Boston, MA

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.

1 The local economy
2 Recent Boston business news
3 See also
4 External links

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

Tribute tomorrow for beloved horse enthusiast: In the last three decades of his life, Charles Lane made aspiring horse owners' dreams come true by offering lay-away payment plans to who those who loved the animals but were restrained by tight budgets from ...
Doubts heard on FBI's effort to catch Bulger: In order to get James ``Whitey'' Bulger's longtime girlfriend to cooperate with the FBI, agents told her that Bulger might kill her for knowing too much.
Flemmi details favors from FBI: On the witness stand in federal court yesterday, gangster-turned-informant Stephen Flemmi explained for the first time how his longtime criminal sidekick James ``Whitey'' Bulger was able to leave town before ...
Introducing John Martorano: His name is John Martorano, and while he may have murdered more people over the course of his career as a huge gangster than get killed in the first 27 minutes of ``Saving Private Ryan,'' he is regarded today ...
Truth is, his life included a little fiction: Traffic jams inspire some people to curse, complain or lean on their horns. A nasty traffic jam inspired Howard Hoyt Hilton to become a popular author of mystery novels.
Mel Walsh: Letting freedom reign: Some day you and I will be over the hill. And I say, better over the hill than under it.
Police seeking four suspects in possible hate crime attack: Four friends were ambling home from a night out at a South End nightclub when they suddenly found themselves under attack by a group of men who beat them and hurled homophobic slurs at them, according to the ...
New England Mafia now gang that can't loot straight: The New England Mafia just is not what it used to be. In what would be an unusual move for a man of his rank, the family's reputed underboss, Carmen "The Cheese Man" DiNunzio, is accused of personally ...