Economic development is the backbone of every community and has a significant impact on more than just municipal finance. Economic development activities interact with all other municipal functions and contribute to the community’s character. Lexington has long emphasized economic development to support the local business environment, grow the commercial tax base, and enhance the community’s economic well-being.
Lexington’s economic base continues to evolve, from a history rooted in agriculture to a present and future increasingly focused on the life sciences industry. More than 1,450 businesses employing nearly 23,000 people are based in Lexington. Lexington is part of the Massachusetts “Super Cluster” providing access to an educated and talented workforce located near top universities and medical resources.
Learn more about economic development in Lexington from the information below.
The CPAC, the Project Consultants, and Lexington Staff are working on developing the Economic Development Inventory and Analysis Report. The most recent edition can be view below. Please note the document will be updated based on information collected at the June 15th Public Forum. Hence the note in the header of the document.
In May of 2019, the Comprehensive Plan Advisory Committee (CPAC) held a public forum, which presented information relative to economic development in Lexington. Please see links below to view the video of the presentation or copies of the PowerPoint presentations presented.
Presentation on Local Economic Development Basics held on May 16, 2019
Presentation on Economic Development held on March 23, 2018