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2015 Business Profile
Economic Status
In 2013, Framingham’s commercial and industrial sector included over 2,260 businesses, generated, over 46,000 jobs, with a $3.5 billion payroll and an average annual wage over $74,000. 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 the economic downturn and have strong recovery from the recent recession. In December 2014, Framingham's unemployment rate at 3.8% was among the states lowest and is still significantly below the state (5.3%) and national averages (5.6%)2.   See Framingham mentioned in WIRED Magazine Online!

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)
2 Source: MERC, Framingham State College, and the Massachusetts Division of Unemployment Assistance

Regional Biotech Cluster