Massachusetts

CONSTRUCTION PROJECTS

Major Projects ($5M+) 2019-2024

Massachusetts Fact Sheet, 2019-2024

Pharmaceutical & Biotech Mfg and R&D

Number of Major Projects

($5+ million) 

197

Major Project Valuation

(Any major project active
between 2019 and 2024)

$19.62 billion

Total Construction Spending

(Capital and maintenance
expenditure, 2019-2024)

$13.09 billion

Largest Construction Projects, Pharmaceutical and Biotech Manufacturing and R&D, 2019-2024

Project OwnerProject CityStateYearsValue
IQHQ IncorporatedBoston Brownfield Fenway Life Science Research CenterBostonMA2023-25$1,000 million
Eli Lilly & Company Boston Brownfield “Lilly Institute For Genetic Medicine” FacilityBostonMA2022-24$700 million
Takeda Pharmaceuticals USA IncorporatedCambridge Brownfield Oncology, Hematology, Neuroscience, Gastroenterology R&DCambridgeMA2022-26$700 million
Ivanhoe CambridgeBoston (Brighton) Brownfield Forum 60 Guest Street LaboratoryBostonMA2022-25$545 million
AstraZeneca PLCCambridge Brownfield AstraZeneca Oncology & Biologics R&D CenterCambridgeMA2024-26$533.5 million
BioMed Realty Trust IncorporatedSomerville BF Life Science “Assembly Innovation Park” 188 Assembly DriveSomervilleMA2022-25$514 million
Bristol-Myers Squibb CompanyCambridge Crossing Grassroot 250 Water St R&D Laboratory BuildingCambridgeMA2020-24$450 million
Greystar Real Estate LLCSomerville Brownfield 74M Life Science BuildingSomervilleMA2022-24$420 million
Sanofi USCambridge Crossing (“CX”) Grassroot Genetic Rare Disease R&D Laboratory Parcel GCambridgeMA2019-22$400 million
Vertex Pharmaceuticals IncorporatedBoston Jeffrey Leiden Center For Cell and Genetic Therapies Addition (Leiden II)BostonMA2023-25$400 million

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Massachusetts

CONSTRUCTION EMPLOYMENT

Industry Analysis:

Massachusetts

Pharmaceutical
Manufacturing

(NAICS = 325400)

Firms:

130

Employees:

10,451

Annual Wages:

$1.64 billion

Wages per Employee:

$157,313

Construction Labor Overview, 2019-2024

Pharmaceutical & Biotech Mfg and R&D

Total Labor Hours

(14 trades; installation and maintenance)

26,214,107

Union Labor Hours (est.)

(Estimated state union% in non-residential blue-collar construction trades = 50.7% )

11,338,069

Union Earnings (est.)

$526,008,261

Data Sources

Pharmaceutical and biotech industry data (projects, spending, labor hours demanded) from Industrial Information Resources (IIR). State industry employment data from the Bureau of Labor Statistics (QCEW) using the North American Industry Classification System (NAICS). State union percent in non-residential construction calculated by dividing union members in construction (unionstats.com) by blue-collar QCEW employment in nonresidential construction firms in 2019 (assumes union density equals zero in residential construction; blue-collar percentage from NAICS=23 using the BLS Occupational Employment Statistics series). Note: Pharmaceutical manufacturing industry statistics (above) do not represent the entirety of the pharmaceutical and biotech industry featured in this study. Most significantly, in addition to NAICS 325400 (“Pharmaceutical Manufacturing”), other industry jobs comprise a subset of NAICS 541700 (“Scientific R&D Services”).

Construction Labor Overview, 2019-2024

Pharmaceutical & Biotech Mfg and R&D

InstallationMaintenanceTotal
Boilermaker311,85713,906325,762
Carpenter1,327,582113,2651,440,848
Electrician7,777,628380,1688,157,796
HVAC Installers781,1736,656787,829
Instrumentation Tech4,697,888137,9934,835,881
Insulator692,59733,363725,960
Ironworker676,315109,340785,656
Laborer1,475,49542,5591,518,154
Millwright1,077,095125,6011,202,696
Operator1,699,55632,0171,731,573
Painting245,47731,569277,046
Plumber + Pipefitter3,243,80940,3723,284,181
Scaffolding562,34421,980584,324
Welder479,68376,819556,502
Total25,048,4991,165,60826,214,107

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