Public Policy Commons^™

Economic Development In The Massachusetts Life Sciences Cluster: Shared Prosperity Or A Big Tradeoff?, Brandynn Holgate

Graduate Doctoral Dissertations

Policies aimed at economic development can be judged by two criteria: efficiency and equity. -Policies that result in both greater efficiency and greater equity lead to shared economic prosperity for a region. The innovation economy includes some of the fastest growing industries which generate new wealth in the U.S. Within this context, the life sciences industry has been a prime target for economic development for individual states. This case study examines the economic development agenda in the Massachusetts life sciences industry and whether these efforts result in both sustaining competitive advantage (i.e., continuous innovation that improves productivity and product and …