Cambridge is among the top areas in the country to start a business, according to a recent joint study by Livability and Entrepreneur magazine. This bustling city within the Boston Metro ranked in the top 3 for educational attainment, culture, and creative-class employment. Cambridge also placed in the top 2 positions for small business loan accessibility and low unemployment.
When one thinks of business start-ups in Cambridge, the technology sector naturally comes to mind. Yet some of the most successful small businesses fill a niche focused on service. The example cited in Entrepreneur magazine is a Cambridge dog grooming salon that the owner described as being “highly successful” with “poodles coming out of her ears.” Low-cost start-ups like this can thrive with good business planning and the selection of a strategic business location near the clientele one intends to serve.
Somerville is another Boston Metro city recognized for its business opportunities. Affordable living and ease of commute are among Somerville’s attributes. It’s also a diverse city offering economic opportunity to creative-class talent. Somerville’s proximity to Boston puts world-class amenities at the doorstep, while being less expensive when it comes to housing, groceries and some costs of doing business.
South of the Boston Metro, the small city of Newport, Rhode Island is an up-and-coming market that is enjoying employment growth and an expansion of household income growth. Affordable homes and the appeal of a New England coastal lifestyle is drawing new residents and new small businesses. Newport ranks well for these factors and for its quality of life, and offers a business climate attractive to entrepreneurs.
No matter where you choose to do business in the Boston Metro, you can boost your chances for success by utilizing the valuable networks of your local Chamber of Commerce organizations and Small Business Administration resources. And when you are ready to begin, relocate or expand your business in the Boston Metro, team up with the Jay Nuss Realty Group! Whether you are thinking of buying or leasing Boston Metro commercial real estate, we can help you find the ideal property. Contact us today for expert guidance!