State Board OKs $20M in Life Science Grants

By Catherine WilliamsPrint Story | Email Story
State House News Service BOSTON - One of the state's most promising industries got a boost Thursday as officials approved $20.2 million in funds for life sciences initiatives and announced plans to hire a health care industry policy veteran. Movement on the state's fledgling life sciences initiative signals a kick-start for Gov. Deval Patrick's 5-month-old proposal to pump $1 billion of state funds into the Bay State's life sciences industry over the next 10 years. Massachusetts is in a race with other states - including Connecticut and California - that have already doled out state funds to life sciences initiatives and that threaten to pull Bay State talent away. "I am very cognizant of that threat," said Daniel O'Connell, secretary of the Executive Office of Housing and Economic Development, during a meeting of the state's five-member Massachusetts Life Sciences Center board. "We don't have to match [California] dollar for dollar but we have to show we are committed." The board of the state's emerging quasi-public life sciences agency approved $12 million in research grants and $8.2 million to further two University of Massachusetts stem-cell initiatives. The Life Sciences Center plans to launch three, three-year grant programs by Dec. 2, said Patrick Larkin, deputy director at the Massachusetts Technology Collaborative. The grants, worth up to $250,000 annually, are available to individual researchers, universities and industry, he said. "The objective of these programs is to receive as many competitive applications as we can," said Larkin. In addition, the board voted to approve $7.7 million for one year toward the establishment of a stem-cell bank at the University of Massachusetts Medical School in Worcester. University officials hope that researchers from across the globe will agree to store stem-cell lines at the planned UMass central repository. Harvard University and Children's Hospital of Boston have already pledged to store stem-cell lines at the bank, according to state officials. UMass will also receive $570,000 to establish a stem-cell registry designed to establish a Web-based, searchable library listing of available stem cell lines for researchers. The board also approved plans to staff up the center while it conducts a national search for a new executive director. Board members voted to authorize O'Connell, who is also the chairman of the Life Sciences Center board, to hire Melissa Walsh, an associate at Partners HealthCare, as the center's new chief of staff. O'Connell is in the midst of negotiations on Walsh's salary and start date, said Kofi Jones, spokesman for the Executive Office of Housing and Economic Development. The executive director's post remains open since Aaron D'Elia, a Mitt Romney appointee, resigned earlier this year. Representatives from recruiting consultants Russell Reynolds Associates, which was hired by the board earlier this year, said they plan to meet with potential executive director candidates next month. O'Connell said it will be "several months" before an executive director is hired. Life-sciences industry supporters, including members of the Massachusetts Biotechnology Council who attended today's meeting, hope the state funding will attract federal research funding while sprouting biotechnology companies and creating jobs. Kevin Casey, senior director of federal and state relations at Harvard University, said the combination of the grants, the stem-cell bank and the stem-cell registry will make Massachusetts a "scientific tourist spot." But there are a few roadblocks. Lawmakers in Connecticut and California have the same idea and began handing out state-sponsored life sciences grants earlier this year. "This is [Massachusetts'] the life-science moment. The amount of money being distributed by other states is extensive," said Michael Collins, chancellor of UMass Medical School. Hearing Set Bay State lawmakers have yet to move on a $1 billion life sciences bill introduced by the governor in July. The bill is sitting in the Committee on Economic Development and Emerging Technologies, which is co-chaired by Rep. Daniel Bosley, D-North Adams, and Sen. Jack Hart, D-Boston. A public hearing on the bill is planned next week. House lawmakers are looking to move on the bill "as quickly as possible," said David Guarino, spokesman for House Speaker Salvatore DiMasi, D-Boston. "We're looking at making a significant investment in the life sciences industry but we're also looking beyond that," he told the News Service. The center was established as part of a 2006 economic stimulus law. The center is overseen by a board of directors that includes UMass President Jack Wilson and Jay Gonzales, undersecretary for administration and finance.
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Greylock Federal Awards Student Scholarships

PITTSFIELD, Mass. — Greylock Federal Credit Union awarded 34 scholarships to high school seniors from every public high school in Berkshire County and Columbia County, N.Y.
 
Greylock awarded 25 $500 Greylock Community Enrichment Scholarships to students who exemplify positive community spirit and demonstrate respect and concern for their peers in everything they do, stated a press release. 
 
Applicants were required to write an essay, which demonstrated their positive involvement in the community.
 
"Our scholarship selection committee reviewed every application and essay," said Jennifer Connor-Shumsky, Greylock's Assistant Vice President, Community Support and Events, of the process which received more than 80 applications. "It was really tough to narrow it down, because there were so many incredible students doing some amazing work in the community."
 
The funds will be applied toward state-accredited or nationally accredited two or four-year colleges or universities, or a full-time technical school program.
 
"For the first time ever, we were thrilled that two of the scholarships went to students entering a technical/vocational school," said Connor-Shumsky.
 
In addition to these scholarships, Greylock offers Scholastic Achievement Awards, which are designated for children of Greylock employees who are also high school graduates. This year, Greylock awarded nine $1,000 Scholastic Achievement Awards. These awards are available to all employees.
 
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