May 11, 2021
Business News

Boston’s Longwood Medical and Academic Area a Critical Massachusetts Economic and Job-Creation Engine, New Report Shows

BOSTON–()–A new report analyzing economic development in the Longwood Medical and Academic Area shows Longwood now has one of the highest concentrations of jobs in Boston, increasing by nearly 30%, or nearly 15,000 jobs, in only 10 years, double Massachusetts’ growth rate during the same period. Employment in Longwood reached a historic high of nearly 68,000 jobs, exceeding other prominent hubs, such as Kendall Square and the Seaport, by 32 percent and 80 percent, respectively.

Fueling the state’s economic growth, Longwood drives $30 billion in business revenues in Massachusetts and supports $18 billion of the gross state product. The small, dense area creates jobs and economic activity in every community…

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