According to a new article in the Christian Science Monitor, the United States is on the cusp of something great –
As the United States emerges from the worst recession in 80 years, a new economy is taking root that will help create the next tier of powerhouse cities in America. Just as the Industrial Revolution of the late 1800s and the Information Age of the past 40 years helped shift the urban and regional balance of power in the US, forces are now at work that will shape who prospers in the economy of tomorrow.
No one yet knows the exact contours of the New Economy. It is more Monet than Rembrandt. But experts say that certain characteristics are already visible on the canvas that will give cities advantages in attracting new jobs and industries.
And what cities are best-equipped to take advantages of this ‘New Economy’? Well, one of them is good ol’ Boston, Massachusetts.
“We have engineers who have come out of Harvard, MIT, WPI,” Haber says. “Having that brainpower available and the ability to hire from these great institutions is a great base for us.”
That’s why many economists say Boston will continue to do well in the future. According to an analysis released last year by the Atlanta Regional Council for Higher Education, Boston leads the country with the greatest number of physical science degrees awarded every year and is in second place for degrees in engineering and biological sciences.
Educational services, together with the healthcare sector, provide jobs for more than a fifth of Boston-area workers.
Given changing demographics, the area seems on the verge of future and continued prosperity.
Related posts:
- Mortgage loan delinquencies rise but at lower rate, MA does well
- Hooray! Economy improves! REJO … wait, what? Mtg rates skyrocket.
- Boston: We’re #4! – MA owners have high-level of equity in their homes
- Greater Boston home sales in 2010 see uneven data results
- Detroit: um, yeah, things are different there (and, in NYC, too)
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