Boston, The Heart of
Business & Economics

In the world of economics, Boston contains several financial business giants. The city carved out a financial niche in the mutual funds market, which began here in 1925 and in which Boston still leads the field. Many of the world's most affluent families rely on conservative Boston institutions to manage their trust funds.

Boston not only dominates much of New England but also exerts influence on the rest of the country through its banks, financial institutions, insurance companies, and educational institutions. One out of every ten jobs created in the six New England states is made possible as a result of investment from Boston.

America has come to depend on the research and development done here due to a high concentration of academic institutions. The contributions made by these institutions drive the local economy as well as that of the nation as a whole.

Muslim and Arab overseas investments are visible in Boston. Local area Muslims run many successful businesses here.

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