Manufacturing Biotechnology in Massachusetts
MassBenchmarks, Vol. 8, No. 1, 2006
Posted: 23 May 2008
This third in a series of articles about manufacturing clusters in Massachusetts focuses on biotechnology, which has emerged as one of the state's leading industries. This article explores the status of the industry, with specific attention to its current phase in the value chain, its relationship with the state and its rank among other US biotechnology clusters. As noted in previous articles in MassBenchmarks on the metalworking and plastics industries, Massachusetts has lost a significant number of well paying manufacturing jobs (Forrant, 2003). While some might be surprised to hear the word biotechnology in conjunction with manufacturing this sector in fact provides new opportunity for the regeneration of manufacturing in Massachusetts. Today's biotechnology is maturing, with many companies moving further along the value chain; companies no longer focus only on research, having progressed to the stage towards development and manufacturing (MBC and BCG, 2002). This change presents a new set of industry needs and requirements for the Commonwealth.
Keywords: Manufacturing, Clusters, Biotechnology, Economic Development
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