MLSC Fiscal Year 2021 Annual Report

Board of Directors & Staff
Fiscal Year Highlights
Bottom Line
Since Inception

Appendices

_{^{About the cover:

Photos included feature President Turner, Mustang Bio, New Bedford High School, Reboot Rx, Landmark Bio, UMass Chan Medical School, and Tufts University (credit: Jake Belcher)}}

Board of Directors

The Honorable Michael J. Heffernan
Co-Chair, Secretary of Executive Office for Administration and Finance
Designee: Catharine M. Hornby, Undersecretary Executive Office for Administration and Finance

The Honorable Mike Kennealy
Co-Chair, Secretary of the Executive Office of Housing and Economic Development
Designee: Mark D. Fuller, Undersecretary for Business Growth, Executive Office of Housing and Economic Development

Stuart Abelson
CEO & Managing Partner, Ora Asset Development Group, Ora, Inc.

Gary Paul Kearney, M.D.
President, Longwood Urological Associates

Marty Meehan
President, University of Massachusetts
Designee: Julie Chen, Ph.D., Vice Chancellor for Research and Innovation, University of Massachusetts at Lowell

Pam Randhawa, MPM
CEO and Founder, Empiriko

MLSC Staff

Kenneth L. Turner
President and CEO
Shannon Ambrose
Finance & Business Systems Analyst
Monica Anc
Manager of Industry Strategy and Investments
Henrietta Binortsor
Office Administrator
Hawa Fall, PharmD, MBA
Business Development Associate
Meghan E. Gerardo, MS
Senior Marketing Associate
Annual Report Editor
Nancy T. Goryl
Senior Grants Analyst
Jeanne LeClair
Director of Business Development
Allyson McLaughlin Huntington
General Counsel

Ryan H. Mudawar
VP of Education & Workforce Programs
Ciara Murphy
Finance Manager
Cheryl Purnell
Senior Education & Workforce Associate
Carla Reimold, Ph.D.
Senior Director of Industry Strategy and Investments
Cheryl Sadeli, CPA, CGMA
VP of Finance
Joseph P. Sullivan
VP of Marketing, Communications, and Community Relations
Sharon Tapper
Operations Director & Executive Assistant to the CEO
Annie Walsh
Senior Program Associate

Thank you to all former staff for contributions made this past fiscal year. A special thanks to our partners across the ecosystem for contributing photos and content for this report.

Fiscal Year 2021 Highlights

$5.2 million awarded to 15 cross-sector capital projects focused on Women’s Health

1,259 jobs committed via Tax Incentive program with more than half (633) in manufacturing and 310 in the R&D space

$5.2 million invested in Data Science innovation producing 40 internships and 6 cross-sector capital projects

$22.8 million in leveraged investment by 29 industry and nonprofit partners through $23.1 million capital investments

38,200 students served and 732 teachers trained through the STEM equipment and professional development program across 100 schools

Since Inception

Generated $4.7 billion of leveraged investments in the state

Created more than 15,000 jobs in Massachusetts through various Center programs

Funded 5,285 college and high school internships at more than 890 companies

Supplied STEM equipment and professional development grants to Massachusetts schools, serving 247 public high schools and middle schools throughout the state

Bottom Line

Programs	Award Amount	Number of Awards
Capital Infrastructure and Research Equipment	$526,505,152	180
Company Grants and Loans	$39,756,823	120
Academic Research	$28,090,589	53
Tax Incentives	$172,081,294	253
Internships and Apprenticeships	$35,271,778	5285
STEM Equipment and Supplies	$21,592,822	225
STEM Professional Development for Teachers	$1,123,940	64
COVID-19 Response	$13,959,877	30
Other Grants	$12,354,434	91
Total	$850,736,709	6301