Seven Watertown Companies Receive Tax Incentives from State to Create Jobs

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Seven companies from Watertown received part of the $24.4 million being awarded by the state to create new jobs in the life sciences industry.

The Healey-Driscoll Administration and Massachusetts Life Sciences Center (MLSC) announced the MLSC Tax Incentive Program program last week. It will provide incentives for 43 life sciences companies, which are expected to create 1,584 jobs, according to the program’s announcement.

The Watertown companies will received between $150,000 and $750,000 in tax incentives and will create a combined 140 jobs.

The Watertown companies receiving the incentives are:

AffiniT Thereapeutics, $375,000, 25 jobs

Corner Therapeutics Inc., $150,000, 10 jobs

Disc Medicine Inc., $150,000, 10 jobs

Enanta Pharmaceuticals Inc., $150,000, 10 jobs

Lyra Therapeutics Inc. $300,000, 20 jobs

Tome Biosciences Inc., $750,000, 50 jobs

Treeline Biosciences Inc., $225,000, 15 jobs.

According to the announcement, 26 of the companies receiving the incentives — which account for 69 percent of the new jobs — are expanding outside of Boston and Cambridge

See the complete list of companies by clicking here.

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