“There has never been a better time for innovation to occur in urban settings than now, and there should be no better place than Boston.”
Thomas M. Menino, Mayor of Boston
The Innovation District, 1,000 acres of residential, commercial, and industrial space along the South Boston Waterfront, is intended to ensure Boston’s continued leadership in the innovation economy—both as an engine for job growth and the development of innovative products and services. To realize his vision for the Innovation District, Mayor Menino developed a three-part strategy centered upon densely clustering companies; providing new models of housing, including those that meet the needs of entrepreneurs; and providing public infrastructure and networking opportunities to foster creativity and bold thinking.
The ideas, products, and research developed in cities anchor the global economy, and there’s never been a more crucial time to capitalize on urban innovation. Recognizing this opportunity and Boston’s unique assets–human capital, university connections, and life science and technology leadership – Mayor Thomas M. Menino launched the Innovation District as Boston’s welcome mat for entrepreneurs.
The Innovation District is quickly becoming a model for how to rebuild the economy around new and growing industries because it fosters collaborations that drive productivity, especially among start-ups and research-based companies.
Currently home to 33,000 jobs and generating over $10 billion toward the city’s gross product, the Innovation District has attracted over 100 new businesses adding 3,000 jobs to the area since January 2010.