By utilizing its vast intellectual capital and the state’s support and commitment to innovation, Massachusetts has become an international leader in the emerging clean energy industry. This fast-growing and fast-evolving business sector includes companies that develop new renewable energy technologies and companies that design, engineer, finance, and/or construct renewable energy systems. The technologies are diverse, including photovoltaic (PV), wind, solar, biomass, and geothermal.
Massachusetts is home to one of the most diverse and innovative Creative Economy clusters in the nation. Massachusetts’ revolutionary spirit has created a number of innovative programs and collaborations to support the over 100,000 people employed in this important industry. Statewide initiatives, such as the founding of the Design Industry Group of Massachusetts in 2007, demonstrate Massachusetts’ promotion of the creative cluster as an integral part of the economy.
As government opportunities continue to grow in this sector, the state has built on its strong contracting history, R&D capabilities, and technology expertise to foster growth in the defense technology industry. Defense Technology & Homeland Security Massachusetts has a long history as a world center for defense technology innovation. The State’s $10B defense industry cluster is home to a wide diversity of companies with strengths ranging from systems integration to research and development, command, control, communications, and intelligence, robotics, underwater autonomous vehicles, and advanced imaging.
Massachusetts is a hub of financial services companies serving local, regional, national, and international clients. Sites are not only available for companies in this industry to headquarter their businesses here, but also to house back office support staff and operations.
Comprised of more than 3000 companies supporting more than 170,000 jobs in 2008, the Information Technology cluster is one of Massachusetts’ leading industries in its ‘Innovation Economy.’ Massachusetts world-leading research universities drive a thriving, highly networked, supportive and open innovation ecosystem which includes robotics, RFID/CSID, videogaming, photonics, nanotechnology, telecommunications, mobile technologies, Software as a Service, cloud computing, and Web 2.0 Companies.
Massachusetts’ world-class universities, teaching hospitals and research institutions, biotechnology, medical devices and pharmaceutical companies, make it an unmatched power-house in this industry. From pharmaceuticals and medical devices to diagnostics and biotechnology, Massachusetts is a global leader in the life sciences. Massachusetts set out to build on these strengths through the signing of the Massachusetts Life Sciences Initiative, a ten year, $1 billion package of investment resources designed to foster continued growth in the Massachusetts Life Sciences Supercluster.
It is no surprise that with its history, market ready- sites generous tax credits, and one of the most productive workforces in the nation, Massachusetts is home to a large number of very successful and forward thinking manufacturing companies.
With 192 Miles of coastline, the marine science industry is booming in Massachusetts and consists of a wide range of businesses, highly respected research facilities, and higher education institutions.