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Tufts Science Park Gets Boost

Tufts Science Park Gets BoostBay State gives nearly $1 million to Grafton to "pave way" for biotech expansion in Central Massachusetts.

No. Grafton, Mass. [03.19.01] On Friday, Massachusetts Governor Paul Cellucci presented an economic development grant of nearly $1 million to Grafton officials, marking an important step forward in the development of a multimillion-dollar science park at Tufts' Veterinary School. State and local officials -- who have worked on the grant proposal for over two years -- said the money will lay the foundation for enormous growth at Tufts and in the Commonwealth.

"This grant is a crucial first step in what will inevitably prove to be a firm foothold for the biotech industry in the Northeast," State Rep. George N. Peterson Jr. said in a Worcester Telegram and Gazette article.

The funds will pay for the development of important infrastructure for the park, explained Tufts' Joe McManus, an associate dean of administration and finance.

According to McManus, the infrastructure is the first stage in the science park's development. When completed, a 106-acre plot on Tufts' Grafton campus will house biotech, pharmaceutical and other science companies.

"Tufts is the magnet here," McManus told the Worcester newspaper. "These companies like to cluster around a university, and around each other, to share ideas, research and employees."

The park is expected to expand the University's economic impact in Grafton and the rest of the state.

"There is a potential to create over 1,600 jobs there," State Highway Commissioner Matthew J. Amorello said in the Telegram and Gazette's article.

Already, Tufts' Veterinary School is responsible for 1,300 jobs and $121 million in state revenues. The school also conducts $2.5 million in biotech research collaborations with local companies.

When completed, Tufts' science park is also expected to provide tax relief to many Grafton residents.

"This is good news for Grafton," Selectman Christopher LeMay said in the Telegram and Gazette article. "This is a good clean industry, and it's good for the tax base. Projects like this will help reduce the burden on taxpayers."

He added, "Tufts is world-renowned, and hopefully it will attract some big players to the park."


Impact of Tufts' Veterinary School in Massachusetts:

Tufts' Veterinary School is responsible for 1,300 jobs in the Commonwealth

Tufts Veterinary School is projected to generate a total of $170 million in federal, state and local tax revenues over the next ten years.

Several biotechnology company senior executives cited Tufts Veterinary School as a major factor in their decision to relocate, stay or expand in Massachusetts.

Tufts Veterinary School attracts and conducts $2.5 million of biotechnology research collaborations annually with local biotechnology companies.

 

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