Find Out More About the Boston, Brookline and Newton Area Economy & Job Market 

Boston’s robust economy is a hub for all of New England. Primarily focused within the finance, education, technology, health care and service industries, Boston offers a broad spectrum of employment. The city's unique cultural and historic heritage makes it a center of tourism, and its hotel industry ranks among the highest in the nation in occupancy. Boston's other businesses are in high technology, biotechnology, software, and electronics. CVS Pharmacies, Genzyme, John Hancock Mutual Life Insurance, New England Financial, Putnam Investments, Raytheon, Staples, Gilette and Verizon are some of the leading corporate employers in the region.
As a national leader in educational, science and health care industries, Boston is known for its ingenuity and knowledge. These industries are important because they are “recession resistant” showing strength and growth even in times of economic contraction. For the eighth straight year Boston emerged as the nations leading city for National Institutes of Health grant awards, receiving a total of 3,269 awards amounting in more than $1.2 billion in 2001. Massachusetts General Hospital, Beth Israel Deaconess Hospital, Bringham and Women’s Hospital, are among the leading health care institutions in Boston. Boston College, Boston University, Brandeis, Harvard, MIT, Northeastern, Tufts, and U-Mass Boston compose the region’s 8 research universities and provide an important source of jobs in Massachusetts.  

Boston has been rightfully called the “Walking City.” Not only does everything seem to be walking distance away from where you are, but the city does an excellent job of making the city pedestrian-oriented. Referred to as Transit Oriented Development, Boston and the surrounding communities are actively involved in creating localized, efficient development projects situated near public transportation stations and routes. Local economies benefit from the business generate by the creation of community sub-centers located near stations. In turn, such developments better the community by providing affordable housing developments, reducing traffic and congestion, reducing pollution and reducing household spending on transportation. Transit Oriented Development is one example of how the Greater Boston community is seeking to bring a mutually beneficial relationship between the residents and business.  

The following resources are provided for more information regarding the local economy: 

Boston Redevelopment Authority 

Boston Business Journal 

Greater Boston Chanmber of Commerce 

Massachusetts Alliance for Economic Development 

U.S. Census Bureau 

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