America's Growth Cities
Healthcare, Education, Technology
The top three employers in Boston, Massachusetts are Mass General Hospital, Brigham and Women’s Hospital, and Beth Israel Medical Center. The healthcare industry overall contributes 42% of Boston’s jobs, a healthy environment for medically-trained EB-5 investors to consider when deciding where to make their American home.
Two other thriving sectors providing jobs for Bostonians, and which should also be explored by EB-5 investors, are education and technology, which combined are the subsector known as EdTech.
Boston’s position as a medical and technology center comes in large part from the research and teaching of more than 100 colleges and universities in the Greater Boston area, Harvard and MIT among them. More than 250,000 students attend college in Boston and Cambridge. This access to young talent plays a major part in the region’s commercial vibrancy.
Boston is generally recognized as the center of American education. The oldest public high school in the country is Boston Latin, established in 1635 to educate the sons of Boston’s Brahmin elite, teaching them a curriculum centered on the principle that “classics” are the basis of an educated mind. The school, which is now co-ed, was recently named by U.S. News & World Report as one of the top twenty public high schools in America. Famous alumni include Samuel Adams, one of the country’s Founding Fathers, five signers of the Declaration of Independence, including Benjamin Franklin and John Hancock, and Joseph P. Kennedy, father of President John F. Kennedy. Admission to Boston Latin is determined by an entrance examination and recent grades, and is limited to residents of the City of Boston.
Prestigious private schools in and around Boston include Phillips Academy in Andover, Mass., the Groton School, Middlesex School, Milton Academy, St. Marks School, Concord Academy, and many more.
For quality of life, when one lives in Boston it’s akin to having all of New England at the doorstep – the White Mountains of New Hampshire for skiing, hiking in the Berkshires, walking the beaches of old Cape Cod… And then coming home to a city of two-million people that has not only the Boston Symphony but the Boston Pops as well. That has Broadway-bound shows fine-tuning their acts, Red Sox line drives caroming off the Fenway Park Wall, the Celtics slam-dunking their way to the finals, and world-class museums and lobster restaurants galore.
Perhaps the nicest, and certainly chicest, residential section of Boston is Beacon Hill, which has Federal-style row houses lining cobblestone streets lit by lanterns from the gaslight era. Across Charles Street, with its stylish boutiques and antique shops, is the beautifully tended Public Garden.
Across the Charles River, where crews from the colleges rhythmically row their shells, is Cambridge, home of Harvard and MIT. It is a community for a Boston-bound EB-5 investor to consider if an academic atmosphere is to his or her liking. Attractive Victorian and contemporary homes share tree-lined streets with classic college buildings. The schools offer a wide range of extension courses that residents can take – from Computer Science to Ancient Maya Art to Biomedical Product Development (see below). Three Harvard Art Museums have a combined collection of 250,000 pieces, to be appreciated on those days when a New England nor’easter sets in.
Kendall Square in Cambridge has been called by the Boston Globe “the most innovative square mile on this planet,” the paper letting its enthusiasm show for the high concentration of entrepreneurial startups that have flourished there. The square also hosts the offices of major companies such as Google, Microsoft and Amazon.
A key Cambridge startup from 2006 is Boston Biomedical, Inc., a company whose main focus is the research and development of cancer therapeutics. Its main product is an orally-administered agent designed to inhibit cancer stem cell pathways. Biomed is an area of medicine for which Boston is known worldwide.
Harvard Square is adjacent to Harvard Yard and serves as convenience center for students. It also is an eating and shopping destination for all of Cambridge. The award-winning American Repertory Theatre is in The Square, as is a Metro subway stop to bring audiences from Boston and the other suburbs. Nearby is Cambridge Common, which borders on several parts of the university and is popular for pickup games of softball, soccer and Frisbee.
Niche ranked Cambridge the #3 best suburb for Millennials in America out of 4,878 considered. It was also ranked one of the best cities with populations over 100,000 for outdoor activities. Public parkland in Cambridge includes the esplanade along the Charles River, which mirrors its counterpart on the Boston side, and which bikers and runners and walkers enjoy 24/7.
For EB-5 investors to whom Boston and Cambridge appear to have appealing elements for a new life in America, Live In America EB-5 would be pleased to work with them in exploring those elements further. An email to firstname.lastname@example.org will get that started.
Boston Magazine reports that the citywide median price for a single-family home in Boston is $530,000. The median price on Beacon Hill is $3,050,000. Cambridge is $1,452,500.
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