4 26-17 n shore techonomy update

www.nstc.org

Advancing technology businesses North of Boston

MISSION

To build a strong ecosystem for the success of technology businesses North of Boston by facilitating:

We are both a community and a cause.


VISION

To be the leading collaborative fostering

technology businesses North of Boston


• Biosciences Group (“First Friday”)

• Sustainability Forum

• STEM Special Interest Group

• Programs Committee

• Membership Committee

• Sponsorship Committee

• Marketing Communications Committee

Volunteer OpportunitiesWe can’t do it without you


Connect and keep current!

Group – discussion forum

Member, Sponsor & Council news

@NSTechcouncil – member & partner news

chat: #NSTCchat


Platinum Sponsor


Gold Sponsors

GORDON ULEN, CPA


ColoSpace, Inc.Endicott College

New England BioLabsNSK, Inc.

Salem State UniversitySavior Labs

Silver Sponsors


New Gold Sponsor


New Websitenstc.org

Connect, exchange ideas and get inspired.

NSTC creates opportunity. As the region’s preeminent technology business association, we deliver business formation, networking, learning and community programs for innovators, entrepreneurs, investors and the service providers who support them. Our virtual hub of innovation, ideas, technical diversity and creativity helps you learn, connect, get inspired, and leverage combined resources for success.


Next Business BreakfastThursday, May 25

7:30 – 9:30 AM

Update from Governor Baker:

Technology and Economic Development

In Massachusetts


For all Events:

www.NSTC.org

announcements ◦ blog recap articles º Q&A / commentary ◦ resource links ◦ slide decks

http://www.nstc.org/


Today’s Sponsor

North Shore Community College


North Shore Community College

NSTC Breakfast April 26, 2017

www.northshore.edu

Over 80 programs at 3 campus locations!

North Shore Community College Coming Fall 2017 – New Lynn Addition

CAREER PROGRAMS

• Aviation Science

• Early Childhood Education

• Computer Networking

• Criminal Justice & Human Services

• Veterinary Technology/ AC

• Health Professions

• Culinary and Cosmetology

• Liberal Arts Transfer

• -STEM and Humanities focused

• Computer Science Transfer

• Engineering Science Transfer

• Biotechnology

• Early Childhood Development

• Business Administration Transfer

TRANSFER PROGRAMS

Labor Market Relevant ProgrammingFor students who want to transfer or enter the workforce directly!

Quality Assurance and Control for the Biotech Industry

CertificateDatabase Management and Security

Corporate &

Professional

Education

Programs

Credit for

Prior

Learning

Assessmen

t

Partnerships & Initiatives

North Shore Community College:

Your local partner for creating the

workforce of tomorrow.

North Shore Community CollegeLaura C. Rubin, Ph.D. Dean, STEM and Education

[email protected]


S.T.E.M. Scholarship Update

eccf.org

Participating Schools: 4Scholarship Recipients: 13Scholarships Awarded: $26,000Scholarships Matched: $26,000Enrolled Majors: • Math• Biotechnology• Computer Science• BiologyGraduate Highlights:• 2 Research Associates at Cell Signaling• 2 UMass Lowell Engineering Students• 1 Health Care Technician/ Umass Lowell Clinical Pathology• 1 IT Resident at Google


Today’s Program

Presentation Team

Zachary Bassett, Senior, Global Business Development Abigail Keim, Sophomore, Biotechnology, Psychology Eric Owens, Sophomore, BiotechnologyKamarin Khun, Senior, International Business (Support)

Matthew Sweitzer, Greentown Labs

James Kawski, Strategic Marketing, Applied Materials

Steve Winter, Principal Economic Development Planner Metropolitan Area Planning CouncilGreg Reibman, Pres., Newton-Needham Regional Chamber

The State of Technology on the North Shore

Creating Ongoing Analysis for…

Advanced

Manufacturing

Medical Device

Manufacturing

Life Science

And Adding ….

Information Science

and

Technology

We All Know Cambridge Is Expensive…

Source: www.areavibes.com

Cost Of Living Index – North Shore vs. National Average

North Shore Cost of Living Index

(www.areavibes.com)

the North Shore

Town vs.

National

Average

Dif ference from

Cambridge

$ Needed to

Maintain Quality of

Life Equal To

Cambridge Salary

of $50,000

Dif ference

Cambridge (167 vs 100 national average); Massachusetts average is 130

Lynn 128 -24% 38,195$ 11,805$

Salem 135 -19% 40,417$ 9,583$

Peabody 140 -17% 41,735$ 8,265$

Beverly 141 -16% 42,075$ 7,925$

Gloucester 141 -16% 42,199$ 7,801$

Source:www.areavibes.com

Life Science on

The North Shore

Where Are Life Science Companies

Located on the North Shore?

Danvers

Beverly

Peabody

Salem

3

25

1753

13

Composition of Life Science Firms on the North Shore in 2015

Pharmaceutical & Medicine Mfg

Electronic Instrument Mfg

Medical Equipment and SuppliesMfg

Scientific Research andDevelopment Svc

Medical and DiagnosticLaboratories

Total

111

What’s A “Location Quotient”?• A way of quantifying how concentrated a

particular industry or cluster is in a region to

the state or nation.

• A great way to reveal what makes a region

unique

North Shore Sector Employment

Total Regional Employment

State Sector Employment

Total State Employment

= Location Quotient

0.77

1.231.04

0.40

0.83

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

Employment Location Quotients for Life Science -North Shore vs. Massachusetts in 2015

Pharmaceutical

& Medicine MfgElectronic

Instrument Mfg

Medical

Equipment and

Supplies Mfg

Scientific

Research and

Development Svc

Medical and

Diagnostic

Laboratories

$57,831,732

$173,850,882

$39,202,027

$191,941,313

$18,920,168

2015 Total Wages by Life Science Sector on the North Shore

Pharmaceutical & Medicine MfgElectronic Instrument MfgMedical Equipment and Supplies MfgScientific Research and Development SvcMedical and Diagnostic Laboratories

Advanced Manufacturing

On the North Shore

21

115

33

40

9

Composition of Advanced Manufacturing Firms on the North Shore in 2015

Chemical Manufacturing

Fabricated Metal ProductManufacturing

Machinery Manufacturing

Computer and Electronic Product Mfg

Electrical Equipment and Appliances

Total

218

0.90

1.20

0.960.87

1.09

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

Employment Location Quotients for Advanced Mfg-North Shore vs. Massachusetts in 2015

Fabricated Metal

Mfg

Machinery Mfg Computer and

Electronic Product

Mfg

Electrical

Equipment and

Appliances

Chemical Mfg

$91,052,575

$128,408,055

$239,198,903

$245,718,257

$42,815,190

2015 Total Wages by Advanced Manufacturing Sector on the North Shore

Chemical Mfg Fabricated Metal Product Mfg

Machinery Mfg Computer & Electronic Product Mfg

Electrical Equipment and Appliances

Information Science

and Technology on the

North Shore

600

430

330

190

160

150

360

Employment in IT Occupations on the North Shore in 2015

Software Developers, Applications

Computer User Support Specialists

Network and Computer SystemsAdministrators

Computer Systems Analysts

Software Developers, SystemsSoftware

Computer Programmers

OTHER

Total

2570

0.410.47

0.67

0.260.12

0.41

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

0.90

1.00

Employment Location Quotients for IT- North Shore vs. Massachusetts in 2015

Software

Developers,

Applications

Computer User

Support

Specialists

Network and

Computer

Systems

Administrators

Computer

Systems

Analysts

Software

Developers,

Systems

Software

Computer

Programmers

$59,436,600.00

$23,577,330.00

$27,426,630.00

$15,305,450.00

$17,100,480.00

$14,514,750.00

$27,073,580.00

2015 Total Wages by Information Science and Technology Sector on the North Shore

Software Developers, ApplicationsComputer User Support SpecialistsNetwork and Computer Systems AdministratorsComputer Systems AnalystsSoftware Developers, Systems Software

Ample Bandwidth to the Region

Collaborative

Work Space

A Way To Get Here and There!

Information Tech/Science Needs

Are Straightforward

How do we drive vocations to align

with our region’s strengths?

How do organizations like the NSTC

drive preference for the region?

Some Important Questions

To Navigate Going Forward


Today’s Program

Presentation Team






Greentown Labs © 2017 51

What is Greentown Labs?

• Largest Cleantech business

incubator in the US

• Founded by 4 MIT startups

• Desk Space, Conference

Rooms, Prototyping Space

• Access to investor and

manufacturer network, pro

bono resources from

Greentown sponsors


• Problem: startups need

help

• Greentown partners with

NAMC and the City of

Somerville

• Work with hardware

startups in Essex and

Middlesex counties, and

Boston52

Greentown’s Manufacturing Initiative


My Story

• Endicott College FUEL program

partners with NSTC

• The State of Technology on the

North Shore Project

• How I got connected with

Greentown

53


Today’s Program

Presentation Team






Little-known truths about the

Gloucester economy*

*Source:Jim Dowd, Flying Car

Fishing

less than 2% of jobs

Manufacturing

higher than MA average

Education, health

and social services

at MA average

Arts and entertainment

twice as high as fishing

Truth #1:

Gloucester

is much

more than

fishing

“New” Gloucester has

tremendous potential

cryo

Exhaust

systems

Shipping &

handling

Specialized

electrical systems

Research and

testing facilities

coffee Foosball

(optional)

Software

V.

Biotech

Infrastructure

needs

Infrastructure = jobs

Truth #2:

“Loading-dock”

tech

is migrating North

because of cost

Average cost/square foot

Lifescience

needs:

Labs

Shipping

Cryogenics

Exhaust

Handling

Electrical

Plumbing

Cambridge $65

Watertown $45

Burlington $30

Beverly $25

Gloucester $15

Robotics & IOT

needs:

Benches

Testing areas

Labs

Shipping

Handling

Electrical

Receiving

Nanotech

needs:

Cryogenics

Testing areas

Labs

Shipping

Handling

Electrical

Receiving

You need space to play with the robots

Gloucester has ample

underused industrial

space

North Shore

Live where you Work

Work where you Live

Formula for Success

Living

LifestyleCulture

Theatre

Museums

Natural Resources

SchoolsCommuter Rail

Healthcare

Cost of Living

Ease of Commute

Walkable cities and towns

Open SpaceNo major traffic issues

Deep History

Religious Institutions

Proximity to Boston

Proximity to NH, ME, VT

Working

Cost of Doing Business

Investment Dollars

Investment Opportunities

InfrastructureLab Space

Office Availability

Educated Workforce

Strong Secondary Ed

Growing Cert. EdCommuter Rail

Professional Orgs

Anchor CompaniesEstablished Essential Cos.

A History on Innovation

A History of Work Ethic

Community Leadership

A Creative Economy


Today’s Program

Presentation Team







Thank You!

www.nstc.org

4 26-17 n shore techonomy update

Economy & Finance