Massachusetts

Highlights

• #1 of 50: Innovation and patents
• #1 of 50: Talent
• #2 of 50: Venture capital

The seven inputs

Each input is a z-score against the other states: 0 is the average state, and each step is one standard deviation (capped at ±3). Ranks are among the 50 states.

• Venture capital +2.3 #2 of 50
• Startup formation +1.2 #4 of 50
• Scale-ups +2.0 #2 of 50
• Economic output and wealth +1.9 #2 of 50
• Innovation and patents +2.1 #1 of 50
• Talent +2.1 #1 of 50
• Momentum -0.8 #44 of 50

Top companies

The largest companies headquartered in Massachusetts, by latest annual revenue.

1. TJX Companies Inc. TJX · Consumer Discretionary · Framingham · Boston, MA-NH metro $60.4B
2. Thermo Fisher Scientific Inc TMO · Healthcare · Waltham · Boston, MA-NH metro $44.6B
3. GE Vernova Inc. GEV · Industrials · Cambridge · Boston, MA-NH metro $38.1B
4. Fidelity Investments Private · Insurance · Boston, MA-NH $32.7B
5. BJ's Wholesale Club Holdings Inc. BJ · Consumer Staples · Marlborough · Boston, MA-NH metro $21.5B

Roots Density Data, All Companies (public: SEC filings; private: Forbes Top Private Companies 2025). Ranked by latest annual revenue.

Metros in Massachusetts

• Boston, MA-NH #2 of 109 metros 85
• Providence, RI-MA #47 of 109 metros 47
• Worcester, MA #56 of 109 metros 42
• Springfield, MA #98 of 109 metros 17