Last year, thanks to Mayor Martin Walsh, the City of Boston released a fully detailed plan with initiatives the local government is going to implement to grow and help small businesses. This plan includes increasing support for women entrepreneurs, minority entrepreneurs, and those seeking to expand. Access to these resources is even easier through their website where they offer online support.
2. Embrace Residents and Visitors Keeping Afoot
Did you know that Boston was ranked the third-most walkable city in the nation in 2016 with plans to become the most walkable by 2030? Besides the obvious health benefits of walking everywhere, a walkable city means more potential foot traffic to your storefront. Take the Fanueil Hall Marketplace area, it’s a highly walkable area with thriving businesses. Or the Leather District and the North End, which come in at the top two most walkable neighborhoods in Boston. With increased foot traffic and a second storefront, your business will not go unnoticed.3. Leverage Boston's Rising Economy
Economically speaking, Boston has a high GDP per capita at about $62,918. So in terms of economic progress, Boston’s economy demonstartes strength. It also signifies high productivity. Even outside of the Boston metro, businesses fare well. The state of Massachusetts boasts the third highest business survival rate in the nation.
4. Play Ball - All Year Round
Five major sports teams call Boston and its surrounding area home: the Red Sox, the Celtics, the Bruins, the New England Patriots, and the New England Revolution. This doesn’t include the numerous teams at nearby colleges. Expanding your business near a stadium or having your business focus on Boston’s teams can potentially be profitable all year.5. Get Educated on the Perks of Being a College Town
The Boston metro alone holds over 50 colleges. This could be the driving force you need to expand your business. With the large number of educational institutions available, you have all the resources necessary to expand your business. SCORE-Boston offers free business advice and an array of workshops specifically for helping small business owners grow.
Ready to start exploring new neighborhoods in Boston for your small business expansion?