GOVERNOR PATRICK DISCUSSES STRENGTH OF INNOVATION ECONOMY; TOUTS COMPREHENSIVE LEGISLATION TO STIMULATE CONTINUED GROWTH
Governor Patrick discusses the growing importance of the creative economy in the Commonwealth at the Creative Industries Summit held in the Pozen Center of the Massachusetts College of Art and Design. (Photo: Kenshin Okubo / Governor’s Office)
BOSTON – Thursday, June 12, 2014 – Governor Deval Patrick today joined over 1,500 business leaders, entrepreneurs, students and professionals to discuss the strength of Massachusetts’ nation-leading innovation economy and the continued need to invest in these sectors to benefit our collective future at BostInno and Streetwise Media’s State of Innovation Forum.
“Massachusetts has become a global hub of innovation -- in our economy, in government, throughout our society,” said Governor Patrick. “That's where our competitive edge lies and why our future is bright.”
Thursday’s event united leaders in the innovation sector and explored the state of innovation across the Commonwealth’s strongest industries – including marketing, big data, mobile, transportation, retail, e-commerce and education. The event was sponsored by BostInno, a digital media and events company, which is part of the Streetwise Media network.
In April, Governor Deval Patrick announced an economic development package that provides new tools and training so the Commonwealth’s workforce is prepared to meet the needs of employers, invests in its Gateway Cities to promote development across the entire state and provides incentives to create jobs and stimulate the economy. The Governor’s bill, An Act to Promote Growth and Opportunity, builds on the Administration’s proven growth strategy of investing in education, innovation and infrastructure that has led to record job creation in Massachusetts and made the Commonwealth a global leader in key innovation economy sectors. For more information on the bill, please visit www.mass.gov/compete.
Massachusetts is making unprecedented public private-collaborations, which are fueling growth and competition in the innovation economy. For example, the Massachusetts Life Science Center has been a catalyst for the development of the world’s preeminent life sciences cluster. Over the past six years, the Massachusetts Life Science Center has invested or committed $520 million across the state, which has leveraged more than $1.5 billion private investment for these companies and facilities.
MassChallenge has become the world’s largest startup accelerator and is expanding internationally. The 489 MassChallenge alumni startups have raised over $472 million in outside funding and created over 3,900 jobs. A new green high-performance computing center in Holyoke, supported by government and business, now serves as a shared facility enabling cutting-edge work at the state’s five largest research universities.
“Massachusetts continues to be a global hub of innovation due to our comprehensive economic development strategy and key investments in education,” said Housing and Economic Development Secretary Greg Bialecki. “We are choosing policies that will extend economic opportunity to every resident of the Commonwealth and continue to accelerate our thriving innovation economy.”
Massachusetts’ economic recovery has been largely fueled by its strong, diverse and interdisciplinary technology sector. This sector of the state’s innovation economy has proven to be one of the strongest in the world, and continues to advance technology and research in areas like the life sciences, cleantech, software, digital marketing, e-commerce, big data, eHealth and robotics. The Massachusetts technology sector includes over 200,000 direct jobs, over 13,500 firms and an estimated $156 billion of economic output. A 2012 report from the Bureau of Labor Statistics ranks Massachusetts second in the Nation high tech job growth.
Recognizing the direct tie between innovation and the evolution of the Massachusetts economy, Governor Patrick has lead the charge to find innovative ways to change the way government does business by improving efficiency and streamlining the delivery of government services. In 2012, the Patrick Administration named the Commonwealth’s first Government Innovation Office to improve the experience of state government for citizens, businesses and municipalities while also working to boost internal government efficiencies, leverage technology to improve services and save money and improve performance for state employees and residents alike.
The Patrick Administration is committed to providing the tools and resources to support innovation across the Commonwealth. The Commonwealth’s Council for Innovation, established by Governor Patrick in 2012, engages experts and entrepreneurs to help the Commonwealth make targeted investments in new technology and offers advice on the best opportunities to improve government efficiency and use technology to streamline delivery of services to people, businesses and local governments.
“Innovation has been the hallmark of our efforts to make government more efficient and customer friendly,” said Secretary for Administration and Finance Glen Shor.
Later today, Governor Patrick will address the Creative Industries Summit, to discuss how the Administration’s investments in education, innovation and infrastructure have supported innovation and the creative economy in Massachusetts. With over 100,000 workers and a $1 billion statewide economic impact, the creative industries in Massachusetts are an integral part of the Massachusetts economy.
The creative industries include many interlocking sectors, which provide creative services or create and promote intellectual property products. The sector includes businesses, organizations and individuals working in marketing, architecture, visual arts, design, film, media, food, digital games, entertainment, music and publishing.
In 2007, Massachusetts was the first state in the nation to establish the position of creative Economy Industry Director which is housed at the Executive Office of Housing and Economic Development. In 2008, Governor Patrick signed legislation instituting the Creative Economy Council whose purpose is to develop a statewide strategy for growth of the creative economy in Massachusetts. Since that time, the Patrick Administration has launched a number of initiatives to support the creative economy in Massachusetts including the Creative Economy Network, which tracks progress and promotes efforts to support the creative economy on the local, regional and state-wide level.
The Administration has also launched CreativeNEXT Resource Meeting program, a business development program that helps owners of small and medium-sized creative businesses quickly access resources and advice to help grow their enterprises by meeting with an expert panel. These sessions, and one-on-one office hours with the Creative Economy Director, have provided specialized resources to over 100 creative companies.