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Development magazine ranks Framingham near the top in nation for job growth

Posted by Jaclyn Reiss  July 24, 2013 10:30 AM

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A magazine that counsels companies on development site selection ranked Framingham as one of the highest in the nation this summer for job growth and economic development.

Framingham ranked number nine on Area Development Magazine's "Leading Locations for 2013" list - a spot that puts Framingham top in the Northeast, and four spots ahead of the Boston/Cambridge/Quincy area.

The list comes from an analysis of economic and work place data for 380 metropolitan areas both during the past two years, and during the recession.

"The goal was to identify which cities across America are emerging from the recession as economic front-runners -- and why," the article says.

According to the article, Framingham's high quality of life, proximity to Boston, and well-educated workforce makes the town a strong candidate for company locations. The magazine also recognized Framingham as home to many corporation headquarters already, such as TJX, Staples, and Bose, as well as many up-and-coming biotechnology and manufacturing firms.

The magazine also lauded the two higher education campuses in town - Framingham State University and Massachusetts Bay Community College - for simultaneously serving as active partners with local businesses and supplying the area workforce with students and new graduates. It especially focused on Framingham State expanding its science and technology programs, which leads to higher salaries and less unemployment.

Framingham was also touted for its spot on CNN Money Magazine's "Best Places to Live" study in 2012.

The Boston area followed Framingham closely on the list at number 13, with nods to its recent spate of development along South Boston's waterfront. The magazine also lauded Boston for its highly skilled labor force - second only to San Diego for its 75,000 workers in the pharmaceutical, biotechnology, and medical device industries - and 22 hospitals and 34 colleges as anchors in the city's economy.

Area Development Magazine is an executive magazine covering corporate site selection, relocation and facility planning. The magazine is published bi-monthly and has more than 45,000 executive subscribers, according to its website.

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Jaclyn Reiss can be reached at jaclyn.reiss@globe.com

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