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Massachusetts sees biotech recovery despite real estate surplus, boosting manufacturing in Western Mass.
Massachusetts faces a life sciences real estate surplus in Greater Boston, with high vacancies and stalled construction, but recent leasing activity signals cautious recovery.
Despite declining federal funding, venture capital, and policy uncertainty, companies are still expanding, especially in Waltham and Kendall Square.
The state is pivoting to Western Massachusetts for biomanufacturing, leveraging infrastructure and lower costs.
The Massachusetts Life Sciences Center is leading efforts through workforce programs, the 2035 Fund, and the Bio Boost initiative to boost manufacturing and attract investment.
While challenges remain, targeted support and strategic expansion aim to sustain the state’s global leadership in biotech.
Massachusetts ve la recuperación de la biotecnología a pesar del excedente de bienes raíces, impulsando la fabricación en el oeste de Massachusetts.