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%).
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:
Framingham’s key clusters include:
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%).
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:
- TJX Companies - The parent company for TJMaxx, HomeGoods, Marshalls, and A.J. Wright
- Bose Corporation - World-renowned audio technology company
- Staples Corporation - Worldwide office supply company
Additional major employers in Framingham include:
- Sanofi - More employees in Framingham than at any of their other locations
- Philips Lifeline - Medical device maker operates a large personal medical alert service from Framingham
- MetroWest Regional Medical Center - Major regional hospital including advanced cancer and cardiac care
- Framingham State University - Highly rated regional state university
Clusters
Framingham’s key clusters include:
- Biotechnology and Technology
- Genzyme
- Bose
- Medical (Supplies and Service)
- MetroWest Medical Center
- Lifeline
- Retail
- TJX Companies
- Staples Corporation
- Education
- Framingham State University
- Mass Bay Community College
1 Source: 2013 MA Division of Unemployment Assistance data and MetroWest Economic Research Center (MERC)