Boston is considered one of the top places in which to do business in the United States. Major industries include finance, high-technology research and development, tourism, medicine, education, commercial fishing, food processing, printing and publishing, and government.
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What is the major industry in Boston?
The most significant industry sectors among Boston’s largest employers are Health Care, Finance and Insurance, and Higher Education. These three industries account for approximately 74% of all employment in Boston’s largest employers, or roughly 142,000 jobs across 61 companies.
What is Boston’s main source of income?
The US average is 4.6%. – The average income of a Boston resident is $34,770 a year. The US average is $28,555 a year.
Income and Salaries for Boston.
| ECONOMY | Boston, Massachusetts | United States |
|---|---|---|
| Mining, quarrying, oil and gas extraction | 0.0% | 0.6% |
| Construction | 3.3% | 6.2% |
| Manufacturing | 4.4% | 10.4% |
| Wholesale trade | 1.4% | 2.7% |
What are 3 major industries in Massachusetts?
The leading industries in Massachusetts include biotechnology, maritime trade, engineering, information technology, finance, tourism, as well as higher education.
What is Boston famous for?
Boston is best known for its famous baked beans, Fenway Park, The Boston Marathon, and of course for the bar from Cheers, but dig a little deeper below the surface and you’ll find a surprising wealth of things that make Boston one of the best cities in America—and the world.
Who is the largest employer in Boston?
Mass General Brigham
Ranked by Total Mass. employees
| Rank | Company/Prior rank (*unranked in 2020)/ | Total employees companywide |
|---|---|---|
| 1 | Mass General Brigham 800 Boylston St. Boston, MA 02199 617-278-1000 massgeneralbrigham.org | 76,267 |
| 2 | Beth Israel Lahey Health 20 University Road Cambridge, MA 02138 bilh.org | 28,436 |
What is Boston economy?
Boston’s economy grew by 2.9 percent from 2016 to 2017 as measured by Gross City Product (GCP), continuing an upward trajectory in GCP since 2013. Per capita income for Boston residents grew by 5.0 percent to $42,000. Unemployment. The annual unemployment rate in 2018 was 3.4 percent, the same as in 2017.
What is the main economy of Massachusetts?
Economy of Massachusetts. The economy of Massachusetts today is based largely on technological research and development and the service sector (including tourism).
Is Boston a major city?
Today Boston is a major city with a population of about 685,000 inhabitants (in 2017). Boston is the core city of the Greater Boston metropolitan area with a population of 4.8 million people.
What are people from Boston called?
Boston
| Boston, Massachusetts | |
|---|---|
| Demonym(s) | Bostonian |
| Time zone | UTC−5 (EST) |
| • Summer (DST) | UTC−4 (EDT) |
| ZIP Codes | show 53 ZIP Codes |
What is Massachusetts known for producing?
Massachusetts’ most valuable crops include greenhouse and nursery commodities, making up over one third of the state’s total agricultural production, followed by cranberries, sweet corn and apples. The most valuable livestock products of the Bay State are dairy products.
What is Massachusetts most known for?
One of the original 13 colonies and one of the six New England states, Massachusetts (officially called a commonwealth) is known for being the landing place of the Mayflower and the Pilgrims. English explorer and colonist John Smith named the state for the Massachuset tribe.
What are the major industries in New England?
New England exports food products, ranging from fish to lobster, cranberries, Maine potatoes, and maple syrup. The service industry is important, including tourism, education, financial and insurance services, plus architectural, building, and construction services.
Is Boston worth living in?
Boston is a great place to live, work, study, and raise a family. There is a vast array of arts, culture, and shopping destinations. There’s also a wide variety of restaurants, outdoor activities, and historical sites to see.
Is Boston diverse?
Over the last four decades, Boston has become a much more racially and ethnically diverse place. In 1970, close to 70% of Boston’s population was white. Today, whites comprise only 47% of the city’s population, making Boston a “majority-minority” city for the second consecutive Census.
What is Boston known for culture?
Boston was, and is still, a major destination of Irish immigrants. Irish Americans are a major influence on Boston’s politics and religious institutions and consequently on the rest of Massachusetts. Many consider Boston a highly cultured city, perhaps as a result of its intellectual reputation.
What big companies are based in Boston?
Top Companies in Boston, MA Area
- HubSpot. 4.7. LocationBoston, MA Area.
- MIT. 4.5. LocationBoston, MA Area.
- MathWorks. 4.4. LocationBoston, MA Area.
- Boston University. 4.3. LocationBoston, MA Area.
- Harvard University. 4.4. LocationBoston, MA Area.
- Northeastern University. 4.4.
- Fidelity Investments. 4.2.
- Dana-Farber Cancer Institute. 4.1.
Who are the largest manufacturers in Massachusetts?
Largest manufacturers in Massachusetts
| Name | Local employees | |
|---|---|---|
| 1 | Dell Technologies (EMC Corp.) 176 South St., Hopkinton 01748 508-435-1000 www.emc.com | 8,800 statewide |
| 2 | IPG Photonics Corp. 50 Old Webster Road, Oxford 01540 508-373-1100 www.ipgphotonics.com | 1,750 |
What are major businesses?
The Top 10
- 1Walmart.
- 2Amazon.
- 3Apple.
- 4CVS Health.
- 5UnitedHealth Group.
- 6Berkshire Hathaway.
- 7McKesson.
- 8AmerisourceBergen.
How white is Boston?
Table
| Population | |
|---|---|
| Persons 65 years and over, percent | 11.5% |
| Female persons, percent | 52.0% |
| Race and Hispanic Origin | |
| White alone, percent | 52.8% |
What is Boston known for food?
Any trip to Massachusetts for Boston food should include at least one of these signature dishes.
- Clam Chowder. Settlers introduced clam chowder to New England in the early 18th century | © Aaron Bastin / Alamy Stock Photo.
- Lobster Rolls.
- Cannolis.
- Baked Beans.
- Fish and Chips.
- Boston Cream Pie.
- Oysters.
- Fenway Frank.
