The United States is well-known for being a country of entrepreneurs and small businesses. In fact, according to the U.S. Small Business Administration, there are over 28 million small businesses in the United States, which account for 99.7 percent of all employer firms.
Massachusetts is no exception to this trend, as the state is home to over 700,000 small businesses. And, with a strong economy and a highly educated workforce, Massachusetts is an attractive place to start a business.
So, if you’re thinking of starting a business in Massachusetts in 2023, where are the best places to do so? Here are five of the best locations to start a business in Massachusetts this year:
1. Boston
As the capital city of Massachusetts and one of the most populous cities in the United States, Boston is an obvious choice for starting a business. The city is home to a large number of colleges and universities, which provide a talent pool of potential employees. Additionally, Boston’s close proximity to other major cities like New York City and Philadelphia makes it easy to attract customers from outside the area.
2. Worcester
Worcester is the second-largest city in Massachusetts and is located about 40 miles west of Boston. The city has a diverse economy that includes healthcare, education, manufacturing, and biotechnology. Worcester is also home to a number of colleges and universities, making it an ideal location for businesses that require a highly skilled workforce.
3. Springfield
Located in western Massachusetts, Springfield is the third-largest city in the state. The city’s economy is centered around healthcare and manufacturing, with several major healthcare facilities located here. Springfield is also home to several colleges and universities, making it an ideal location for businesses that require a highly skilled workforce.
4. Cambridge
Cambridge is located across the Charles River from Boston and is home to two of the world’s most prestigious universities: Harvard University and the Massachusetts Institute of Technology (MIT). As such, Cambridge has a large population of highly educated residents who can provide your business with a talented workforce. Additionally, Cambridge’s close proximity to Boston makes it easy to attract customers from outside the area.