Longwood Area Continues Its Extraordinary Growth and Economic Impact
In the LMA, numbers tell a powerful story of growth and economic opportunity effecting positive change in our communities and the world.
Nearly 57,000 people work here, and each year for the last two decades, at least 700 new employees have been added to the workforce by MASCO members. In this 213 acre area, the daily population of 112,000 employees, students, patients and visitors could fill 600 green line trains in rush hour.
There are 20 million square feet of space in the LMA, where people research cures, treat patients, educate students and offer respite through art and faith. That is double the number 30 years ago. In the past three years, that space has increased by 6%. The LMA institutions form a regional powerhouse with an additional 4.5 million square feet on sites north to New Hampshire, west to Worcester and south to the Rhode Island line.
With growth comes challenges
Unfortunately the transportation system remains virtually the same as it was 100 years ago, which is difficult for this neighborhood where 48% use public transit. Only 29% drive alone, 10% walk and 4% bicycle. All these numbers are significantly better than all Boston neighborhoods and the metro region.
“An important role for MASCO is advocating on behalf of our members. By collecting and analyzing this data, we can speak with lawmakers about Longwood’s continued growth as a vibrant economic hub in Massachusetts,” Marilyn Swartz-Lloyd President of MASCO emphasized. “For this growth to continue, the area needs greatly improved transit services.”
Our Institutions continue to serve the greater communities
The institutions are serving our communities.In 2016, they have generated $149 million in state tax revenues based on payroll. They paid $9 million to the City in Payment in Lieu of Taxes, which has increased 61% in three years. The medical institutions have contributed $78 million dollars in charity care and $177 million in State community benefits. Scholarships from the educational institutions were $194 million in 2016. Programs in workforce development offered or supported by the Longwood institutions served nearly 15,000 youth and adults. Of the nearly 20,000 Colleges of the Fenway students in the LMA, 64% stay in Massachusetts after graduation and continue to enhance the growth of the State’s economy.
LMA institutions serve the world’s populations through research. NIH funding alone has increased by 8% to $4.57 billion. If the LMA were a state, in terms of receipt of funds, it would be number 7 after Texas and before Maryland.