The Massachusetts Life Sciences Center, the agency charged with charged with implementing the Commonwealth’s 10-year, $1-billion investment initiative in the local life sciences industry, said Wednesday that its board has awarded $25 million in tax incentives to 33 life sciences companies.
Those companies have committed to creating more than 1,200 new jobs in the state during 2014, the center said in a press release.
Among companies that will receive tax incentives is Biogen Idec of Cambridge. In return for a $6.25 million tax incentive, the company is promising to create 325 local jobs.
Another Cambridge recipient is Quest Diagnostics, which is in line to receive about $1.84 million in tax incentives. The company looks to create 90 new jobs.
Nova Biomedical Corp. of Waltham, meanwhile, looks to create 75 jobs with the help of $1.53 million in tax incentives.
“Our Life Sciences Initiative has positioned Massachusetts as the global leader in life sciences innovation and job growth,” Governor Deval Patrick said in a statement. “We are building on that progress and maintaining our edge at the forefront of the innovation economy and medical discovery.”