Where: Stretches some 500 miles down the East Coast of the U.S. from Boston, through New York, to Washington
Population: 54.3 million
Economy: $2.2 trillion
Leading sectors: Finance, media, biotech
Key creative-class jobs: Computer engineer, fashion designer, investment dealer, lawyer
The Bos-Wash corridor is the world’s second-largest megaregion in terms of economic output — only Greater Tokyo is bigger. Today, it is home to more than 18 percent of all Americans, and its economy is bigger than that of France or the United Kingdom — and it’s more than double the size of India’s or Canada’s. Though broadly based, its economy has considerable specialization and strengths. New York is highly specialized in finance and business services, as well as arts and culture. Boston is known for its biotech industries and education resources.
The region will prevail as one of the most resilient megas. Not only does it contain the seat of U.S. government and banking, it boasts two of the top tech clusters in the world — the Dulles Corridor near Washington, D.C., and Route 128 outside of Boston. In her study of high-tech industry in Silicon Valley and around Route 128, the University of California’s Annalee Saxenian found the superior performance of such clusters turned on the adaptive capabilities of the region’s well-developed networks of entrepreneurs, venture capitalists, technologists, and newly minted university talent. Those trends tend to scale in a super-linear fashion.
*Source: "Who's Your City: Top 10 Megaregions," by Richard Florida.
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