Page 28: of Marine Technology Magazine (September 2005)

28 MTR September 2005

Massachusetts houses 298 firms; Rhode Island has 74;

New Hampshire has 29; Connecticut has 61; and Maine boasts 19 firms.)

Most of the firms studied operate in international mar- kets; expect growth in terms of employment and sales and all stated that they do not want to move to another region of the country due to the benefits of being located near so many sources of skilled workers; to universities with whom to partner on new product development; and to all the cultural and economic benefits of being in the north- eastern part of the country.

The companies in this sector produce niche related products such as: current meters, tide gauges, underwater data loggers, remotely operated imaging systems, under- water vehicles, sonar systems, buoys, navigation equip- ment and communications gear. In addition, the sector includes numerous engineering, field, service and consult- ing firms.

The study also pointed to some of the more obvious areas for growth; specifically homeland security, large scale

Distribution of Marine Science and Technology Establishments, Eastern Massachusetts and Rhode Island.

Establishments Providing Marine

Science and Technology Products and

Services, 2004

Establishments Employment Sales ($m)

Massachusetts 298 18,152 3,330.6

Maine 19 10,909 883.5

Connecticut 61 10,831 1,169.1

Rhode Island 74 9,301 1,335.3

New Hampshire 29 6,754 1,079.3

New England 481 55,947 7,797.8 *Data in this table represent employment and sales for all companies provid- ing marine-related products and services, regardless of their level of involve- ment. Source: THE MARINE SCIENCE AND TECHNOLOGY INDUSTRY IN NEW

ENGLAND REPORT: D&B MarketPlace; author's survey

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