Massachusetts has become renowned for its cutting-edge life sciences industry which has flourished over the past decade and a half. Now a newly-passed economic development package seeks to build on that, while planting the seed for emerging industries like climatetech and artificial intelligence to grow in the Bay State.
Gov. Maura Healey held a ceremonial signing this month for the Mass Leads Act — aiming to create jobs, expand STEM industries, among many other initiatives.
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It includes the third reauthorization of the Life Sciences Initiative, which was originally passed in 2008 and is widely credited with helping to establish Massachusetts as a biotech hub. Plus, it throws $400 million toward climatetech initiatives and $100 million to create the Massachusetts AI Hub.
Mass. AI industry expanding, new jobs coming
