The Bay State continues to grow as a global hub for innovation and investment. Moderna has started to build out the manufacturing facility acquired in Marlborough last year to scale up a neoantigen therapy program for multiple cancers. The $322 million, 200,000-square-foot expansion is expected to create at least 200 new jobs. Last summer, local developer King Street Properties also completed a $170 million life sciences project in Cambridge with 160,000 square feet of office and laboratory space. Companies in other sectors are also eyeing new investments in Massachusetts. For example, Amazon recently opened its largest facility in the state in North Andover. OneUnited, the nation’s largest Black-owned bank, announced in April 2024 that it will move its headquarters to Roxbury, and AM Batteries opened a new Customer Success Center in Billerica.
Massachusetts Life Sciences Center (MLSC): Offers 10 different tax incentives of up to $15,000 for each job created in a calendar year and maintained for the following four years.
Economic Development Incentive Program (EDIP): Offers state and local tax incentives for full-time jobs creation, job retention and private investment commitments.
Manufacturers Investment Tax Credit: Offers a 3 percent investment tax credit towards any state tax obligation for qualified equipment and facility improvements.
Workforce Training Fund Grant: Offers cash grants of up to $250,000 over a two-year period to train new employees or to upgrade the skills of existing employees.
MassDevelopment
massdevelopment.com
MassEcon
massecon.com
Metropolitan Area Planning Council
mapc.org/get-involved/economic-development
Worcester Regional Chamber of Commerce Economic Development worcesterchamber.org/economic-development
Enacted in March 2024, the Mass Leads Act is an economic development bond bill that will strengthen the state’s global leadership in life sciences and launch
new investments in climate tech and applied AI. The bill is central to a 10-year economic development strategy to execute the vision outlined in the administration’s plan from 2023. The plan will focus on three primary areas: investing in fundamentals to enable economic growth, retaining and attracting talent, and
supporting critical sectors and businesses.
Sixteen Fortune 500 companies headquartered in state, including:
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
