Report forecasts 42,000 new life sciences jobs by 2032 in Massachusetts
Aided by favorable state tax policies, the growing life sciences sector in Massachusetts now features 132,000 jobs and a new report predicts another 42,000 new jobs will come online in the industry over the next decade. The report touts a positive outlook for the industry that policymakers have embraced and incentivized, but also features more warning signs that demand for talent continues to outpace supply in Massachusetts. The Massachusetts Biotechnology Education Foundation’s 2023 Massachusetts Life Sciences Employment Outlook report recommends “reinvigorated recruitment and retention approaches,” noting rapid growth in computing and information technology jobs to support the sector.