Listed among the world’s top 30 cities, Boston today is considered a nexus of education and culture. The city’s regional economy arises from Boston’s eight, internationally recognized colleges and research universities: Boston College, Boston University, MIT, Harvard, Northeastern, Tufts, Brandeis, and the University of Massachusetts Boston. These iconic educational establishments bring up to 350,000 college students to the city each year. These students contribute up to 4.8 billion to the city’s economy.
However, Boston is also a major center for biotechnology, life sciences, and technology companies. Biotechnology, in particular, is a major player in Boston’s reputation. The city boasts up to 30,000 scientists, all working within biotechnology, pharmacy, and clinical research there are also 4 medical schools and 16 teaching hospitals in the area. Unsurprisingly, this means Boston receives the most funding from the National Institutes of Health of all the United States’ cities.
Despite many years passing and the city becoming more high-tech, Boston’s port continues to perform as a major trading and manufacturing hub and Boston’s ‘Route 128 corridor’ is one of the world’s leading tech centers. A great multitude of different industries are based there, such as cancer research robotics, nanotechnology, venture capital, and cloud storage are just some of them. There are also not one, but two Fidelity Investments branches (a financial service business) is located in Boston. One in the Financial District, and another in the Fenway neighborhood.