Boston has three important economic sectors. The first sector is financial services, in which the Boston region is the largest center for banking and insurance in the northeastern United States. The second is the health care industry, in which many workers are employed in the 16 teaching hospitals and other medical research institutions in Boston. The final sector is the high-technology industry, which includes firms producing products in electronics, instruments, computers, office machinery, and communications.
In the late 1990s printing and publishing were the city's leading manufacturing employers, continuing Boston's long tradition as a major book publisher and magazine and journal publishing center. Publishing in America began in Boston when Stephen Daye, a locksmith who migrated from Cambridge, England, brought the nation's first printing press to the city. It went into operation in 1639.
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