If you haven’t checked out our most recent blog The Small Business Machine You Never Knew You Knew make sure to do so. This blog talks about a study by the University of Maryland that states that the popular social networking website is a small business machine. It says that Facebook has created over 182,000 jobs and has added between $12.19 and $15.17 billion to the economy.
If you haven’t seen our recent news articles, you sure have been missing out!
The Day Connecticut : Cooperation on Jobs Welcomed
The bipartisan unity displayed in Hartford on Monday when the governor and lawmakers from both parties pledged to work together on job creation is a positive sign for Connecticut and in stark contrast to the continuing deadlock in Washington. Republican lawmakers stood with Connecticut’s Democratic governor, Dannel P. Malloy, and they collectively pledged to work together on a consensus jobs’ package that the legislature can vote on during the special session beginning Oct. 26.
Boston Herald : Number of Bay State Biotech Jobs Grew 4 Percent Last Year
Massachusetts biotech companies employed 48,000 people last year, paid $4.6 billion in payroll, and took in a record amount of venture capital, according to a report by industry group MassBio. The industry saw 3.9 percent employment growth in 2010 after having just 1 percent growth in 2009, and paid an average salary of $96,000 in 2010.
Market Watch : High-Tech Job Creation Growing Nearly Four Times Faster Than Other Sectors
The combination of consumers’ unquenched demand for new technology and businesses’ application of new technologies, such as cloud computing, to gain efficiencies has given the high tech industry a job growth rate nearly four times faster than the national average since the employment trough was reached in February 2010 (5.1 percent vs. 1.4 percent). Additionally, rising venture capital and initial public offering (IPO) activity is fueling key rapid evolution and growth segments of the high-tech industry.
