COMMONWEALTH OF MASSACHUSETTS Profffile -...

COMMONWEALTH OF MASSACHUSETTS

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massachusettsmassachusetts alliance for economic developmentalliance for economic development

MASSACHUSETTS

We’ve been at technology’s edge sinceWe’ve been at technology’s edge sinceWe ve been at technology s edge since We ve been at technology s edge since the Industrial Revolution . . . the Industrial Revolution . . .

MASSACHUSETTS

we have the resources to helpwe have the resources to help. . . we have the resources to help. . . we have the resources to helpkeep your company at the edge.keep your company at the edge.

1

Massachusetts as a Strategic Location

Located in the heartheart of New England and Montreal

Toronto

Boston

Cleveland New York

Philadelphia Pittsburgh

Cleveland

Washington, DC Baltimore

Richmond

accessible to major East Coast markets.

Massachusetts Overview

• Population: 6,449,755 (2007 est.)• Percent of Adult Population with a 4-Year College Degree or Above: 37%• Leader in Higher Education, Health Care and Emerging Technologies

BG

DB

FAC

D

E140 Miles

100 Miles

J

I

J

You can traverse the state very easily.

Population Concentration: Massachusetts and Adjacent States

ManchesterManchester

NHNHVTVT

MAMA LowellLowellAlbanyAlbany

93

95

91

PittsfieldPittsfield

BostonBostonCambridgeCambridge

WorcesterWorcester

NYNY495

90

SpringfieldSpringfield 90

ProvidenceProvidenceCTCT RIRI

84495

84

195HartfordHartfordProvidenceProvidence

New BedfordNew Bedford

C S

< 100 100-499 500-1,000 1,000-2,500 >2,500

Population Concentration Per Square Mile

Massachusetts EconomyyDiverse Economy w/ Strengths in Technology & Life Science

Massachusetts Economy: Key Industry Segment Employment (000)

H lth C d S i l A i t

Manufacturing

Educational Services

Retail Trade

Health Care and Social Assistance

Administrative and Waste Services

Finance and Insurance

Professional and Technical Services

Accommodation and Food Services

O S

Public Administration

Wholesale Trade

Construction

Administrative and Waste Services

Mgmt. of Companies and Enterprises

Information

Transportation and Warehousing

Other Services, Ex. Public Admin

Agriculture Forestry Fishing & Hunting

Utilities

Real Estate and Rental and Leasing

Arts, Entertainment, and Recreation

0 100,000 200,000 300,000 400,000 500,000

Mining

Agriculture, Forestry, Fishing & Hunting

0 100 200 300 400 500

Life Sciences

Massachusetts Economy: Key Industries and Employers

Life Sciences Biotechnology, Pharmaceuticals and Medical DevicesTotal Employment = 20,400

Abbott Bioresearch Center DePuy Spine NeurometrixAmerican Science & Eng’g Five Star Surgical Palomar MedicalArrhythmia Research Tech. Gentex Optical PsychemedicsAspect Medical Systems Genzyme Corporation Perkin ElmerAvant Immunotherapeutics Haemonetics PolyMedica CorporationBasilea Pharmaceutical Harvard Bioscience SepracorBiogen IDEC Hologic Teleflex MedicalBoston Scientific Corp. Inverness Medical Innov. Thermo Fisher ScientificBristol-Myers Squibb Lifeline System Waters CorporationBrukerBioScience Millennium Pharma. Wyeth PharmaceuticalsCandela Corporaton Millipore Corporation Zoll MedicalCharles River Labs Int’l Norvartis

Cytyc Corporation Neurometrix

Technology


Technology Aerospace, Defense and Computers/ElectronicsTotal Employment = 82,900

Analog Devices Lockheed Martin SippicanAvid Technology Lucent TechnologyBose Corporation M/A ComBTU International Metso Automation USACISCO Systems Mitre CorporationCMGI MKS InstrumentsDynamics Research Corporation MotorolaEMC Corporation Parametic Technology CorporationGeneral Dynamics Raytheon CompanyHittite Microwave Corporation TeradyneIron Mountain Varian Semiconductor Equip. Assoc.

Fabricated Products


Fabricated Products Plastics, Metals and Other MaterialsTotal Employment = 24,200

American Dryer Corporation Reed & BartonBerry Tubed Products Simons InternationalChase Corporation Smith & WessonGeorgia Pacific/Dixie Cutlery Stern-LeachInternational Rectifier Sterlite CorporationLenox American Saw TRW AutomotiveLS Starrett Company Wyman-Gordon CompanyNypro, Incorporatedyp , p

This industry group is comprised on many small fabrication shops located throughout the state.

Financial Services


Financial Services Banking, Investments and InsuranceTotal Employment = 181,500

Affiliated Managers Group Independent Bank CorpBen Franklin Bancorp Interactive Data GroupBerkshire Hills Bancorp Investors Financial Service Corp.Berkshire Life Insurance Liberty Mutual GroupBoston Private Financial Holdings Manulife/John HancockCommerce Group MassMutual Financial GroupEaton Vance Corp. MFS Investment ManagementEnterprise Bancorp Safety Insurance GroupFidelity Investments State Street CorporationFirst Marblehead Corp. Wainwright Bank & TrustHanover Insurance Group

Massachusetts has the R&D for both product and process development as well as contract

Integrating Research With Production: Medical Devices

manufacturing capabilities for component production.

Medical Device Assembly

Contract Manufacturing for Parts & Components

MoldMachining

Plastics Molding OperationsMetal Fabrication Operations

Prototyping, Testing and Other Technical Services

Initial R&D for Product DevelopmentInitial R&D for Product Development

University R&D yResearch Centers That Stimulate Economic Development

Major R&D Institutions Throughout the Region

VERMONTVERMONT NEW HAMPSHIRENEW HAMPSHIRE

AlbanyAlbany

Manchester Manchester Manchester

L llLowell

LawrenceLawrenceLawrenceLawrenceAlbanyAlbany

NEW YORKNEW YORK

MASSACHUSETTSMASSACHUSETTS

Worcester Worcester Worcester

Pittsfield Pittsfield Pittsfield Fitchburg/Leominster Fitchburg/Leominster Fitchburg/Leominster Fitchburg/Leominster

LowellLowell

Amherst Amherst Amherst Amherst BostonBoston

S i fi ld S i fi ld

BostonBoston

CONNECTICUTCONNECTICUT RHODERHODEISLANDISLAND

Springfield

Providence Providence Providence Hartford Hartford Hartford Hartford Hartford Hartford Hartford Hartford

Fall RiverFall RiverFall River

Springfield Springfield

Fall RiverFall RiverFall RiverNew BedfordNew BedfordNew BedfordNew Bedford

New York State• SUNY-Albany• RPIConnecticut

New Hampshire• University of New HampshireRhodes Island• University of Rhode Island

Massachusetts• UMass Amherst• WPI• UMass Worcester

• Boston University• Tufts University• Northeastern UniversityConnecticut

• UConn• Yale University

University of Rhode Island• Brown University• Clark University

• UMass Lowell• MIT• Harvard University

y• Brandeis University• UMass Boston• Umass Dartmouth• Woods Hole Ocean. Inst.

University R&D: National Total and Top Ten States ($000)

New York

California

United States Life sciences

Engineering

Math and computer sciences

Physical sciences

U.S. (Total) 47,760,400

California 6,493,390

New York 3,789,660

l i

Maryland

TexasEnvironmental sciences

Other

New York 3,789,660

Texas 3,270,730

Maryland 2,530,230

Illinois

Massachusetts

PennsylvaniaPennsylvania 2,428,350

Massachusetts 2,158,750

Illinois 1,823,790

Florida

Ohio

North CarolinaNorth Carolina 1,710,500

Ohio 1,636,500

Florida 1,527,700

0% 20% 40% 60% 80% 100%

Michigan

, ,

Michigan 1,472,730Source:NSF Data (2005)

A top research state with a diverse program.

MITMIT 600 48

Massachusetts University Research: ($000)

Boston U.

Harvard U.

MIT Life Sc.

Engineering

Math & Computer Sc

Physical Sc.

MIT 600,748

Harvard University 453,156

Boston University 255,615

Tufts U

U. MA Amherst

U. MA Worcester

y

Env. Sc.

Other

UMass Worcester 191,659

UMass Amherst 136,057

Tufts University 128 695

Northeastern U.

Woods Hole Ocean. Inst.

Tufts U.Tufts University 128,695

Woods Hole Ocean. Inst. 121,888

Northeastern University 66,495

U. MA Boston

U. MA Lowell

Brandeis U.Brandeis University 57,017

UMass Lowell 27,625

UMass Boston 21 056

WPI

U. MA Dartmouth

U. MA BostonUMass Boston 21,056

UMass Dartmouth 19,171

WPI 14,483

S

0% 20% 40% 60% 80% 100%

Clark U.Clark University 5,304Source:NSF Data for Fiscal Year 2005

UMass Total ~ $400 million

Massachusetts University Research by Program Area

R&D Program Area MIT HarvardBoston Univ.

UMass Worcester

UMass Amherst

Tufts Univ.

Northeastern Univ.

Life Sciences: Disease Dynamics

Life Sciences: Pharmaceuticals

Life Sciences: Medical Devices

Life Sciences: Tissue/Skin/Bone Syn.

Life Sciences: Bioinformatics

Marine SciencesMarine Sciences

Food and Nutrition

Computers/Electronics

Material Science: Polymers

Material Science: Metals

Material Science: Nanomaterials

Alternative Energy

Aerospace/Defense/SecurityAerospace/Defense/Security

Source: Websites for each institution

Massachusetts University Research by Program Area

R&D Program Area Brandeis Univ.

UMass Lowell

UMass Boston

UMass Dartmouth WPI

Woods Hole Ocean. Inst. Clark Univ.

Life Sciences: Disease Dynamics

Life Sciences: Pharmaceuticals

Life Sciences: Medical Devices

Life Sciences: Tissue/Skin/Bone Syn.

Life Sciences: Bioinformatics

Marine Sciences

Food and Nutrition

Computers/Electronics

M t i l S i P lMaterial Sciences: Polymers

Material Science: Metals

Material Science: Nanomaterials

Alternative Energy

Aerospace/Defense/Security

Source: Websites for each institution

Major Colleges and Universitiesj gEnrollment and Graduates by Selected Program

The top 20 Massachusetts’ colleges and universities represent nearly 250,000 enrolled students with :• Over 2,300 bio-related annual graduates• Over 10,000 business annual graduates• Over 3,200 engineering annual graduatesThey also represent some of the top

d i i tit ti i th U Sacademic institutions in the U.S.• Harvard University• Massachusetts Institute of Technology• Boston University• Boston University

Bio-Related Business Computer/Info Sc. Engineering

Colleges/Universities: Enrollment and Graduates by Selected Programs

College/University LocationTotal

EnrollmentUndergrad Students

Grad Students BS MS/PhD BS MS BS MS/PhD BS MS/PhD

Boston University Boston 31,574 18,521 13,053 216 352 706 712 54 201 264 148

Harvard University Cambridge 25,778 9,968 15,810 154 194 0 925 25 24 25 37

UMass Amherst Amherst 25 593 19 823 5 770 238 50 577 255 77 55 215 100UMass Amherst Amherst 25,593 19,823 5,770 238 50 577 255 77 55 215 100

Northeastern Univ. Boston 23,411 18,001 5,410 87 26 811 366 103 67 306 207

Boston College Chestnut Hill 14,661 9,880 4,781 167 7 486 528 38 0 0 0

UMass Boston Boston 12,362 9,246 3,116 95 10 361 69 27 16 0 0

UMass Lowell Lowell 11,207 8,648 2,559 27 30 233 54 153 44 162 120

MIT Cambridge 10,253 4,127 6,126 111 43 81 494 171 155 407 894

Salem State College Salem 10,230 7,455 2,775 23 0 163 20 15 0 0 0

Bridgewater State Bridgewater 9,655 7,825 1,830 40 0 176 0 26 0 0 0

Tufts University Medford 9,638 4,995 4,643 83 46 0 13 19 32 198 91

Suffolk University Boston 8,862 5,214 3,648 26 0 358 428 3 9 2 0

UMass Dartmouth No. Dartmouth 8,756 7,626 1,130 43 9 324 73 35 25 79 34

Lesley University Cambridge 6,981 1,793 5,188 0 8 45 17 0 0 0 0y y g , , ,

Framingham State Framingham 5,836 3,804 2,032 25 0 117 22 22 0 0 0

Bentley College Waltham 5,555 4,296 1,259 0 0 949 475 39 21 0 0

Fitchburg State Fitchburg 5,508 3,768 1,740 5 4 107 47 17 21 0 0

Westfield State Westfield 5 426 4 603 823 13 0 120 0 19 0 0 0Westfield State Westfield 5,426 4,603 823 13 0 120 0 19 0 0 0

Worcester State Worcester 5,440 4,626 814 39 9 171 0 22 0 0 0

Brandeis University Waltham 5,313 3,304 2,009 96 34 0 50 14 113 0 0

Source: U.S. Department of Education, Center for Education Statistics (2006-2007 school year)

Community College/Vocational School Location Total Enrollment Bio Related Business Computer/IT Engineering

Major Community Colleges: Enrollment and Graduates by Selected Programs

Community College/Vocational School Location Total Enrollment Bio-Related Business Computer/IT Engineering

Bunker Hill Community College Boston 8,212 12 148 32 0

Middlesex Community College Bedford 8,109 0 149 10 40

Massasoit Community College Brockton 6,975 147 44 12 44

Bristol Community College Fall River 6,927 0 130 25 39

North Shore Community College Danvers 6,910 3 0 7 16

Northern Essex Community College Haverhill 6,361 0 115 27 24

Holyoke Community College Holyoke 6 297 0 157 11 20Holyoke Community College Holyoke 6,297 0 157 11 20

Quinsigamond Community College Worcester 6,022 0 114 38 60

Springfield Tech. Community College Springfield 5,992 4 104 35 118

Massachusetts Bay Community College Wellesley Hills 5,040 3 71 13 52

Mount Wachusett Community College Gardner 3,937 37 11 14 5

Quincy College Quincy 3,801 0 88 15 0

Berkshire Community College Pittsfield 2,225 0 43 3 10

Greenfield Community College Greenfield 2,208 0 40 4 4y g ,

Source: U.S. Department of Education, Center for Education Statistics (2006-2007 school year)

Transportation pMajor Highways and Commercial Airports

Anchored by Logan International Highway system is well developed d ll d iAirport in Boston as well as four very

accessible regional airportsand allows same-day meetings between any location in the state.

Transportation: Major Highways and Commercial Airports

VERMONTVERMONT NEW HAMPSHIRENEW HAMPSHIRE

AlbanyAlbany

Manchester

AlbanyAlbany

Manchester Manchester

95

MASSACHUSETTSMASSACHUSETTS

W t W t

BostonBostonBostonBostonPittsfield

Fitchburg/Leominster Fitchburg/Leominster Fitchburg/Leominster Fitchburg/Leominster

LowellLowell

LawrenceLawrenceLawrenceLawrence

MarlboroughMarlboroughMarlboroughMarlborough29091

495

9319095Pittsfield Pittsfield 9

720

41

2

2

NEW YORKNEW YORK

Springfield

Worcester Worcester Worcester MASSACHUSETTS TURNPIKE

Springfield

90

90

84

95

9

324146

RHODERHODEISLANDISLAND

295

CONNECTICUTCONNECTICUT

Providence Fall RiverFall RiverFall River

New BedfordNew BedfordNew BedfordNew Bedford

Hartford Hartford

84

91

395

195 140Providence Providence

Airport Location

Logan International Boston, MA

Manchester International Manchester, NH

TF Green International Warwick, RI

New York CityNew York CityNew York CityNew York City

Bradley International Windsor, CT

Albany International Albany, NY

Transportation: Air Access to Strategic Cities (Domestic)

Destination Logan Int’l Manchester TF Green Bradley Int’l Albany

Atlanta

Baltimore

Charlotte

Chicago

Cincinnati

ClevelandCleveland

Columbus

Dallas

Denver

Detroit

Fort Lauderdale

Houston

Las VegasLas Vegas

Los Angeles

Memphis

Miami

Minneapolis

Nashville



NYC Area

Norfolk

Orlando

Philadelphia

Phoenix

PittsburghPittsburgh

Portland, OR

Raleigh

Richmond

Salt Lake City

San Diego

San Francisco

San Juan, PRSan Juan, PR

San Jose

Seattle

St. Louis

Tampa

Washington, DC

West Palm Bch



Amsterdam

Frankfurt

Halifax

Keflavik (Iceland)

London

MilanMilan

Montreal

Ottawa

Paris

Shannon

Toronto

Zurich

Real Estate OpportunitiesppOptions to Meet Your Specific Needs

Real Estate Opportunities

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