Award is a reflection on ProTom’s growth and commitment to job creation and economic growth in Massachusetts
For the second year in a row, ProTom International has been selected to receive a $150,000 tax incentive award from the Massachusetts Life Sciences Center. The highly competitive award recognizes ProTom’s commitment to new, long-term job creation in life sciences technology.
The Life Sciences Tax Incentive Program was established as part of Massachusetts’ $1 billion Life Sciences Initiative. Jointly administered by the Massachusetts Life Sciences Center and the Massachusetts Department of Revenue, the Tax Incentive Program authorizes tax incentives for growing companies engaged in life sciences research and development, commercialization and manufacturing.
Over the past two years, ProTom has hired 54 full-time employees and signed long-term contracts with 20 consultants.
“The tax incentive award from the Massachusetts Life Sciences Center is a highly competitive award. To be awarded it for two years running is a reflection on our growth and ProTom’s commitment to job creation and economic growth in Massachusetts. ProTom has forged strong ties with the Commonwealth including ongoing collaborations with the Massachusetts Institution of Technology and Bates Research and Engineering Center and an engagement with the proton therapy center at Massachusetts General Hospital,” said Stephen Spotts, CEO of ProTom. “I am honored that ProTom has been recognized by the Massachusetts Life Sciences Center.”
About ProTom International
ProTom International is a leading device manufacturer of proton therapy technology.
We are steadfast in our mission to transform cancer treatment by expanding the accessibility of proton therapy and by developing proton tomography technology.
More information about the Massachusetts Life Sciences Center can be found here.