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Economic Impact of the Mass. Biomedical Industry

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Massachusetts Biomedical Initiatives (MBI) is a biomedical incubator. We assessed the economic impact of the Central Massachusetts and Boston-Worcester biomedical corridors and developed a 5-year forecast. Since 2004, the economic impact of the Central Massachusetts Biomedical industry grew 136% and today has a direct economic impact of $2.2 billion. The economic impact is expected to grow about 182% by 2012. The Boston-Worcester corridor currently has a direct economic impact of $8.8 billion.

  • This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.
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  • E-project-042408-144004
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  • 2008
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Date created
  • 2008-04-24
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