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FAST FACTS
Population
6,349,097
2000 U.S. Census Bureau
Land area
7,838 sq. miles
2000 U.S. Census Bureau
Capital
Boston
Municipalities
351
Miles of Highway
34,725
2000 MOBD
Miles of RR
1,246
2000 MOBD
Miles of Coastline
1,980
2000 MOBD
Deepwater Ports
6
2000 MOBD
Airports
47
2000 MOBD
Labor Force
3,369,000 (2002)
Bureau of Labor Statistics
Median age
36.5 years
2000 U.S. Census
HS graduates
85.1%
2000 U.S. Census
BA/BS or higher
32.7%
2000 U.S. Census
Accredited Colleges & Universities
122
2002 MOBD
KEY INDUSTRIES
Advanced Materials
Biotechnology
Education & Research
Electronics
Environmental Technology
Fabricated Metals
Financial Services
Health Services and Medical Technology
Ind. Machinery & Equip.
Information Technology
Paper
Photonics
Plastics
Software
Telecommunications
Textiles & Apparel
Tourism
TOP 25 PUBLIC EMPLOYERS IN MA
1. Charles River Laboratories International Inc.
2. TJX Cos.
3. Perini Corp.
4. Investors Financial Services Corp.
5. Gillette Co.
6. Staples Inc.
7. Onesource Information Services
8. Reebok International Ltd.
9. Bright Horizons Family Solutions Inc.
10. State Street Corp.
11. DeWolfe Cos.
12. Independent Bank Corp.
13. Talbots Inc.
14. Kronos Inc.
15. Yankee Candle Inc.
16. Eaton Vance Corp.
17. Haemonetics Corp.
18. Lifeline Systems Inc.
19. Biogen Inc.
20. Cabot Corp.
21. Millipore Corp.
22. Dynamics Research Corp.
23. CCBT Financial Cos.
24. J. Jill Group
25. Designs Inc.
[Source: The Boston Globe, 2002]
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The Massachusetts Advantage
Massachusetts was the birthplace not only of the American Revolution, but also the cradle of the Industrial Revolution in the United States. The Commonwealth has a long and distinguished tradition of ingenuity, innovation and entrepreneurship that makes it an ideal location for conducting business. Today, Massachusetts offers businesses the following unique advantages:
Education
Massachusetts has produced half of all the Nobel Prize winners in the country
Massachusetts consistently ranks first among all states in highest concentration of colleges and universities science and engineering graduates
Massachusetts ranks 2nd overall in university research and development
Innovation
The 2004 Index of the Massachusetts Innovation Economy
demonstrates Massachusetts' leadership in the innovation
economy.
One of the nation's largest R&D tax credits.
#1 in the nation for Small Business Innovation Research [SBIR] grants.
Total R&D expenditures nearly 3 times greater than the national average.
Location
Nearly half the population of the United States within a 12 hour drive.
One travel day closer to Europe than other major U.S. ports.
Only a one hour flight from 40% of the U.S. market & 67% of the Canadian market.
Business Environment
The
2004
Development Report Card for the States
published by the
Corporation for Enterprise Development, is an objective and comprehensive analysis of the various state business climates. The Report Card, used extensively by both state and corporate decision makers, illustrates that:
Massachusetts earned a place on the Development Report Card
Honor Roll for the
4th consecutive year. Massachusetts is the only state in the northeast and the only large industrial state to earn this distinction.
Massachusetts ranks #1 for the state with the nation's best Innovation Assets, determined by available P.h.D.s, scientists, and engineers, federal and state R&D investment, patents issued, etc.
Massachusetts ranks #1 for the highest college attainment rate in the nation.
Massachusetts received a grade of "A" for
Performance, Development Capacity and Business Vitality.
Massachusetts ranks #1 for both the number of high-technology companies per capita and the level of venture capital investment.
In addition to these assets, Massachusetts has an extensive business support network,
a pro-business government, and
regions with distinct competitive advantages.
Let us help your business grow in Massachusetts!
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