Instrumentation Laboratory awarded Mass. life sciences tax incentive
Instrumentation Laboratory said Wednesday that that it has been awarded a $980,000 tax incentive by the Massachusetts Life Sciences Center under a program designed to foster job growth in life sciences within the Commonwealth.
Instrumentation Laboratory, or IL, specializes in diagnostic products and services. Every day, miore than one million samples of blood are tested on IL systems around the world. At its headquarters and technology center in Bedford, the company employs more than 200 scientists and engineers.
IL said it will use its tax incentive to expand its employee base.
In a statement, IL chief executive Ramon Benet said, “We are committed to enriching our highly
skilled employee base as we continuously improve our current product line and commercialize our rich diagnostic pipeline in the upcoming years.’’
IL is receiving its award under the Life Sciences Tax Incentive Program, which was established in 2008 as part of Massachusetts’ 10-year, $1 billion Life Sciences Act.