Why Boston is Great: Reason #9
We just added a 9th awesome reason to our Why Boston Is Great page- check it out and let us know what you think! Have any other reasons to add to the list? We would love to hear them! Click the link below to see our top nine reasons why you should stay in Boston!
#9. Massachusetts' Economy
According to a new article in EconPost, Massachusetts has been the best state for the new economy for five years running. To read their article, click here! There rationale is quoted below:
"The state of Massachusetts has been able to hold on to first place the last five times this report has been published with its concentration of; software, hardware, and biotech firms, which are ably supported by world-class universities such as MIT and Harvard in the Route 128 region around Boston, according to the [economists'] report.
The 2010 New Economy Index by the Kauffman Foundation and the Information Technology and Innovation Foundation, a technology think tank, looked at many factors that help states compete in the global economy. These factors include managerial, professional and technical jobs, workforce education, foreign direct investment, IPOs, immigration of knowledge workers and a host of others.
Massachusetts survived the early 2000s downturn and was less hard hit than the nation as a whole in the last recession, because it is better equipped to compete in the new economy. Furthermore, the state has continued to thrive, enjoying the fourth-highest increase in per-capita income."