Jobs in Springfield, Massachusetts: understanding and remedying the causes of low resident employment rates
As part of the Federal Reserve Bank of Boston's commitment to supporting efforts to revitalize the economy of Springfield, Massachusetts, this paper explores the causes of and potential remedies for the city's low resident employment rates. When compared to the state as a whole and to other midsize New England cities, the share of employed city residents is low, particularly for residents of downtown Springfield and its nearby neighborhoods. By analyzing the availability of jobs across Springfield's various neighborhoods and in nearby towns and cities, this paper's goal is to learn why so few ...
Toward a more prosperous Springfield : a look at the barriers to employment from the perspective of residents and supporting organizations
Compared to the city, the region, and the state, labor force participation rates in Springfield's downtown and surrounding neighborhoods are very low. Residents and community leaders have expressed concerns about the employment prospects for the low-income residents that make up these neighborhoods. The purpose of this discussion paper is to highlight the perspectives of residents and community-based organizations on why so few residents of Springfield?s downtown neighborhoods are employed and to look at the some of the resources available to Springfield residents to help them address ...
University-community partnerships: 2006 Worcester speaker series
Over the last decade, partnerships between colleges and universities, government, and businesses have helped foster economic development in the city of Worcester, Massachusetts. In 2006, the Worcester UniverCity Partnership, a coalition of private and public sector organizations working with colleges, in collaboration with the New England Resource Center for Higher Education, organized a speaker series aimed at promoting the depth and impact of university-community partnerships in the city. This report provides highlights from the 2006 Worcester Speaker Series, discusses the history and ...
Focus on high-tech: what's in a name?: gauging high-tech activity
The Boston metro area fares well when assessing a regions high-tech capacity by its share of scientific and technical occupations.
The economic performance of the New England states in 2001: an overview
The year 2001 marked the end of a ten-year economic expansion for the nation and New England. Both the recession that began in the first quarter of 2001 and the terrorist attacks of September 11 weakened the region's labor market, which had built strength in the 1990s and through 2000. Employment in nearly all of the region's states and major industries declined in 2001, while unemployment became more widespread. Furthermore, the value of exports dropped across most major industries and destinations. The region's residential real estate market remained robust, however, as prices increased ...
Letter from Brockton, Massachusetts
True, the factories and machine shops that gave this place the nickname "City of Shoes" are long gone, but Brockton still has a thing or two going for it.
Building a workforce from preschool up: a western Massachusetts commitment
With the western Massachusetts economy struggling in 2005, area leaders formed the Berkshire Compact to develop solutions. As the cornerstone of a comprehensive plan, members are pursuing efforts to interest children at younger ages in higher education.
Massachusetts employment growth 1996–2006: effects of industry performance and industry composition
This brief examines the effects of industry performance and industry composition on overall changes in Massachusetts employment in the period 1996 to 2006. Through 2000, Massachusetts enjoyed strong economic expansion. Around the time of the nationwide recession of 2001, however, the Massachusetts economy experienced a relatively severe setback, and the state has yet to regain as many jobs in the ensuing expansion as it lost in the downturn. ; The study finds that Massachusetts industries generally experienced slower employment growth than their national counterparts in the early 2000s. The ...
The economic performance of the New England States in 2002: an overview
Following a weak performance in 2001, New England's economy continued to struggle throughout 2002. The region faced faltering employment levels, rising unemployment, and escalating consumer prices. Economic uncertainty was reflected in dwindling consumer confidence. Despite a rather gloomy labor market, New England's residential real estate and export markets flourished.
Lessons from resurgent cities
In 2008, the Federal Reserve Bank of Boston began a project to help reinvigorate the city of Springfield, Massachusetts. This cross-departmental initiative uses the Boston Fed's research and convening capabilities to complement the efforts of other organizations dedicated to improving economic and social conditions in New England's fourth-largest city. As noted in an earlier joint Federal Reserve-Brookings Institution study, Springfield has one of the highest rates of concentrated poverty in the country: one-third of the city's poor live in neighborhoods where poverty rates exceed 40 percent. ...