Mayor Michael Hancock, other officials say fee- and tax-backed annual fund drawing $15 million a year would support more projects
People ages 20-34 comprise more than one-third of Boston’s population, the highest proportion of any major US city, according to the city’s ONEin3 initiative, designed to connect Boston’s millennials with housing and other resources. While housing Boston’s undergraduate population has long been a challenge, accommodating a growing influx of graduate students, medical interns, and young professionals is putting increasing pressure on the rental market.
About 3,000 manufacturing jobs have returned from offshore to the Northeast in the past five years, including 600 to Massachusetts, according to the Reshoring Initiative, a group that promotes US manufacturing. The higher costs of doing business in Massachusetts can work against the state, said Harry Moser, the group’s founder, but reshoring here is still attractive to some companies because of the skilled workforce and proximity to colleges and universities.
There’s a vision for downtown Framingham and it looks a little something like Somerville. Town Manager Bob Halpin hopes to make the area vibrant, but mostly convenient as a hub for the young workforce. None of that can happen, however, without a way to get around. Halpin is focused on transit-oriented development, or bringing amenities and apartments to an area with a train and bus system to boost the local economy. With the MetroWest and Milford area population aging, some say bringing in better transportation will be key to keeping MetroWest towns thriving, as Halpin hopes to do.