There are more small businesses starting up in the Boston Metro, according to a recent study conducted by American City Business Journals, as published in the Boston Business Journal. The study examined U.S. Census data from 2010 to 2014, a recovery period that followed the Great Recession.
During this time, the Boston Metro added 3,290 new small businesses, a gain of 2.8%. This brought our total population of small business to 121,957.
Nationally, small business counts in the United States increased by 2.1% during the same period. While most major metros posted small business gains from 2010 to 2014, many of these gains were quite modest. Of the 106 major metropolitan areas studied, 33 of them experienced declines in the number of small businesses in operation.
Small business growth in the Boston Metro was strong enough to place it in the Top 20 at #16, out of the 73 major metropolitan areas posting gains.
The only cities performing better along the East Coast were Washington D.C., with small business gains of 4.0%, and New York City, with gains of 3.4%.
Other small business hot spots include the statistical metropolitan areas of Los Angeles, Miami, Dallas, San Francisco, Denver, Houston, Austin and Atlanta.
The Boston Metro offers many small business resources and programs to help entrepreneurs get started. The State of Massachusetts also offers incentives and resources for small businesses. There are additional resources at local levels, such as the City of Quincy business development guide. With sound planning, financial preparedness and the ability to adapt, entrepreneurs can find a good start in the Boston Metro!
Of course, a strategic business location is also important! When you are ready to begin, relocate or expand your business, team up with an experienced commercial real estate broker at Jay Nuss Realty Group, LLC! Whether you are thinking of buying or leasing Boston Metro commercial real estate, we can help you find the ideal property. Please contact us today for expert guidance!