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Massachusetts Biomedical Corridor

The Corridor by the Numbers 1

Pipeline

1,348

drug candidates in development (6% of the global pipeline)

Investment

$ 984 million

in Venture Investment in Massachusetts (21% of all VC Investment in biotech in the US)

Workforce

#1

Massachusetts has more employment classified as Biotechnology Research and Development than any other state

Worcester by the Numbers 1

  • Worcester ranked #2 City in New England to start a business. 6
  • Worcester ranks #3 in number of biopharma companies in Massachusetts
  • UMass Medical School in Worcester ranks #2 in NIH Funded non-profits in 2013 with $130 Million in NIH Funding
  • Worcester County is home to over 60 Biotech companies.
  • The Worcester area is home to 12 colleges and universities and 35,000 students2

Worcester is a Home for Bio-Manufacturing

 

Worcester’s Value Proposition

Access to Talent and Research

Worcester has twelve colleges and universities² with over ten new science buildings and 35,000 college students.

Dedicated & Available Research Facilities

A Network of Local Business Incubators

A Strong Startup Support Community

Lower Cost of Doing Business

According to Bankrate.com, the cost of living in Worcester is 22% less than Boston or Cambridge.

This savings allows startup companies to direct more investment towards talent and science instead of real estate. MBI’s is one of the most affordable alternatives in the state and MBI rent includes additional services focused on promoting our tenant companies success. Office and lab rents in Worcester are on average less than half of rents in Kendall Square and Boston.

Access

Worcester has excellent access to all of New England through I-90, I-290, I-190, Rt. 146, and I-84.

Worcester has 20 round trip Commuter Rail trains to Boston daily and has easy access to freight rail through the CSX Intermodal Yard and the Port of Worcester. Worcester Regional Airport provides air service to the City.

Restaurants & Culture

Worcester is home to world class restaurants and cultural attractions including the Worcester Art Museum, Hanover Theatre for the Performing Arts,DCU Center and Convention Center, Tuckerman Hall, Mechanics Hall, Palladium, and some of the best live music around.

Worcester’s Shrewsbury Street hosts some world class restaurants at a fraction of the price of Boston’s best. For more information on Worcester’s restaurant scene, check out: tasteworcester.com, or visit the annual Taste of Shrewsbury Street event!

Resources

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