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Biotech industry shows resistance to economic effects
Running counter to the overall economic trend, biotechnology employment grew 50.5 percent in Massachusetts from 2001 to 2010, according to Peter Abair, director of economic development for the Massachusetts Biotechnology Council. The reason, he said, was that the cluster was well-placed for a changing biopharma business model. Continuing to drive the employment growth are the research and manufacturing jobs, which in turn, drive growth in the support positions, such as information technology, information services and human resources, he said. Biopharma manufacturing, in particular, has done very well locally, especially in the biologics arena, he said.