Regional Review: New England States Target Industry Niches

Mali R. Schantz-Feld (Location USA / April 2013)

New England’s industry strengths are derived from professional business services, software and high-tech advanced manufacturing, product and component parts, and suppliers to the auto, computer, and aerospace and defense industry. More

The Top-10 Cities for Life Sciences Companies in 2013

Area Development Online Research Desk (March 2013)

JLL’s second annual life sciences cluster report ranks top-10 cities for life sciences companies in 2013. More

Market Report: Life Sciences Site Selection Focused on Smaller Cities, Access to Innovation and Incentives

Richard McBlaine, International Director, Solutions Development & Chairman - Strategic Consulting, Jones Lang LaSalle, Jones Lang LaSalle (Q1 / Winter 2013)

North American life sciences companies are shuffling and right-sizing their footprints to maximize ROI in R&D and other corporate functions and, increasingly looking toward smaller metropolitan areas with rising industry influence. More

The Return of Technology Clusters to the List of “Best-Performing Cities”

Area Development Online Research Desk (February 2013)

Milken Study Highlights Metros Recovering Most Quickly from the Economic Recession and Growing Their Economies. More

LINK: Best-Performing Cities 2012: Where America's Jobs Are Created and Sustained - Milken Institute

Historic Building Rehab: A Viable Option for Relocating or Expanding Business

Warren Kirshenbaum, Founder, The Cherrytree Group (Directory 2013)

Those wishing to rehab an historic building can take advantage of various tax credits, while also building good will in the community. More

How Two Biotech Companies Won at Repurposing Historic Structures for Reuse

Chris Leary, AIA, LEED AP, Principal, KlingStubbins (Directory 2013)

Aileron Therapeutics, a Cambridge, Mass.-based startup, and Novartis, one of the world’s largest pharmaceutical companies, have each recently repurposed older structures, creating unique and appealing headquarters buildings. More

Which States Lead in the “New Economy”?

Area Development Online Research Desk (December 2012)

It’s been more than three years since the Great Recession ended, and only six states have regained employment levels enjoyed prior to the recession, while 17 states are still more than 5 percent below their pre-recession employment levels. This is according to The 2012 State New Economy Index from the Information Technology and Innovation Foundation (ITIF). More

LINK: The 2012 State New Economy Index - ITIF

Drug Companies Relocating R&D to Urban Labs

John K. Borchardt (November 2012)

Pharmaceutical firms, large and small, have long favored locating their research operations on suburban campuses. Now this trend is changing. More

MASSACHUSETTS at a glance

POPULATION: 6,547,629 (2010 Census)

LABOR FORCE: 3,461,400 (Sept. 2012)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Creative industries, defense and homeland security, financial services, information technology, life sciences, manufacturing, maritime commerce, renewable energy

EXPANDING INDUSTRIES: Management, scientific, and technical consulting services; individual and family services; pharmaceuticals and medicine manufacturing; home healthcare services; computer systems design and related services; residential care facilities; software publishing; scientific R&D services

COLLEGE GRADUATES: (Age 25 and over) 38.2% (2009 U.S. Census)

BASIC BUSINESS TAXES:
Single Sales Factor: Yes (for manufacturing companies)

Corporate Income Tax Rate: 8 percent

Sales and Use Tax: 6.25 (machinery and equipment is exempt)

Personal Property/Real Estate Tax: Levied by local authorities across the state (average rate of $16.97 per $1,000 assessed property value)

BUSINESS INCENTIVES:
Economic Development Incentive Program

Investment Tax Credit

Tax Increment Financing

Research & Development Tax Credit

Special programs, grants, and loans provided through:
• MassDevelopment

• Mass Ventures

• Massachusetts Growth Capital Corp.