Navigation Links
Survey Sees Mass. CEOs as Bullish on Own Businesses
Date:10/11/2007

High Expectations for Biotech Plan

LOWELL, Mass., Oct. 11 /PRNewswire-USNewswire/ -- More than half of Massachusetts CEOs are somewhat optimistic about their own companies, but are concerned about the current state and national economies, according to a new statewide poll of 500 CEOs released today by the Massachusetts Economic Assessment and Analysis Project (MEAAP) -- a joint project of UMass Boston and UMass Lowell.

Fifty-four percent of those surveyed said their own businesses were growing compared to a year ago. While most projected no change in their number of employees over the next 12 months, 34 percent said they planned to hire additional workers and only 4 percent planned to decrease staff over the same period.

Expectations are high about the impact on the state economy of Governor Deval Patrick's $1 billion biotechnology plan, with 74 percent of the CEOs thinking it will be helpful to the state's biotechnology industry. An equal number -- 74 percent -- thought the Patrick plan was likely to increase the state's overall economic growth rate. Interestingly, while only 13 percent of CEO respondents said their companies were involved in any way in the biotechnology, pharmaceutical, or medical device or instrumentation industries, 38 percent said they thought the governor's overall approach would be helpful to their companies.

"This survey confirms that the state -- and UMass Lowell -- are appropriately focusing on growing the biotech and life sciences industry," said UMass Lowell Chancellor Marty Meehan. "UMass Lowell has nano-medicine, biomanufacturing, and medical device development initiatives that can spur additional job growth in these critical sectors."

This is confirmed by 48% of the CEO's who indicate that the skilled workforce and proximity to research institutions are the state's greatest competitive advantage.

David Terkla, an economics professor at UMass Boston, who is a member of the MEAAP analytical team, added that the survey results that "show CEOs growing optimism are encouraging and hopefully will be reflected in a continued strengthening of the state's economy over the next year."

For more information or to read the complete report, go to http://www.MassEconomy.org.

UMass Lowell, a comprehensive university with a national reputation in science, engineering and technology, is committed to educating students for lifelong success in a diverse world and conducting research and outreach activities that sustain the economic, environmental and social health of the region. UML offers its 11,000 students more than 120 degree choices, internships, five-year combined bachelor's to master's programs and doctoral studies in the colleges of Arts and Sciences, Engineering and Management, the School of Health and Environment, and the Graduate School of Education http://www.uml.edu.


'/>"/>
SOURCE University of Massachusetts Lowell
Copyright©2007 PR Newswire.
All rights reserved

Related biology technology :

1. Trace Analysis Optimizing Sensitivity Finnigan Surveyor PDA Detector
2. Accurate Evaluation of the Finnigan Surveyor Autosampler Performance using a Deferred Standard
3. Economic survey reveals better 2006 results
4. Survey company sells Wisconsin GIS piece
5. MoneyTree Survey reports no venture investment activity in Wisconin in Q2
6. Madison top-ranked In Digital Cities Survey
7. Student survey shows surging demand for wireless access
8. Galactic survey reveals a new look for the Milky Way
9. Two Wisconsin companies hold spots on Computerworld employee survey
10. Money Tree survey shows lull in Wisconsin venture capital deals
11. Survey of High Tech Company Leaders Points Out Need for Personal Growth
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/22/2017)... ... June 22, 2017 , ... For the months ... produced a Spotlight series on “Cell Therapy Regulation” for its regenerative ... experts on the unique regulatory challenges of stem cell medical research. , Stem ...
(Date:6/22/2017)... ... June 22, 2017 , ... RURO, Inc., ... Limfinity® version 6.5, a content-packed update to the Limfinity® framework. , LimitLIS® and ... and more diverse base of customers among labs and other businesses. Limfinity® 6.5 ...
(Date:6/20/2017)... ... ... Biologist Dawn Maslar MS has found a biomarker that she claims verifies ... The Neuroscience of Meeting, Dating, Losing Your Mind, and Finding True Love, Maslar found ... step, in my estimation, was to scientifically track the evidence of commitment in men,” ...
(Date:6/20/2017)... ... June 20, 2017 , ... ... PhD, a well-versed leader with extensive assay development and biomarker expertise, as VP ... is a Boston CRO specializing in bio-analytical assay development and sample testing services. ...
Breaking Biology Technology:
(Date:3/24/2017)... Research and Markets has announced the addition of the ... Industry Forecast to 2025" report to their offering. ... The Global Biometric Vehicle Access ... 15.1% over the next decade to reach approximately $1,580 million by ... and forecasts for all the given segments on global as well ...
(Date:3/23/2017)... Research and Markets has announced the addition of the "Global ... 2025" report to their offering. ... The Global Vehicle Anti-Theft System Market is ... next decade to reach approximately $14.21 billion by 2025. ... all the given segments on global as well as regional levels ...
(Date:3/22/2017)... NEW YORK , March 21, 2017 /PRNewswire/ ... Customer Marketing Cloud used by retailers such as ... in its platform — Product Recommendations and Replenishment. Using ... to give more personalized product and replenishment recommendations ... purchases, but also on predictions of customer intent ...
Breaking Biology News(10 mins):