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FROM SITE SELECTION MAGAZINE • SEPTEMBER 2003
Massachusetts - It's all here.
SPECIAL ADVERTISING SECTION


Everything you need to make your life sciences company flourish,
from concept to production, is in Massachusetts. It's all here.

The fact is that Massachusetts is one of the most economically friendly and politically supportive states in America for life sciences companies. Add our aggressive tax benefits, highly skilled workforce, and significant financial and funding advantages, and the message we're sending is quite clear: We're the smartest and best location for your business. And we want you in our state.

More than a state of minds.
Massachusetts offers the best of both worlds: the intellectual resources of leading universities and healthcare institutions along with the manufacturing-friendly and cost-effective locations throughout the state.
        The top five reasons why your business should be in Massachusetts:
1. Pay Less. Benefit from our single sales factor, investment tax credits, R&D tax credits, and competitive workers' compensation costs.
2. Your Dollar Goes Farther Here. Our manufacturing and labor costs are lower than the competition's.
3. Funding Is Easy to Access. The Boston Metro Area ranks #2 in venture capital funding and receives the largest percentage of research funding from the National Institutes of Health.
4. Skilled Workers, Ready to Work. Massachusetts ranks #1 in the U.S. in percentage of workers age 25 and older with a four-year or advanced degree and #2 in worker productivity.
5. Intellectual Capital to Tap. More life sciences patents were awarded to scientists in the Boston Metro Area than any other place in America.

Dispelling the Massachusetts myths.
You may be surprised to learn that the cost of doing business in Massachusetts is very competitive with most other states in the U.S.
Taxes. Massachusetts has spent more than a decade creating a more welcoming tax climate, passing 46 tax cuts since 1991 and adopting the single sales factor in 1995.
Cost of Living. Massachusetts is a state rich in diverse metropolitan and suburban locations; there's an area to fit any business and cost-of-living requirement. As the chart below demonstrates, areas such as Worcester, Fall River, Springfield, and Lowell are competitive with any other state in America.
Other Cost Advantages. Competitive workers' compensation costs, investment tax credits, and R&D tax credits all make Massachusetts an effective place to do business.

Everything you need to establish and grow a successful life sciences company is in Massachusetts. It's all here.

Contact Scott Sarazen, Senior Vice President of Massachusetts Life Sciences, at 800.445.8030
or ssarazen@massdevelopment.com, or visit Massmeansbusiness.com to learn more.

Massachusetts. It's all here.

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©2003 Conway Data, Inc. All rights reserved. SiteNet data is from many sources and not warranted to be accurate or current.