Study: Mass. leads nation in per capita life sciences jobs
Northeastern University’s Dukakis Center for Urban & Regional Policy released new data Wednesday showing that the Bay State leads the nation in life sciences on a population basis.
The data presented at an event at UMass Boston’s Venture Development Center showed that Massachusetts now has nearly 180,000 jobs in the life sciences sectors and supplying industries, including 113,000 direct jobs in the life sciences sectors and an additional 66,000 jobs in industries that supply the life sciences sectors.
When taking population into account, this puts the Massachusetts at the head of the list, with the commonwealth employing 1.8 times more people per capita than California and 2.3 times the number in New York.
The industry sectors targeted for investment by the Massachusetts Life Sciences Center (MLSC), the agency charged with implementing Massachusetts’ ten-year, $1 billion initiative have been growing rapidly, enjoying 17.5 percent growth since 2006. That’s compared with 1.4 percent job growth over that time in the overall state economy, the researchers said.
“As of 2014, all ten of the top 10 major drug companies in the world have set up shop in Massachusetts,” said Barry Bluestone, Dukakis Center Directorin a statement. “Why? Because they wanted a front row seat to acquire small life science firms and their discoveries. And what helped make this possible? Small life sciences firms received support from the MLSC in the form of accelerator loans, research and development funds, and interns that help them translate their ideas into commercially viable products.”
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