People crossing at the intersection of Ames and Main Streets. Kendall Square is home to dozens of biotech companies.
There are nearly 117,000 workers in the biopharma sector, which represents just 3.7% of the state's overall workforce. But the industry's job growth accounted for nearly 17% of job growth in Massachusetts in 2023, according to the report. "We remain the best place in the world for research and development, especially that early stage innovation that's coming out of our hospitals, colleges, universities, research institutes. That's why the large pharmas are here," Bradford said.
Bradford said about 2,000 of biopharma's net new jobs were in research and development. The state is also a critical leader in therapies — representing 15% of the U.S. drug development pipeline and 6.4% of the global pipeline.Meanwhile, biomanufacturing jobs dipped by roughly 2% in the state overall, though there was growth in some parts in the state. Notably, Worcester County saw a nearly 12% increase in biomanufacturing jobs, according to the report.