$35.5BGDP From Information Technology Sector
830High-Tech Sector Workers Per Billion of GSP
14.2%High-Tech Share of Total Workforce
Massachusetts’ tech industry accounts for just under 15% of the state’s entire workforce, with an emphasis on the biosciences. Boston is a global leader in biotechnical research and Massachusetts ranks in the top five U.S. states for high-tech sector workers relative to GSP. The state averages roughly $15 billion in research and development funding thanks to its large cluster of biotechnology companies and world-class universities. Massachusetts also ranks among the top three states to receive the most venture capital funding.