Massachusetts is making a billion-dollar bet on climate tech. Here’s how. (ft. Form Energy)

Everyone knows Massachusetts is a global leader in life sciences, a title earned with help from hundreds of millions in state subsidies over the past decade and a half.

Economic development secretary Yvonne Hao wants to win the same prize for the state’s climate-tech sector, a catch-all phrase that covers everything from wind-powered turbines to electric-car batteries to low-carbon cement. And the Legislature just approved a similar set of incentives to pull it off.

Hao and her boss, Governor Maura Healey, will likely highlight the parallels between the state’s life sciences initiative and their new clean-tech push at an event on Tuesday celebrating the signing of a new $4 billion economic development bill, dubbed the Mass Leads Act. (Healey actually signed the bill a week before Thanksgiving.)

This economic development bill, as with previous ones, includes money for a number of existing programs: the MassWorks infrastructure funds for cities and towns, brownfields cleanup money, an extension of that much-ballyhooed life sciences subsidy program. There will be new incentives for various lucky industries, from A.I. to data centers to theatrical productions. (Yes, the next “Hamilton” might just start here … with a little nudging from favorable tax policy.)