WORCESTER — The nonprofit economic development group Massachusetts Biomedical Initiatives is developing a new business incubator downtown and has signed up four life sciences companies to move into the space.
The Massachusetts Development Finance Agency said today it has loaned $680,000 to MBI, some of which will go to refurbish laboratory space and buy equipment for the incubator at 55-57 Union St., near Maxwell Silverman's Toolhouse restaurant. The incubator space, vacant now for four years, previously was occupied by Charles River Laboratories Inc.
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