Anchoring the Innovation Economy of the Greater MetroWest Region, Framingham boasts a highly skilled labor force, an impressive average wage, and a diversified economic base. To better understand these aspects of our community, the Town's Economic Development Industrial Corp. (EDIC) teamed with Framingham State University's MetroWest Economic Research Center (MERC) to conduct an in depth review of employment within the municipality.
Among the key facts that this report shed light on:
In 2013, Framingham’s 2,260 establishments generated 46,620 jobs.
80% of these jobs were centered around the Town's six major economic sectors:
Professional & Business Services
Education & Health
Trade, Transportation, & Utilities
That same year, townwide payroll amounted to $3.5 billion, producing a record average annual wage of $74,700.
This average annual wage exceeded the Greater MetroWest (GMW) average wage by 6%, the Massachusetts average wage by 21%, and the U.S. average wage by 50%.
In 2013, Framingham contributed one-quarter of GMW’s employment and payroll and 22% of GMW’s establishments.
On June 25th, the Town released the employment report before a packed house at the Sheraton-Framingham. Included in the program:
An introduction by Art Robert, Framingham's Head of Community & Economic Development
A presentation on the report's findings by Maureen Dunne, MERC's Director & a professor of economics at Framingham State University (FSU)
And lastly, a panel discussion moderated by EDIC Chair Mike Gatlin & consisting of State Senator Karen Spilka, Town Manager Robert Halpin, FSU Chairman Joseph Burchill, & local entrepreneur & CEO George Sakellaris.
Interested in learning more? Find the full report, the executive summary, and the slide show presented during the report's release at the EDIC's webpage!