April 2015 - A study commissioned by the New England Council points to one sector of the economy where there is great potential for job growth. The study, conducted by Deloitte Consulting LLP, explores prospects for growth and expansion within the region’s advanced-manufacturing sector. Perhaps one of the document’s most compelling findings is that there is still tremendous potential for growth in this lucrative field.
“In fact, with a renewed focus, about 8,000 new jobs with average salaries of $80,000 could be created in the region each year. This sector of New England’s economy is ready to roar, if only we unleash its potential. . . . Employers are actually struggling in some cases to fill high paying jobs, with an estimated 3,000 to 4,000 advanced-manufacturing positions in New England left unfilled at one recent point. Subsequently, vibrant industries that could help fuel our region’s economic resurgence are impeded from reaching their full potential.”