Massachusetts Life Sciences Employment: 2010-2012 Dukakis Center for Urban & Regional Policy Northeastern University School of Public Policy & Urban Affairs.

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Massachusetts Life Sciences Employment: Dukakis Center for Urban & Regional Policy Northeastern University School of Public Policy & Urban Affairs A “Think and Do” Tank Barry Bluestone Alan Clayton-Matthews June 18, 2014

Dukakis Center for Urban & Regional Policy  Massachusetts Life Sciences Employment By Sector: Total Massachusetts Life Sciences Employment: 113,678

Dukakis Center for Urban & Regional Policy  Total Life Sciences Employment by State Despite its relatively small population compared to other states, Massachusetts ranks 6 th in the nation in terms of total life sciences employment…

Dukakis Center for Urban & Regional Policy  Total Life Sciences Employment, per One Million Population by State But controlling for population size, Massachusetts now ranks #1 in the U.S. in total life sciences employment. On a per capita basis, life sciences employment in Massachusetts is: 17,363 Massachusetts 9,477 Pennsylvania 1.8X higher than in Pennsylvania 9,524 California 1.8X higher than in California 5,744 Florida 3.0X higher than in Florida 13,592 New Jersey 1.3X higher than in New Jersey 7,392 New York 2.3X higher than in New York

Dukakis Center for Urban & Regional Policy  * Excluding Life Sciences Source: CES-790 Employment Series Counting all the jobs in Life Sciences employment, Massachusetts’ Life Sciences Industry is now nearly as large as the state’s entire construction industry Employment by Major Employment Sector (in 000's) Massachusetts

Life Sciences Contribution to the Massachusetts Economy

Dukakis Center for Urban & Regional Policy  Total Life Sciences Employment Including Supplier Industry Employment: ,678:Total jobs directly attributable to Bioscience R&D (excluding Universities & Hospitals) Pharmaceuticals Medical Device Manufacturing Testing Laboratories University/Hospital based Life Sciences Life Sciences Wholesale Trade 66,116:Jobs generated in Massachusetts industries supplying Massachusetts Life Sciences Industry 179,794:Total Jobs Generated in Massachusetts by Massachusetts Life Sciences Sectors including jobs in Massachusetts supplier industries

Core Mass Life Sciences Center Contribution to Massachusetts Employment Growth

Dukakis Center for Urban & Regional Policy  Massachusetts Life Sciences R&D, Pharma, Medical Equipment Employment Growth: 2006:64, :76,322 Growth:11,377 % Growth: 17.5% Indirect Jobs Growth:6,617 Induced Jobs Growth: 12,457 Total Jobs Growth: 30,451 Massachusetts Total Employment Growth: 2006: 3,197, :3,243,632 Growth: 46,307 % Growth:1.4% Employment Growth in MLSC Targeted Sectors:

Dukakis Center for Urban & Regional Policy  Employment Growth in MLSC Targeted Sectors:

Summary The Massachusetts Life Sciences Sectors have become over the past decade a major industrial force in the Commonwealth … and we clearly lead the nation in this respect. Life Sciences Sector growth was particularly important to the economy during the Great Recession when little employment was being generated elsewhere in the Massachusetts economy. Beyond the promise the Life Sciences is bringing us in terms of healthier, longer lives, it has proven to be a major economic engine for the Commonwealth both in terms of its direct job creation and the indirect and induced jobs it has fostered. Focusing the Commonwealth’s attention on this vital sector has already paid large dividends … and is poised to continue to do so for years to come.