In the late 20th century Worcester’s economy began to recover as the city expanded into biotechnology and healthcare fields. The UMass Medical School has become a leader in biomedical research and the Massachusetts Biotechnology Research Park has become a center of medical research and development. Worcester hospitals Saint Vincent Hospital and UMass Memorial Health Care have become two of the largest employers in the city. Worcester's many colleges, including the College of the Holy Cross, Worcester Polytechnic Institute, Clark University, UMass Medical School, Assumption College, MCPHS University, Becker College, and Worcester State University, attract many students to the area and help drive the new economy.
On December 3, 1999 two homeless men started a five-alarm fire at the Worcester Cold Storage & Warehouse Company. The fire took the lives of six firemen and drew national attention as one of the worst firefighting tragedies in the late 20th century. President Bill Clinton, Vice President Al Gore and other local and national dignitaries attended the funeral service and memorial program in Worcester.
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