Business Profile

Economic Status
In 2015, Framingham’s commercial and industrial sector included over 2,450 businesses, generated, over 49,500 jobs, with a $3.7 billion payroll and an average annual wage over $75,500. This represents 26% of the total employment in MetroWest and almost 27% of the total MetroWest payroll1. Framingham’s diverse commercial clusters have helped it weather recent economic downturns and show robust growth. In May 2018, Framingham's unemployment rate at 3.3% was among the states lowest and is still below the state (3.5%) and national averages (3.9%).

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Who Chooses Framingham?

Framingham counts a number of world-class names among those who have chosen to do business in Framingham.

Framingham is the world headquarters for:

Additional major employers in Framingham include:

Clusters


Framingham’s key clusters include:
  • Biotechnology and Technology
    • Genzyme
    • Bose
  • Medical (Supplies and Service)
    • MetroWest Medical Center
    • Lifeline

1 Source: 2013 MA Division of Unemployment Assistance data and MetroWest Economic Research Center (MERC)

map with white background and blue dots designating biotech companies between boston and worcester