Business Chief US+CAN Magazine November 2019 | Page 77

CLICK TO WATCH : ‘ LOOK TO BOSTON – CITY OF BOSTON ’ 77
Over the past few decades , Boston ’ s employment scene has shifted from the traditional labor-intensive job to those in technology and service . These changes have been facilitated by structural management . The Office of Business Development in Boston offers support for small businesses in the city , from facilitating loan acquisition to referrals , allowing them to thrive . According to the Boston Chamber of Commerce , there are over 40,000 small businesses in the city , employing 170,000 people and generating $ 15 bn in annual revenue . With the induction of
the Innovation District into the South Boston Waterfront , Boston has become a hub of financial and research institutions and tech incubators . According to the Boston Planning & Development Agency Research Division , May 2018 , companies that have been attracted to Boston include : General Electric , Reebok and Amazon , as well as many new cybersecurity and biotech startups . Strong in the financial and insurance sphere , Boston sees a large number of its residents working at State Street Bank , Fidelity Investments , Liberty Mutual and John Hancock .
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