Page 27: of Marine Technology Magazine (September 2005)

www.seadiscovery.com Marine Technology Reporter 27

The Marine Science and Technology Industry in New

England. The prime objective of the study was to develop awareness of the size and impact of this industry in

Massachusetts and the New England region. This study has laid a strong foundation for much more work to come.

Clyde Barrow, Director of UMass Dartmouth Center for Policy Analysis, led the study team. "This is the one of the best industry analyses that I have ever completed.

Because of the funding and the collaboration with indus- try, we were able to take the time to create an industry database from the bottom up. We were able to combine a variety of databases to build a true profile of the industry."

The study has enabled the business research community to begin to describe the many facets of the sector.

According to one of the three authors, The Donahue

Institute's Rebecca Loveland, "From a business research point of view there was not a lot of literature on the marine science and technology industry per se. There was little to no quantitative data available on this very special- ized industry. To make matters more challenging, the equipment produced by companies in this industry could not be found directly in any regular business database."

The Results

The report states that in 2004, 481 firms in the marine science and technology cluster directly employed more than 39,000 people in New England and produced annu- al sales worth over $4.8 billion. (For the record,

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