Thumbs Up: Mass. Economy Grows at 6.4% Rate in Q2 Thanks to Fed Stimulus for Tech

From New England Tech Wire | Aug 3, 2010

Boston -- The Massachusetts economy expanded at twice the rate of the national economy during the second quarter of the year, thanks largely to federal stimulus funds for technology products, according to research by the University of Massachusetts. The growth represents the biggest economic expansion in the state in 30 years, the study found. Worldwide semiconductor sales have increased around 50% during the past year, while shipments of North American semiconductor equipment has tripled – and both technologies are key sectors in Massachusetts. Despite the good news, some analysts are warning that the state’s economic growth is likely to level off as federal stimulus funds dry up.
http://www.massbenchmarks.org/