CITY FOCUS | HOUSTON

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Biotech in Boston is an up-and-coming industry . The Boston Planning & Development Agency Research Division suggest that Boston is one of the best locations in the United States to seek out a career in the biotech field . This is facilitated by the high concentration within Boston of research industries and high-end hospitals .

The Massachusetts Biotechnology Council ( MassBio ), a trade group , recently reported that the quantity of people employed within local biotech and pharmaceutical companies has had its largest year-to-year increase in a decade . This 6.4 % jump means the state of Massachusetts offers over 74,000 jobs in the industry , with an average salary of over $ 138,000 . MassBio reports that 18 of the top 20 drug companies in the country and all 10 of the top medical device companies have a presence in Boston . The last decade has seen the city build over 11mn square feet of lab space , bringing the total designated lab space to 28mn square feet .

NOVEMBER 2019