The Brookings Institution named Boston a “Knowledge Capital” along with 18 other cities around the world. The think tank awarded the designation to mid-sized cities that were home to a high concentration of elite research universities, a talented workforce and productive and innovative businesses.
In a report by the U.S. Chamber of Commerce Foundation and 1776, a global business incubator that supports emerging companies, Boston also ranked No. 1 in the U.S. for a startup climate that fosters entrepreneurship and innovation. Though Silicon Valley was home to more startup activity overall, Boston bested the San Francisco Bay Area based on preparedness for the digital economy, quality of life, a friendly regulatory environment for startups, and a wealth of tech companies focusing on education, healthcare and energy issues.1