Innovation Economy Save at Bay

Innovation Economy Save at Bay

Massachusetts faced a crisis threatening the change machine running our economy in the 21st century. The state has a part of a thousand national health institutions (NIK) and Novecong Scicice Foundation in the test $ 2.6 billion canceled by the Trump administration. State leaders of all sectors should face the bad fact that federal funding for scientific research, biomedical, and engineering research is likely to be cut.

These cutbacks come in a difficult time for Massachusetts. While it still has a second perdita product of the country’s state, the research of The National Average is known at the time of this time for work in the job in the sector.

Massachusetts cannot afford a serious decline in research industry research. Together, educational services and health uses a million people in Commonwealth. The largest owners of state employees are healthemic medical centers’ health systems: Mass General Brigham and Beth Israel Lahey Health. The University of Massachusetts is the number of three, followed by Harvard’s figure five and in the number nine by MIT. Because of our concentration of excellent research universities and academic medical centers, Massachusetts received the highest perpita NIH and NSF funds in the country of fiscal year 2024.

Commonwealth citizens saw the critical effect of this fund. Many research institutions attract the best and more young researchers from around the world. Labs are located, technologies have been invented, learned therapeutics that can save life, the starts are launched, and a whole ecosystem of jobs has been done. Massachusets’ sector only supports 143,000 jobs.

But all this is at risk of the Federal Cutbacks of NIH and NSF funds. It is important that we work today to preserve research infrastructure built in Massachusetts in the last decades. It is time for government’s leadership leadership, academy, business, and philanthropy to participate in forces and bold action. We’re all.

This is what we need to do:

First, it is important that governor and legislature have sent a message to universities and academic medical centers that a plan for short bridge funds is in the process. Such funding is the only way to prevent closing labs, clinical trials from closure, and city and medical talent from state leave. If the research laboratories are closed, they are difficult to change.

Second, the state must approve a plan in this legislature session to provide a year of funds equal to half of the Federal Funds Cutbacks.

Universities and medical centers should be required to match state support. These academic institutions should use the endowment money or raise research funds from their individuals and foundations donating.

Third, the plan should be simple. Review panels are not required. Research has been funded fully restored by science experts before receiving federal grants. State funding is only available for research projects approved grants pulled by Trump administration.

Fourth, Massachusetts should also plan for new reality in a sharp decrease in paper for the federal government of research funds. The governor must gather a panel that includes government, academic, foundations, foundations, and business leaders in designing a road for the future.

The time to move today. The decisive action helps us to preserve our main research infrastructure in the world and protect our Commonwealth’s economic health for good of all our citizens.

Alan M. Leventhal the founder of the Beacon Capital partners and served as an ambassador to the United States of the Kingdom of Denmark from 2022-2025. L. Rafael ref serves as president of Massachusetts Institute of Technology from 2012-2022.

The US National Institutes of Health Director Jayanta (Jay) Bathtacharya confirms a trial of the Senate Committee in Washington, DC, early this month. Hundreds of nuh’s workers sign a letter to the Director Bathtacharya openly protested the Trump administration cuts “Destroy the American health and people around the world.” (Ting Shen / AFP photo by Getty Images)

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