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The Boston region claimed the top life sciences cluster spot in a new global report from real estate services firm Jones Lang LaSalle. The report identified both established and emerging life science clusters.
Boston ranked number one in five of the six cluster methodology categories, beating out second-spot New York/New Jersey region and third-spot San Francisco Bay Area by a wide margin, as well as the additional 13 other regions listed in the report. Boston’s top category claims came in the following areas: high-tech research & hospital/medical employment; science & engineering graduate students; NIH funding; R&D spending as percent of GDP; and academic and research institute facilities. The only area in which Boston did not take the top spot – in this case, claiming the number two ranking – was in venture capital funding, where it trailed the Bay Area by almost $700 million.
According to the report, “The [Boston] area enjoys seven times the number of workers in biotech R&D than the national average.” The area has more than 85,000 high-tech research employees and more than 340,000 hospital and medical employees.
The report also highlights Massachusetts as the recipient home of 13 percent of all National Institutes of Health funding, with five of the top eight NIH-funded hospitals in the U.S.
In addition to Boston, New York/New Jersey, and Bay Area, the Jones Lang LaSalle report also compared the established regions of Los Angeles, Philadelphia, Raleigh-Durham, San Diego, Seattle and Washington DC/suburban Maryland, in addition to the emerging life science cluster regions of Atlanta, Chicago, Denver, Florida, Houston, Indianapolis and Minneapolis. Canada, Brazil and Puerto Rico were identified as emerging nations in the life science cluster report as well.
Read the Jones Lang LaSalle Life Sciences Cluster Report.
Editor's note: A previous version of this article erroneously noted Massachusetts as having the top five NIH-funded universities.
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