"Let’s keep playing to our strengths by supporting the life sciences and advanced manufacturing, by expanding our clean tech initiatives, including in the burgeoning water technology cluster, by encouraging technology clusters of every kind. Each of these sectors has seen very strong job growth and very strong investment, in both small companies and large ones, well outpacing the average. This is where our present and our future lie."
- Governor Deval Patrick, 2014 State of the Commonwealth
Our concentration of brainpower, research institutions and venture capital and our well-educated workforce put Massachusetts at the center of the global innovation economy. Governor Patrick’s 10-year, $1 billion Life Sciences Initiative has invested over $300 million of state resources to generate nearly a billion dollars in new private investment and thousands of new jobs. A report released by the Boston foundation in March 2013 found that over the last 10 years the state's life sciences cluster has created jobs in Massachusetts at a faster pace than any other industry sector in the Commonwealth. The report also found the since 2008, Massachusetts has eclipsed all other competitor states in the rate of life sciences job creation. Massachusetts has eclipsed all other competitor states in the rate of life sciences job creation. Massachusetts also invests more in energy efficiency than any other state in the US. Thanks to our investments in the clean tech sector, we have seen solar energy installments increase by 71 fold and wind energy installments increase by 31 fold since 2007, and recently announced a new solar energy goal of 1,600 MW installed by 2020.
Recently signed by the Governor,"An Act Relative to Infrastructure Investment, Enhanced Competitiveness and Economic Growth in the Commonwealth," will increase economic development and create jobs in the Commonwealth's key sectors of innovation and infrastructure. It includes a number of initiatives supporting those sectors, including $50 million for a Scientific and Technology Research and Development Matching Fund. The fund will support collaborative research and development projects among businesses and universities, building off the example of the Massachusetts Green High Performance Computing Center in Holyoke, which is expected to be completed fall 2012.
In the area of workforce training and education, the legislation includes $5 million for the Workforce Competitiveness Trust Fund, which prepares Massachusetts residents for new jobs in high-demand occupations and which helps to close the middle-skills gap and create seamless pathways to employment.