker signs $623 million life sciences bill

Gov. Charlie Baker on Friday signed into law a $623 million life sciences bill. The bill authorizes the state to borrow and spend up to $473 million over five years and provide tax credits of up to $150 million. “This bill demonstrates the Legislature’s commitment to economic development and workforce training by providing the tools and resources to allow for the continued investment in our people, our infrastructure, and our Massachusetts-based companies,” said Rep. Joseph Wagner, D-Chicopee, House chairman of the Joint Committee on Economic Development and Emerging Technologies, in a statement.

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