Axios Boston: Massachusetts’ biotech job boom

Sep 06, 2023

By Steph Solis, Axios Boston

The following is an excerpt from an Axios Boston article posted on September 6, 2023.

Despite layoffs and economic concerns, the life sciences sector’s workforce in Massachusetts saw more growth than nearly all other states last year, according to an industry report released Wednesday.

Why it matters: MassBio’s industry snapshot shows that Massachusetts remains competitive in the life sciences sector despite concerns about losing skilled workers to lower-cost states.

Driving the news: Massachusetts outpaced nearly all of its competitors when it came to jobs in research and development and biomanufacturing, according to the report.

  • Only North Carolina surpassed Massachusetts’ R&D employment growth, and North Carolina has a far smaller R&D workforce.

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