Originally published by the Boston Globe on January 30, 2022
It’s almost like Massachusetts has too many biotechs.
The industry is hotter than ever, with companies routinely raising millions of dollars in venture capital, startups blooming on a weekly basis, and developers planning more lab space seemingly by the day. But the pipeline of qualified workers to fill all of the added jobs can’t keep up with the burgeoning demand.
The market for biotech talent in Massachusetts has long been robust, but lately the crunch has turned critical. That’s causing some in the industry to worry that it will not only inhibit growth, but also affect the quality of work as key positions become harder to fill and lower-level workers jump from company to company in search of a better compensation package.