Massachusetts was the birthplace not only of the American Revolution, but also the cradle of the Industrial Revolution in the United States. The Commonwealth has a long and distinguished tradition of ingenuity, innovation and entrepreneurship that makes it an ideal location for conducting business. Today, Massachusetts offers businesses unique advantages:
Access to a highly trained, productive, and educated supply of workers: Massachusetts ranks number #1in the nation in the percentage of adult workers holding a 4-year college degree or above. New Englanders are known for their strong work ethic, and the productivity of Massachusetts workers, as measured by Gross State Product per employee, exceeds the national average – and exceeds worker productivity in such states as Maryland, North Carolina, and New Hampshire. The diversity of the Massachusetts economy ensures that there are workers in a range of industries and occupations.
A compact state where everything is within reach: The state’s well-developed highway system allows same-day meetings between any locations within the state. Companies can start here, grow here, and find facility options to accommodate all stages of their life cycle. A diversity of living and recreational options are all within a two hour commute – from the Berkshires to Cape Cod, the Merrimack Valley to the South Coast, from Boston to Worcester. Affordable housing, competitive real estate, land, construction and wage rates can all be found within the state, without sacrificing access to Greater Boston.
An educational system that fuels economic growth: Massachusetts’s colleges and universities draw students from around the world, many of whom form the backbone of the state’s innovation economy. The state’s largest colleges and universities (from Harvard and MIT to the University of Massachusetts) collectively enroll nearly 250,000 students. Key areas of concentration include computer science, information technology, business, engineering, and bioscience related fields. Massachusetts’s academic centers rank among the top ten states nationally in the amount of research funding received – nearly $2.2 billion. The state is notable for its research in life sciences; engineering; math and computer sciences; physical sciences; and environmental sciences. Finally, Massachusetts’s 14-school community college network, which spans the state, provides companies with partnership opportunities for targeted training and a pipeline of workers matched to key industry sectors.
Strategic location and transportation connections:Massachusetts is in geographical proximity to nearly half the population of the United States within a 12 hour drive; and one-hour flights to 40% of the US market and 67% of the Canadian market connect Massachusetts to the world. The state is anchored by Logan International Airport in Boston, with direct flights to all of Europe’s key business centers, and is within commuting reach of four regional international airports in New Hampshire, New York, Connecticut, and Rhode Island. The public transportation system, especially within Greater Boston, enables businesses to access a diverse workforce.
A can-do and supportive climate for growing your business: The Commonwealth stands ready to assist companies located in Massachusetts and those looking to relocate to the state. The Massachusetts Business Resource Team, a collaborative effort of government, public-private partnerships, trade organizations, and regional and local economic development groups act in unison to provide the best possible service to your business. Industry specialists, site selection specialists, financing, and permitting specialists all gather on a single team to expedite your expansion within or relocation to the state – a call to one of us is a call to all. In acting to remove barriers to growth, the state in recent years has established expedited permitting reform; provided enhanced job creation incentives; instituted unemployment insurance reform, and increased collaboration and technology transfer between universities and the private sector.
Adding up all the assets of an extensive business support network, a pro-business government, access to an educated workforce, proximity to world markets, and regions with distinct quality of life advantages, it easy to say, Massachusetts, It’s All Here!