If the United States is a cell of the biopharma industry, then Massachusetts is surely the nucleus. In 2023 alone, 31% of venture capital (VC) funding earmarked for U.S. biopharma developments was received by companies in the Commonwealth, the second highest claim in the country. At $7.67 billion in investments, this represents the fourth highest VC total to date in Massachusetts and stands well above the state’s pre-pandemic record of $5.53 billion set in 2018. Industry employment has also continued to grow, with the Bay State’s biopharmaceutical research and development workforce expanding 8.5% throughout 2023 and the biomanufacturing workforce increasing 6.3%. It’s clear that Massachusetts has cemented an unyielding stake in advancing biomanufacturing development.
The Town of Mansfield has positioned itself to play an increasing role in the life sciences industry, leveraging its location and resources to meet the needs of these employers. Recognizing this, Mansfield was named a Gold BioReady® community by MassBio, illustrating the Town’s commitment to this expanding sector.
Why should biotech startups or companies considering relocation choose Mansfield as their home? Mansfield has invested millions of dollars into the development of a strong, robust infrastructure, with all the amenities needed to thoroughly support its business residents. From the Town’s ample water and sewer capacity to the municipally owned and operated Mansfield Municipal Electric Department -which offers significantly lower energy rates than Eversource, National Grid, and Unitil- Mansfield is fully equipped to support this industry.
In addition, Mansfield is committed to offering the best opportunities for success to the life sciences industry, with available space zoned for biotech uses. The Mansfield Bio-Incubator, an open-concept office and shared laboratory space serving startups and contract research organizations, currently has limited space available. This innovative, state-of-the-art facility was recognized last year by MassEcon at the 19th Annual Team Massachusetts Economic Impact Awards for a 25,000 SF expansion. Building upon this success, the Bio-Incubator also received a two-year $800,000 grant from the Technology & Innovation Ecosystem Award grant program to support companies innovating the advances of cell and gene therapy, as well as 3D culture technology.
Another innovative facility is located in the nearby Cabot Business Park, an 850-acre, master planned, campus-style commercial park that serves as home to local, national, and international tenants. Among these is the cutting-edge Walgreens Micro Fulfillment Center, which distributes roughly 10,000 prescriptions per day. Employing over 200 full-time employees, this project was recently named the Southeastern Gold Awardee for the 20th Annual Team Massachusetts Economic Impact Awards. Amongst the Park’s other residents are Integra LifeSciences, American Health Associates, and inTEST Thermal Solutions, to name a few.
The Town of Mansfield is home to a thriving business community, of which the biotechnology sector is a growing part. If you are interested in locating a business here, please feel free to reach out to Christopher McDermott, the Town’s Economic Development Director, to learn more about availabilities throughout the Town. He can be reached at or (508) 851-6410.