Southeast Region
Economic Development in Southeast Massachusetts
Southeast Massachusetts offers economic development diversity in an expansive area that covers from Braintree to New Bedford and beyond. From the expansive dunes of outer Cape Cod to the crossroads of Interstates 95 and 495, Southeast Massachusetts boasts many welcoming communities that families can call home at a lower cost of living than Greater Boston. This bustling region offers substantial land sites with robust infrastructure, deep water portage, and strong industries. In Southeast Massachusetts, companies in electronics, life sciences, and the blue economy have all grown flourishing businesses. Industries like advanced manufacturing, logistics and distribution, and transportation and warehousing have also found success in Southeast Massachusetts. High-profile businesses like Moderna and ThermoFisher have recently made this region their home, proving that Southeast Massachusetts is a great place to grow a business.
(Massachusetts v. US)
https://www.bls.gov/lpc/state-productivity.htm#Q03
AdvisorSmith COL Index 2020
AdvisorSmith COL Index 2020
Colliers and CBRE
CoStar
Honoring Companies Choosing to Locate and Expand in Southeast Massachusetts
Leading Industries by Location Quotient
with at least 1,000+ employees
(Site selectors and corporate real estate experts are familiar with location quotients and often use them to determine the viability of a region for a prospect employer. Location quotients provided here measure the concentration of employees in an industry in this region versus the United States as a whole. A location quotient of 2.0, for example, means that the industry has twice the employment than the national average, suggesting competitive advantage for the region in that industry.)
| NAICS 1141 Fishing | 169 | 137.43 |
| NAICS 3117 Seafood product preparation and packaging | 20 | 39.04 |
| NAICS 3312 Steel product mfg. from purchased steel | 10 | 9.26 |
| NAICS 3152 Cut and sew apparel manufacturing | 22 | 8.34 |
| NAICS 3399 Other miscellaneous manufacturing | 47 | 6.88 |
| NAICS 3328 Coating, engraving, and heat treating metals | 11 | 4.29 |
| NAICS 3391 Medical equipment and supplies manufacturing | 27 | 4.03 |
| NAICS 3353 Electrical equipment manufacturing | 28 | 3.77 |
| NAICS 5417 Scientific research and development services | 25 | 2.75 |
| NAICS 3344 Semiconductor and electronic component mfg. | 24 | 2.07 |
Leaders in Southeast Massachusetts
Export Industry Employees
within 45 mile radius of region's center point. Source: GIS Planner, 2021
Leading Export Employers by Job Listings
Last 6 months (Apr. 1, 2021 - Sep. 30, 2021). Source: Labar Insight, Burning Class Technologies, 2021
Southeast Massachusetts Economic Development Projects
intlx Solutions, a fast-growing technology and IT consulting company, has relocated its headquarters to 10K SF at 30 Pond Park Road in Hingham, MA's South Shore Park.
Vaccine manufacturer Moderna announced an expansion of its U.S. manufacturing footprint, investing more than $140 million in Moderna Technology Center in Norwood.
Multinational pharmaceutical manufacturing company, Cipla, headquartered in India, plans to expand by 83K SF to its existing facility in Fall River and hire more employees. The expansion is supported by the Massachusetts Life Sciences Center Tax Incentive Program.
Designed to meet institutional-quality standards, 586 Manley Street offers an array of features that make it an ideal location for logistics and distribution operations.
Greensea IQ celebrated the 25K SF expansion of its production facility with a manufacturing center for the production of several navigation and robotics systems.
Past MassEcon Economic Impact Awards winner, Waters Corporation, a global leader in analytical instruments and software, opened a new manufacturing plant in Taunton where it uses technology that will make it significantly more energy-efficient than the existing plant at the site. Waters’ Taunton site is the first and only LEED-certified chemical manufacturing facility in Massachusetts and among a small number of LEED-certified industrial manufacturing projects in the U.S. The site nearly triples Waters’ manufacturing footprint, has already created 25 new jobs and provides growth capacity.
Pharmaceutical company Thermo Fisher Scientific celebrated the official opening of its 289,416 SF building in Plainville. The state-of-the-art facility will add approximately 300 jobs to support the development, testing, and manufacturing of viral vectors.
COVID-19 vaccine creator, Moderna, Inc., received a $2.325 million LSI incentive and TIF agreement valued at $9.1 million. The Norwood company committed to hiring at least 155 new Massachusetts-based employees for high-tech manufacturing positions in 2021 and retaining through 2025.
In Plainville, Mass., Thermo Fisher Scientific is building a 290,000-square-foot manufacturing facility, which will be the largest viral vector manufacturing facility in North America. The $190 million facility will be completed in 2222 and create more than 200 jobs.
Waters Corporation will expand their current silica manufacturing facility in Taunton with a 135,000 square-foot addition. The company plans to hire 15 new employees, retain 94 employees, and make a private investment of $200 million. The City of Taunton has approved a 20-year Tax Financing Agreement with a value of approximately $3.7 million.
Explore Massachusetts' Other Regions
At MassEcon, Location is Everything!
To start your customized site search in Southeast Massachusetts or any of our regions, start here and contact Doug Kehlhem, Senior Director, MassEcon, Dkehlhem@massecon.com, 617-9244-600, x112. Or, submit an on-line search request here
