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Asset Growth in the Billions |
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Massachusetts 50 largest banking firms increased their assets by 8.5% between 2004 and 2005, and are at a total worth of $110.3 billion. |
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[2007 BBJ Book of Lists] |
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IPO Hothouse |
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Massachusetts is ranked third in the state with the most amount of revenue coming from IPOs. |
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[2006 Corporation for Enterprise Development] |
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We’re #1. And #2 |
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The nation’s two largest asset-management firms are based in Boston. Combined, State Street Global Advisors and Fidelity Investments manage over $2.4 trillion. |
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[Mass. Alliance for Economic Development, 2006] |
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Small Business Administration Funding |
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The Boston area’s largest 25 SBA lenders – which include Citizen’s bank, Bank of America, BankNorth and Sovereign Bank, lent approximately $175 million in SBA loans in 2004. |
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[2005 BBJ Book of Lists] |
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$1.6 Trillion in Mutual Funds |
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Massachusetts is a nationwide leader in mutual funds. The top 25 Massachusetts-based mutual fund companies manage over $1.6 trillion in assets. |
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[Mass. Alliance for Economic Development, 2006] |
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Venture Capital Capital |
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Boston is the nationwide leader in venture capital, expressed as a percentage of gross state product. Boston-area venture capital firms invested more than $1.4 billion in Massachusetts companies in 2001. |
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[Mass. Alliance for Economic Development, 2006] |
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In 2004, For every person in Massachusetts’ workforce in 2004, there were $723.86 of venture capital investments, higher than any other state in the country. |
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[2006 Corporation for Enterprise Development] |
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#1 in Lines of Credit, CDs & Trusts |
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With an average of $150,986 in personal investments, Bostonians are hold equity lines of credit, long-term and short-term certificates of deposit, and trust agreements. |
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[2005/2006 Gallup Poll of Media Usage & Consumer Behavior, Boston DMA] |
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Planning for the future |
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2.4 million adults have a 401K, 1.5 million have mutual funds, 1.4 million have stock/stock options, and 1.0 million adults have bonds. |
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[2005/2006 Gallup Poll of Media Usage & Consumer Behavior, Boston DMA] |
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Building a Nest Egg - US Bonds, Stock & 401(k) |
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Compared to the US population overall, Boston-area residents are 16% more likely to own U.S. savings bonds, 27% more likely to own stock in their employers and 20% more likely to own 401(k) accounts. |
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[2007 Claritas/Simmons Market Index Report, U.S. DMAs] |
