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.
- Konarka Technologies Inc.
- Evergreen Solar
- Brookfield Renewable Power
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.
- Hanover Theatre for the Performing Arts
- Massachusetts Museum of Fine Arts
- Massachusetts Museum of Contemporary Art
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.
- General Dynamics Information Technology
- FLIR Systems
Digital Health (eHealth)
Digital Health is one of the fastest growing industry sectors in the country, encompassing products and services that use information technology to improve healthcare delivery, efficiency and quality. Massachusetts hosts a dynamic digital health cluster, comprised of more than 250 health technology companies and startups, academic and research institutions, venture capital firms, investors, startup accelerators, healthcare providers, associations, and policymakers. The vibrant technology startup ecosystem; access to capital, mentors and professional networks; top-tier healthcare industry; and world class university system ensures Massachusetts is positioned as a global leader in digital health innovation. Digital health is a key component of the Commonwealth’s economic development plan, and cluster development activities are being furthered by the Massachusetts Digital Health Initiative, a public-private partnership focused on fostering a vibrant digital health ecosystem statewide, by convening the ecosystem, connecting startups with healthcare organizations and improving access to healthcare data.
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.
- Fidelity Investments
- State Street
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.
- Boston Scientific
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.
- Bristol-Myers Squibb
- Elite Envelope
- Saint-Gobain Abrasives
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.
- Woods Hole Oceanographic Institution
- Clean Harbors