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| Tuesday, December 02, 2008 |
| Woo Hoo Boston's Number 2? |
MarketWatch's list of best metro areas for business has been released: Players shift, but Twin Cities still best for business and it looks like cold cities are gaining over sun belt cities. While Boston lost out to the twin cities (come on - two to one, how is that fair?!), we can be consoled by seeing which city dropped out of the top ten down to number 11... 2. Boston -- 302 points: Beantown was ranked fourth a year ago but moved up by 19 points due to better rankings in concentration of Fortune 1000 and S&P 500 companies, as well as small businesses. Boston also climbed the ranks in the jobless category but remained in the bottom 10 in population growth.
Among the local companies that boosted its rankings: PerkinElmer Inc. (PKI:PerkinElmer Inc PKI 16.51, -0.05, -0.3%) made it into the Fortune 1000, along with Beacon Roofing Supply Inc. (BECN:beacon roofing supply inc com BECN 11.03, -0.40, -3.5%) . And different metrics on jobless rates aided its rankings.
Like Minneapolis-St. Paul, Boston benefits from a workforce that's often been trained at the area's dozens upon dozens of higher-learning institutions, including the venerable Harvard University and the highly regarded Massachusetts Institute of Technology, as well as Boston University, the city's No. 4 employer.
That's helped the Hub City create a wide diversity of companies in health care, finance, higher education, high tech and tourism.
"It really is the skilled workforce that drives these industries," said Tim Sweeney, director of public policy at the Greater Boston Chamber of Commerce. "Having that balance [of firms] has really helped us to sustain the economy." |
| posted by Boston Gal @ 12:55 PM *
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Ha! That's where I'm moving!
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Ha! That's where I'm moving!