Mayor Menino Releases Results of Innovation District Jobs Report
More than 200 companies and 4,000 jobs added in three years
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For Immediate Release
March 01, 2013
Released By:
Mayor's Office
For More Information Contact:
Mayor's Press Office
Press.Office@cityofboston.gov

Mayor Thomas M. Menino today released results of an Innovation District jobs report showing more than 200 new companies and 4,000 new jobs have moved to the District since it was launched in January 2010. The growth is spread across a variety of business sectors with a diverse range of small, mid-scale, and large companies. Innovation District expansion will continue with more than 2,500 new jobs already announced. Today’s report (attached) was developed in coordination with the Boston Redevelopment Authority and details Innovation District job growth and companies arriving since 2010.

“Dynamic companies want to be part of Boston’s innovation community, and part of our larger community,” Mayor Menino said. “They want to make contributions to the community through their expertise, time, and resources. I have never in 20 years been more optimistic about Boston’s future. We are setting trends, not following them.”


Report Highlights

New Jobs:

-      Technology companies have contributed 30% to new job growth

-      21% of new jobs are in creative industries like design and advertising

-      Greentech and life sciences are growing, with 16% of new jobs in these areas

New Companies:

-      Of the new companies 11%  are in the education and non-profit sectors

-      40% of new companies are sharing space in co-working spaces and incubators

-      25% of new companies are small scale with 10 employees or less

More Jobs on the Way:

-      Many other companies have announced plans to join the Innovation District community and will add another 2500+ jobs to the neighborhood by 2016.

 

The Innovation District is Mayor Thomas M. Menino’s initiative to transform 1,000 acres of the South Boston waterfront into an urban environment that fosters innovation, collaboration and entrepreneurship.

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