With the core cities of Greater Boston attracting young millennials, and aging suburban baby boomers seeking housing more appropriate to their status as empty-nesters, smaller housing units in both urban and suburban areas are becoming fashionable. Yet Boston and the region’s core cities have an undersupply of multi- unit housing while suburban communities increasingly have an oversupply […]
Summary from Barry Bluestone: In this Issue Brief I introduce a measure that estimates the factors that influence firm location choice in U.S. cities. I then investigate which of these factors may best explain the variance in employment trends across a select set of Massachusetts municipalities: the small and mid-sized post-industrial Massachusetts cities that the […]
Cities and towns that fail to retain and attract business are prone to decline, distress, and poverty. Detroit is today’s most familiar example, but some formerly prosperous industrial cities in New England also are struggling with disinvestment and job loss. What can such communities do to boost their chances of an economic renaissance? Regions with […]
Massachusetts’ economy grew at a good clip in the first three months of the year, even as economic growth nationally nearly ground to halt, according to state and federal economic reports released Wednesday.
The state’s economy expanded at an annual rate of 2.6 percent between January and March, according to the University of Massachusetts and the Federal Reserve Bank of Boston. The national economy barely grew at all during that period, expanding at a rate of 0.1 percent after growing 2.6 percent at the end of last year, the US Commerce Department reported.