Massachusetts Business Data
Businesses, industries, public companies, banks, trucking companies, new business applications and bankruptcies in Massachusetts.
- Employer establishments
- 183,767
- 2023
- Employees
- 3,487,228
- New applications, 12 months
- 87,618
- +13.9% vs. prior 12 months
Industries
Employer businesses in 2023
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| Industry | Establishments | Employees | Average pay |
|---|---|---|---|
| Health care and social assistance | 21,002 | 618,482 | $70,184 |
| Professional and technical services | 21,966 | 369,685 | $147,606 |
| Retail trade | 22,550 | 357,807 | $42,388 |
| Accommodation and food services | 18,127 | 307,708 | $32,905 |
| Manufacturing | 5,920 | 234,190 | $89,512 |
| Educational services | 3,373 | 230,184 | $57,108 |
| Administrative and support services | 11,796 | 229,675 | $61,166 |
| Finance and insurance | 9,268 | 199,733 | $171,977 |
| Construction | 21,631 | 163,600 | $92,804 |
| Wholesale trade | 6,646 | 152,588 | $119,562 |
| Information | 3,655 | 141,099 | $162,286 |
| Other services | 18,920 | 121,531 | $48,943 |
| Management of companies | 1,128 | 116,778 | $143,818 |
| Transportation and warehousing | 4,526 | 110,858 | $58,557 |
| Arts, entertainment and recreation | 3,672 | 62,264 | $58,494 |
| Real estate and rental | 8,539 | 54,095 | $86,185 |
| Utilities | 328 | 14,056 | $140,933 |
| Agriculture, forestry and fishing | 341 | 1,143 | $53,661 |
| Mining, oil and gas | 87 | 1,120 | $101,465 |
Total annual payroll: $301.8B
Largest public companies in Massachusetts
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| # | Company | Revenue | Net income |
|---|---|---|---|
| 1 | TJX Companies IncTJX | $60.37B | $5.49B |
| 2 | Thermo Fisher Scientific Inc.TMO | $44.56B | $6.7B |
| 3 | GE Vernova Inc.GEV | $38.07B | $4.88B |
| 4 | BJ's Wholesale Club Holdings, Inc.BJ | $21.46B | $578.4M |
| 5 | Boston Scientific CorpBSX | $20.07B | $2.89B |
| 6 | Global Partners LPGLP | $18.56B | $97.98M |
| 7 | State Street CorpSTT | $13.94B | $2.94B |
| 8 | Eversource EnergyES | $13.55B | $1.7B |
| 9 | Wayfair Inc.W | $12.46B | -$313M |
| 10 | Santander Holdings USA, Inc.SNUS-PH | $12.44B | $1.65B |
Banks headquartered in Massachusetts
89 FDIC-insured banks
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| # | Bank | Total assets | Deposits | Offices |
|---|---|---|---|---|
| 1 | State Street Bank and Trust Company | $412.6B | $326.2B | 3 |
| 2 | Eastern Bank | $31.13B | $26.15B | 134 |
| 3 | Rockland Trust Company | $24.97B | $20.53B | 151 |
| 4 | Beacon Bank and Trust | $22.2B | $18.65B | 151 |
| 5 | Salem Five Cents Savings Bank | $8.82B | $6.04B | 34 |
| 6 | Needham Bank | $7.42B | $6.32B | 21 |
| 7 | Cambridge Savings Bank | $6.98B | $5.35B | 21 |
| 8 | Middlesex Savings Bank | $6.15B | $5.18B | 35 |
| 9 | The Cape Cod Five Cents Savings Bank | $5.62B | $4.56B | 23 |
| 10 | Institution for Savings in Newburyport and Its Vicinity | $5.56B | $3.37B | 13 |
Trucking companies
Carriers in this state- Active carriers
- 39,838
- Power units
- 160,278
- Drivers
- 170,340
New businesses and bankruptcies
- 87,618 new business applications in the 12 months through September 2026.
- 523 business bankruptcy cases in the 12 months ending June 2026 (+66.0% from a year earlier).
Counties
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| County | Establishments | Employees | Average pay |
|---|---|---|---|
| Middlesex County | 44,624 | 963,417 | $101,547 |
| Suffolk County | 22,034 | 720,353 | $119,182 |
| Norfolk County | 20,745 | 337,287 | $76,922 |
| Essex County | 19,988 | 287,960 | $67,758 |
| Worcester County | 19,181 | 319,255 | $63,330 |
| Plymouth County | 13,421 | 180,733 | $60,181 |
| Bristol County | 13,221 | 201,320 | $59,037 |
| Hampden County | 9,339 | 168,744 | $57,005 |
| Barnstable County | 8,957 | 76,963 | $61,811 |
| Berkshire County | 3,749 | 50,051 | $57,095 |
| Hampshire County | 3,491 | 49,009 | $51,520 |
| Franklin County | 1,549 | 19,141 | $50,528 |
| Nantucket County | 1,317 | 5,626 | $96,150 |
| Dukes County | 1,251 | 6,082 | $82,300 |
Source: U.S. Census Bureau, SEC, FDIC, FMCSA and the U.S. Courts · Last updated 12/31/2023