For years, New Jersey followed closely behind California for the most life sciences jobs. In 2016, the sector faced a 14% increase from 2009, raising the amount of Massachusetts workers up to 99,000. This increase caused Massachusetts to surpass New Jersey, who only have 94,000 working in the life sciences sector.
With this massive increase and impressive leap on the charts for Massachusetts, a conference in Boston was held to discuss a possible bill that would fund the industry around $5,000,000.00 for expenses. Although the cost of drug manufacturing in Massachusetts is very high, this grant could cover most expenses, allowing businesses to utilize all possible resources to continue the development of this sector in Massachusetts.
A final decision has yet to be made, mostly because the details of the bill haven’t been finalized. It’s unclear how the industry will prosper if the bill is not passed, but even without the bill, this 14% increase has vastly improved the Life Sciences industry in the state. This creates more jobs and expedites new drug development.