Overview
The economic landscape of Braintree is diverse, with a notable emphasis on construction, professional services, and technical activities. The total employee count stands at 45,281, showing a dynamic workforce. The city has witnessed a 7.82% growth in employee numbers, indicating a robust economic environment. However, with no recent initial public offerings (IPOs), the focus seems to be more on established businesses rather than new market entrants.
Employment and Business Growth
- Total Employees: 45,281. The employment sector in Braintree is thriving, with a 7.82% growth, signifying a healthy job market and potentially favorable economic conditions.
- Employee Growth: The growth rate of 7.82% in employee numbers is indicative of an expanding job market, potentially linked to the rise of local businesses and inward investment.
- Number of Scaleups: 68. This figure suggests a nurturing environment for business expansion, contributing to the overall economic vitality.
Sector Analysis
- Top Sectors: Construction (16.03%), Professional/Technical Activities (14.5%), Administrative Services (11.24%). These sectors are the backbone of Braintree’s economy, indicating a well-rounded and versatile business environment.
- Rising Sectors: Notable growth in niche areas like technology/IP-based businesses and educational services, although the numbers are relatively small.
Business Continuity
- Company Cessations: The absence of data on company closures suggests stability but warrants further investigation for a comprehensive understanding.
- Number of Companies: 10,031. This significant number reflects a vibrant and diverse business community.
- New Companies (2 years): 1,115. The city is seeing a steady influx of new businesses, contributing to economic dynamism.
Gender Representation
- Founders: 15.49% female, 83.1% male. This shows a gender disparity in business founding, highlighting a potential area for policy focus.
- Directors: 27.71% female, 69.63% male. Similar to founders, a gender gap exists in leadership roles.
Conclusion
Braintree’s economy is marked by robust growth in employment, a diverse array of active business sectors, and a significant number of scaleups. The construction, professional, and technical sectors are particularly strong, though there is room for growth in technology and IP-based businesses. Gender disparity in founding and director roles indicates an area for potential improvement. The city’s economic health is on a positive trajectory, but continued support for new businesses and addressing gender gaps could further strengthen its economic landscape.