The document summarizes a study by MassTLC that showed the mobile industry has become a major economic sector in Massachusetts. Some key points:
- The mobile industry in Greater Boston now employs around 30,000 workers at almost 400 companies.
- Massachusetts has successfully combined its strengths in networking with a surge in mobile application development among entrepreneurs.
- Over 80% of mobile companies have fewer than 50 employees, highlighting the entrepreneurial nature.
- Investment in local mobile startups rose 40% in 2010 and is on track to double in 2011.