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31 Jan 2011

Genzyme Gives Back $6M Jobs Incentive

Genzyme repaid $6 million in tax incentives to Massachusetts because it failed to create the number of jobs in exchange for the state aid.

Genzyme, after failing to meet the terms of the incentive requiring job-creation goals set by Massachusetts, has returned the state $6 million.


Spokesperson Erin Emlock says in an email the company created about 300 jobs last year. But when it sold its genetic testing business in September, the count fell below the requisite 200 positions.


Mass High Tech reports that the prom

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