Economy of Boston

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Economy of Boston
	The economy of Boston is growing by leaps and bounds. There is an unprecedented growth in the economy of Boston. Boston has a plethora of industries like finance , information technology , bio -technology , hospitality , real estate etc . Boston is one of the most popular tourist destinations throughout the world. The spurt of hospitality industry owes its allegiance to the plenitude of tourists who flock to Boston . Hospitality industry is responsible for raking in maximum amount of revenue for Boston . The finance industry in the form of banks , shares , insurance are also responsible for the tremendous progress of Boston's economy. The bio- technology industry of Boston is revolutionizing the economy of Boston by generating huge employment opportunities .
Boston has achieved enormous progress in the information technology sector also which rakes in huge amount of revenue. Boston is the home of many renowned universities as a result of which it produces a pool of skilled work force who can easily grab a job . Food processing and educational institutes also creates a lot of job opportunities . There is a paradigm shift in Boston from the manufacturing sectors to the service sectors .Service sectors are jingling the cash registers of Boston's economy thereby ushering unprecedented growth. Some of the products which are manufactured in Boston are defense equipments , computers , medical equipments etc. Boston Chamber of Commerce plays a pivotal role in providing support to the business entrepreneurs . Boston Chamber of Commerce devises various strategies to provide support to the business fraternity. The association even conducts various programs to enhance the efficiency and yield of the business houses in Boston . It even address the Government to bring about a change conducive to the economy of Boston . The per capita income of Boston is high . Some of the companies in Boston are Teradyne, Gillette etc . Boston port is one of the busiest ports in America which also generates revenue for Boston . Merck , Biogen are some of the renowned companies in the bio-technology sector.

Boston Economy

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