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Article: New MassMEDIC Study Concludes Medical Device Industry is Stabilizing Influence on the Massachusetts Economy.
- Article from:
- Business Wire
- Article date:
- April 30, 2004
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Business Editors/Health/Medical Writers
BOSTON--(BUSINESS WIRE)--April 30, 2004
UMass economic analysis declares medtech industry's total economic
impact on state is $7.3 billion
The medical device industry in Massachusetts is both an ongoing vital contributor and a stabilizing factor to the state's economy during recessionary times, providing high paying manufacturing jobs, contributing to total state exports, attracting significant amounts of venture capital investment and utilizing local suppliers, according to a new, detailed study to be released May 4th.
The study, funded by MassMEDIC, the Massachusetts Medical Device ...