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MassVision2050: Generating Bold Ideas for Massachusetts’ Future

Massachusetts is home to world-class higher education and research institutions, renowned hospitals and health care systems, thriving start-ups and business enterprises, and pioneers across the innovation ecosystem. To maintain our position as a leader in the global economy and to improve economic opportunities and social mobility for all Massachusetts residents, we must look beyond the present and prepare for the future.

As we look ahead, the Commonwealth is confronted with numerous complex challenges, from the impact of emerging technologies to changing demographics and global economic shifts. These challenges are further exacerbated by the disruptive effects of Massachusetts’ deteriorating business environment and changes in tax policies, demanding collective action.

To stay ahead of these challenges and continue to thrive as a premier center of innovation, it’s crucial that we work together to understand the implications of these trends and develop strategies that will allow us to take advantage of new opportunities and elevate the quality of life for all Bay Staters.

That’s where MassVision2050 comes in.

Spearheaded by the Massachusetts High Technology Council, with support from Knowledge Partner McKinsey & Company and The MITRE Corp., MassVision2050 is a multi-year collaboration between private, public, and academic leaders to advance Massachusetts’ global economic leadership, focusing on key sectors that are likely to drive employment and economic growth in the coming decades. Supported in 2023 by Presenting Sponsors Azenta Life Sciences, Onto Innovation, and Putnam Investments, and Innovation Sponsors Analog Devices, Inc., IPG Photonics, PTC, and Suffolk, MassVision2050 aims to put Massachusetts at the forefront of global conversations and cross-industry collaboration on new technologies and their societal impact.

At its core, MassVision2050 is fueled by a holistic vision, striving to accelerate capital investment and job creation, expand economic opportunities, and enhance social mobility. This initiative aspires to establish a comprehensive framework for Massachusetts’ future prosperity by providing solutions that create economic opportunities for residents that ensure all Bay Staters thrive as emerging technologies enhance existing industries, drive new ones, and spur investment and growth.

MassVision2050 operates through three core workstreams:

Innovation Sector Fact Packs

Data-Driven Insights & Growth Opportunities

A first-of-its-kind analysis was conducted to determine market size, talent needs, and growth opportunities for nine crucial innovation sectors, including AI, FinTech, Cybersecurity, Life Sciences, and Semiconductors. Experts from nearly 30 organizations representing every corner of the innovation ecosystem have come together to form MassVision2050 working groups, with a goal to publish fact packs that provide actionable recommendations and “blueprints” for growth and development in each sector.

The Engaged Workforce

Talent Strategies & Workplace Culture

The demand for skilled, job-ready talent cuts across every sector. MassVision2050 brings together stakeholders from business, education, and government to develop business/education partnerships and talent strategies that address persistent skills gaps and make opportunities more accessible to Massachusetts residents.

Mass. Opportunity Alliance

Correlation Between a Competitive Business Climate & Quality of Life

In parallel with the development of sector fact packs and talent strategies, MassVision2050 will help launch a sustained statewide campaign to defend and strengthen the Massachusetts business climate to ensure long-term economic success and prosperity, promote social mobility, and enhance economic opportunities for all in the Commonwealth.

Get Involved

We invite you to join us in strategizing for the future. Please contact Chris Anderson for more information.

Join us in Strategizing for the Future.