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The City of Springfield is the economic center of Western Massachusetts. It features the Pioneer Valley's largest concentration of retail, manufacturing, entertainment, banking, legal, and medical groups. Springfield is home to the Commonwealth of Massachusetts' largest Fortune 100 company, MassMutual Financial Group.
The Springfield metropolitan area, also known as Greater Springfield, is a region that is socio-economically and culturally tied to the City of Springfield, Massachusetts. The U.S. Office of Management and Budget defines the Springfield, MA Metropolitan Statistical Area (MSA) as consisting of three counties in Western Massachusetts.
Metro Center is the original colonial settlement of Springfield, Massachusetts, United States, located beside a bend in the Connecticut River. As of 2019, Metro Center features a majority of Western Massachusetts' most important cultural, business, and civic venues. [1]
The 2003 book covered the final days of his father's furniture and real estate businesses in the city, mirroring its deindustrialization and decline. [159] Similarly, the city's struggles with race, inequity, and deindustrialization were chronicled in Pulitzer Prize winner Tracy Kidder 's 1989 book, Among Schoolchildren , after Kidder spent a ...
Though western Massachusetts lies outside of the Rust Belt geographically, the centrality of commerce and the arts to Northampton's economy left it economically vulnerable, in particular when compounded with the decline of Springfield's manufacturing sector, Holyoke's paper industry, and massive plant closures in the New York Capital District.
The relative strength of the market is measured by the US Commercial Real Estate Index which is composed of eight economic drivers and is calculated weekly. According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy.
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Western Massachusetts, known colloquially as "western Mass," is a region in Massachusetts, one of the six U.S. states that make up the New England region of the United States. Western Massachusetts has diverse topography; 22 colleges and universities including UMass in Amherst, MA , with approximately 100,000 students; [ 1 ] and such ...
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