Food Products Industry Sees Growth In Boston
November 13th, 2006
The City of Boston is experienced a “rediscovered vitality” in the food products industry as national chain supermarkets realize the city’s growth potential.
Boston-proper has a seven times great concentration of income within its limits than in the suburbs - $257 million per square mile versus $35 million in suburban areas, according to the Boston Redevelopment Authority.
Since the early 1990s, the Boston Redevelopment Authority cites more than 23 major supermarkets consisting of more than 700,000 square feet of new, replacement, or expansion space, have opened in 17 Boston neighborhoods.
“This expansion of the supermarket industry within Boston demonstrates that the buying power of inner-city neighborhoods has been rediscovered, and it’s just one more sign that Boston’s economy remains strong,” states the authority’s report “Boston Supermarkets: 2006 Growth and Opportunity.
“As neighborhoods have been rejuvenated, community participation encouraged, and streetscape and transportation enhancements added, large supermarkets have flourished throughout Boston.”