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Chamber President Tim Murray on Challenge of Retaining Business in Worcester
Worcester Regional Chamber of Commerce President and CEO Tim Murray discusses the challenges facing life sciences startups in Worcester, noting that only 8% of Massachusetts Biomedical Initiatives (MBI) companies remain in the city due largely to a lack of available lab space and high property tax rates. While MBI, UMass Science Park, and the biotech park are at capacity, the Chamber continues working to attract developers to build speculative life sciences facilities, emphasizing Worcester's strengths including UMass Chan Medical School, MBI, and major employers like AbbVie.
Murray also…
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