As a center for commerce, industry and learning, Worcester's growth can be attributed to the low cost of housing, high quality of life, overall accessibility and our growing knowledge-based economy. Worcester has evolved from its days as a manufacturing giant to a leader in information technology, biotechnology, health care and medical research. This change has transformed Worcester's economy - nearly 40% of all jobs within the City are in the educational and medical fields, attracting a young, educated workforce. Worcester has easy access not only to Boston and its western suburbs, but, via I-90, I-495, I-84 and Route 146, quick connections to the North Shore, South Shore, Springfield, Providence, Rhode Island and Hartford, Connecticut. Worcester has many sites ripe for development to accommodate a burgeoning office and residential marketplace.
A $565 million, multi-phased project in the heart of downtown Worcester, is one of the largest public-private development projects in the Commonwealth.