Worcester Polytechnic Institute Electronic Projects Collection

Title page for E-project-042408-144004

Project TypeMQP
Submission date2008-04-24
Authors
  • Alan Ngo, MG
  • Collin James Weingarten, MG
    • URNE-project-042408-144004
    SponsorMassachusetts Biomedical Initiatives
    TitleEconomic Impact of the Mass. Biomedical Industry
    Advisors
  • Hansen, Peter H., HU
  • Banks, McRae C., ECE
  • Zhao, Wanli, MG
    • Availability unrestricted

    Abstract

    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.

    Files
  • FINAL_VERSION_Chapters_1-5.pdf

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