With a population of nearly 70 thousand calling it home and over two thousand establishments operating within its boundaries, it's no surprise that Framingham plays host to a diverse and highly skilled labor pool! To better understand this vital aspect of our community, the EDIC partnered with FSU's MetroWest Economic Research Center to conduct an in-depth review of employment across the City.
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 City's six major economic sectors:
Education and Health
Professional and Business Services
Trade, Transportation, and Utilities
That same year, citywide 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.
Interested in learning more? Find the full report, the executive summary, and the slide show presented during its release attached below.