Governor McKee Hosts Biotech Panel to Highlight Life Sciences Investments in #RIReady Budget

Statement

On Monday morning, Governor Dan McKee, House Speaker Joe Shekarchi, and Commerce Secretary Liz Tanner heard from a panel of local biotechnology leaders who highlighted the impact of the proposed investments in life sciences in the Governor's #RIReady FY24 budget.

Brian Britson of Amgen, Carol Malysz of RI BIO, and Justin Fallon of Bolden Therapeutics participated in a panel discussion moderated by Neil Steinberg, CEO of the Rhode Island Foundation.

Governor McKee's budget proposal includes investing $45 million into the life sciences sector for the development of much-needed wet lab incubator spaces. Funds would also be used to support grants, loans, business development and incubation services to grow this sector.

"In my State of the State address, I said that Rhode Island was ready -- and we are ready to become a leader in the life sciences industry," said Governor Dan McKee. "This investment will draw in biotechnology companies from around the world. That means good-paying jobs, innovative technologies, and steady economic development. Our #RIReady budget proposal will make Rhode Island an even more attractive place to live and do business."

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