Massachusetts Economic Development

MassDevelopment is the Commonwealth of Massachusetts' development finance agency and land bank, serving as a central pillar for economic growth in the state. The agency provides financing and real estate solutions to businesses, nonprofits, and municipalities, with a significant focus on the life sciences, healthcare, and manufacturing sectors. It offers tax-exempt bonds, loans, and guarantees to support the construction of R&D facilities, hospitals, and manufacturing plants. By partnering with the Massachusetts Life Sciences Center, MassDevelopment plays a critical role in maintaining the state's global leadership in biotechnology and medical innovation.