Hoping to compete with states like California and New York that already support cutting-edge biotechnology and life sciences research, Massachusetts Governor Deval L. Patrick recently announced the Massachusetts Life Science Strategy. At the center of the strategy are plans to create a stem cell bank and to promote RNA interference (RNAi) research. The initiative proposes $1 billion over the next ten years, with $500 million to be spent on facilities and equipment, $250 million for research grants, fellowships, and training initiatives, and $250 million on tax incentives for biotechnology companies. The plan must first be approved by the Massachusetts legislature.
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