Northeastern University report suggests need for future life science investment
Boston Business Journal - 06/23/2014
State officials are hoping a new report that shows the prevalence and importance of the state’s life science jobs will encourage future administrations to spend equally in the sector.
In a report conducted by Northeastern University, released last week, analysts said the state’s investment in life sciences had pushed Massachusetts to the top of the list when measuring population-controlled life science employment, with 113,678 people involved in the industry throughout the state in 2012.
That employment practically equals the state’s construction industry, and grew 17.5 percent since 2006 despite a difficult economy.
“This is a sector that has been growing more than the overall economy,” said Alan Clayton-Matthews, director of quantitative methods in the School of Public Policy and Urban Affairs at Northeastern, and one of the study’s authors. “It appears to have an excellent future.”