Boston, MA
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Boston is the capital of the Commonwealth of Massachusetts in the United States. It is the largest city of the region known as New England. Boston is one of the oldest, wealthiest, and most culturally significant large cities in the United States. Its economy is based on education, health care, finance, and technology.
The city lies at the center of the Boston CMSA (Consolidated Metropolitan Statistical Area), the seventh largest in the United States. The area encompasses parts of the states of New Hampshire, Maine, Rhode Island, and Connecticut. The city also lies at the center of Greater Boston, which also includes the cities of Cambridge, Brookline, Quincy, Newton, and many suburban communities farther from Boston.
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The local economy
Boston's colleges and universities have a major impact on the city and region's economy. Not only are they major employers, but they also attract high-tech industries to the city and surrounding region, including computer hardware and software companies as well as biotechnology companies like Millennium Pharmaceuticals, Millipore, and Biogen Idec. Boston receives the highest amount of annual funding from the National Institutes of Health of all cities in the United States.
Other important industries include financial services, especially mutual funds and insurance. Boston-based Fidelity Investments helped popularize the mutual fund in the 1980s, and has made Boston one of the top financial cities in the United States. The city is also the regional headquarters of major banks such as Bank of America and Sovereign Bank, and a center for venture capital. Boston is also a printing and publishing center. Textbook publisher Houghton Mifflin is headquartered within the city. The city is also a major convention destination with four major convention centers: the Hynes Convention Center in the Back Bay, the Bayside Expo Center in Dorchester, and the World Trade Center Boston and Boston Convention and Exhibition Center on the South Boston waterfront. Because of its status as a state capital and the regional home of federal agencies, law and government is another major component of the city's economy.
Major companies headquartered within the city include Gillette, owned by Procter & Gamble, and Teradyne, one of the world's leading manufacturers of semiconductors and other electronic equipment. New Balance Athletic Shoe, Inc. has its headquarters in the city. Other major companies are located outside the city, especially along Route 128. The Port of Boston is the largest and busiest seaport in Massachusetts. It is also a major seaport along the United States east coast as well as a major fishing port.
Source - Wikipedia: Boston, Massachusetts
Recent Boston business news
Links to recent headlines via Topix.net
- Phoenix deals WFNX; Layoff ax falls at station
- FNX 101.7 FM will lose its alternative rock format after Boston's Phoenix Media/Communications Group sells the 29-year-old radio station to Clear Channel Communications.
- Cambridge Bancorp Announces New Appointment to Board of Directors
- Mr. Lord is the managing director of LaunchPad Venture Group, a Boston-based angel group that focuses on seed and early-stage investments for technology companies.
- Review: Elvis Costello and the Imposters, at Birmingham Symphony Hall
- THE deep dark truth is that Elvis Costello, even after more than 40 years in show business, can send shivers down your spine.
- Montessori School celebrates 20 years
- The Montessori School of Angels located at 1180 American Legion Highway in Westport is celebrating their 20th year providing excellent Montessori education to students from pre-school to grade eight.
- Pakeen Farm on Elm Street
- Pakeen Farm is located at 109 Elm St. in Canton.A Just 20 minutes outside Boston, the Farm is 150 acres and owned by a family who started the farm in the 1800's. Owner Dave Bihldorff, along with his wife and mother, are carrying on the family tradition, yet with a new twist.
- Mayor Menino Announces S.P.R.I.N.G. Summer Violence Prevention Strategy
- Mayor Menino today joined Boston public safety, human services, and health officials to kick off S.P.R.I.N.G., an anti-violence strategy to get a jump start on stemming summer violence.
- Old Herald a new SWAT training site
- Richard Weir is the Herald's new "T" beat reporter, covering a subway and bus system that moves 1.3 million people every day and is the lifeblood of the city.
- City rides Seaport wave
- Boston Mayor Thomas M. Menino said he sees "great possibilities" to boost the Wharf 8 and Pier 7 sites as a destination on the Southie waterfront.
See also
External links
- Official website
- Boston squares
- Boston businessChamber of Commerce
- Boston public library
- Boston event calendar
