STAT+: Massachusetts lawmakers consider $1 billion proposal to bolster region’s life science leadership
Massachusetts Gov. Maura Healey has a $1 billion "Life Sciences 3.0″ proposal to cement the region's biotech leadership. But lawmakers are cautious about the potential investment.
Next stop: Beacon Hill.
Governor Maura Healey’s long-awaited plan to double down on state funding for the biotech and medical technology sector came into focus Thursday with the announcement she’ll seek $1 billion over the next decade to reauthorize the state’s 16-year-old life sciences initiative.
But lawmakers so far are noncommittal on funding the plan. The proposal — dubbed “Life Sciences 3.0″ — is part of a larger economic development bill the Healey administration is expected to file soon. Several expressed support for an industry in which Massachusetts is a leader, but also noted the spending request comes at a time of competing priorities.
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