Clusters/Target Industries
Advanced Manufacturing
Leading Indicators
| MA Manufacturing Output |
MA Manufacturing Employment | Computer & Electronics Manufacturing Employment in MA | Annual Engineering Degrees Awarded at MA Universities |
| $55 Billion (NAM, 2019) | 236,000 (NAM, 2020) | Massachusetts' computer and electronics manufacturing employment is more than twice (2X) the national rate. | 9,253 (College Factual, 2021) |
Location Quotients
| Selected Advanced Manufacturing Location Quotients | ||||
| NAICS Code |
NAICS Code Description | Total Jobs in Metro, 2020 |
Growth 2017-2020 |
Location Quotient (Boston Metro/United States) |
| 333 | Machinery manufacturing | 13,933 | 9.6% | 0.68 |
| 334 | Computer and electronic product manufacturing | 40,990 | 19.0% | 2.65 |
| 334112 | Computer storage device manufacturing | 328 | N/A | 2.77 |
| 334118 | Computer terminal and other computer peripheral equipment manufacturing | 1,577 | 83.4% | 5.25 |
| 3344 | Semiconductor and other electronic component manufacturing | 8,748 | -11.1% | 1.71 |
| 33451 | Navigational, measuring, electromedical, and control instruments manufacturing | 28,284 | 32.0% | 3.61 |
| 334515 | Instrument manufacturing for measuring and testing electricity and electrical systems | 1,756 | 5.5% | 2.71 |
| 335 | Electrical equipment, appliance, and component manufacturing | 6,425 | 7.8% | 0.96 |
| 3346 | Manufacturing and reproducing magnetic and optical media | 284 | 3.4% | 1.59 |
| 3359 | Other electrical equipment and component manufacturing | 4,295 | 6.6% | 1.62 |
| 3391 | Medical equipment and supplies manufacturing | 6,826 | 5.3% | 1.21 |
| Source: United States Census Bureau County Business Patterns: CB20000CBP and CB20117CBP | ||||
Numerous advanced manufacturers called Norwood home, including but not limited to the following: Applied Plastics, Instron, CertainTeed, Cohu, Manufacturing Resource Group, Olympic Adhesives, Advanced Instruments, Americad Technology, Absolute Metal Finishing, United Electronic Industries, Micron Corporation, InPhotonics, Admet, Revolution Composites, EPSG, ConSeal, American Holt, Spectra Solutions, Bascom Turner Instruments, Avion Power, and Advanced Thermal Solutions.
Life Sciences
Leading Indicators
| MA National Institutes of Health Per Capita Funding Rank in 2021 | Venture Capital (VC) Funding to MA-Headquartered Life Sciences Companies | MA Life Sciences Employment, 2021 | Average Annual Wages of MA Life Sciences Workforce, 2021 |
| #1 $3.33 Billion |
$13.66 Billion in 2021; $5.1 billion in Q1 & Q2 2022, 26% of all VC investment nationally |
106,679 jobs; a 13.2% increase from 2020 | $201,549 |
Location Quotients
| Life Sciences Location Quotients | ||||
| NAICS Code |
NAICS Code Description | Total Jobs in Metro, 2020 |
Job Growth 2017-2020 |
Location Quotient (Boston Metro/United States) |
| 325412 | Pharmaceutical preparation manufacturing | 5,701 | 25.1% | 1.89 |
| 325413 | In-vitro diagnostic substance manufacturing | 2,070 | 66.8% | 3.28 |
| 325414 | Biological product (except diagnostic) manufacturing | 3,677 | 56.9% | 3.04 |
| 541380 | Testing laboratories | 2,570 | 17.4% | 0.91 |
| 5417 | Scientific research and development services | 66,339 | 26.5% | 4.08 |
| 541713 | Research and development in nanotechnology | 4,325 | 6.3% | 1.37 |
| 541714 | Research and development in biotechnology (except nanobiotechnology) | 16,737 | 59.0% | 7.28 |
| 541715 | Research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) | 43,298 | 21.2% | 4.35 |
| 621511 | Medical laboratories | 3,079 | -37.2% | 0.81 |
| Source: United States Census Bureau County Business Patterns: CB20000CBP and CB20117CBP | ||||
Although Moderna has the most extensive footprint in town, Norwood is home to numerous companies in the life sciences and medical device industries, including the following: 1 Globe Health Institute, Apogee Technology, Cardiovascular Engineering, Corbus Pharmaceuticals, EIC Laboratories, Entrinsic Bioscience, Organogenesis, Spectra Solutions, and TFC BioSciences.
Other Regional Clusters
Robotics and Defense
Leading Indicators
| Robotics Companies Headquartered in MA | Aggregate Defense Contracts in Billions (National Defense, 2021) | Number of Military Bases in MA |
| 345 | $15.7 | Seven, employing 57,000 |
See MassEcon's Leading Industries and Employers Portal for more information.
Cybersecurity, Software, and Information Technology
Leading Indicators
| Cybersecurity Companies Headquartered in MA | NSA Centers of Academic Excellence in MA | Number of Technology Jobs Created in MA in Last Ten Years | Cybersecurity Degree Programs offered in MA |
| 140 | Four | 72,000 | 30 |
