This project examines Massachusetts Biomedical Initiatives’ (MBI) economic impact on the national, Massachusetts, and Worcester economies, provides recommendations for the development of future economic reports, and offers projections for MBI’s current and future impacts. The study collects primary and secondary data on MBI tenants via surveys, interviews, and previous studies. This project team used the information in concurrence with a software platform to generate the economic impact of MBI. Finally, we offer some suggestions to improve the process that MBI implements to better gauge the activities of their tenants. Our study can be used to educate the government, other incubators, and general public about the role of life science incubators, and their contribution to the economy.
Worcester Polytechnic Institute
Major Qualifying Project
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