Governor Deval Patrick has had a few solid wins of late. At the risk of sounding partisan, the Governor’s varying initiatives to create new jobs is good news for all Massachusetts residents. Whether he’s rallying the clean/green sector through the Green Communities Act, encouraging the growth of the Bay State robotics industry or pushing big data as the next Massachusetts IT sector, his various initiatives to help the local economy recover are encouraging.
Last week the Governor attended the grand opening of a new Thermo Fisher Scientific Center for Excellence in Tewksbury. The facility promises to add another 100 jobs in research, development and manufacturing over the next five years. The Tewksbury ribbon-cutting ceremony marks another event in a series of announcements preceding this week’s BIO International Convention at the Boston Convention & Exhibition Center.
Back in 2008, the Governor inked a 10-year, $1 billion investment package designed to spur research, investment, innovation and commercialization in the Bay State’s life sciences industry. Apparently it’s working: The Massachusetts Biotechnology Council reports that R&D jobs in Massachusetts increased from 46,380 in 2008 to 48,647 in 2010. The biopharma sector has seen more than 52 percent job growth since 2001, and statewide more than 80,000 employees currently work in life sciences or related industries.
Many experts believe that number will increase as more companies—especially European-based biotechnology and life science players--set up local operations in Massachusetts. In fact, “at least 15 companies from Europe have set up shop or expanded operations in the Bay State over the past four years,” according to a recent article in the Boston Globe.
No matter how you cut it, this is great news for Bay State businesses, consumers and job seekers. Keep up the great work, Governor.
Barbara Call is director of content at Greenough.