About a decade ago, many companies abandoned Boston. They found a better place and settled there. However, nowadays, they are all coming back. Tech giants, biopharmaceutical companies and many others are moving their headquarters to Boston once again. But, does this mean that there are enough reasons to move your business to Boston, too? Well, the answer is yes. But, see for yourself.
Reasons to move your business to Boston
For starters, Boston has certain traits that are quite desirable for the corporate culture of today. Boston’s walkability and livability make it a desirable work location. Also, it’s easy to access by public transportation and the highway. Apart from these, there are other reasons to move your business to Boston. Before you check Boston zip codes and top neighborhoods, study these reasons carefully and only then decide if you would benefit from this decision.
- A trend for companies to move from suburbia into big cities
- Access to the highly-educated and talented workforce and researchers
- A collaborative open-source culture that exists in clusters
Companies moving to cities
There are a number of reasons for companies moving away from suburbia. And it’s not just CEOs wanting to look at the cities from their office buildings. For starters, there’s been a broader trend. Companies have been moving away from cloistered suburban campuses into big cities. And that’s been the case with huge, world-famous companies. So, those moves are highly-publicized, giving the area the reputation of a business center. As a result, other companies want to move to that area as well. And that’s why you are considering the reasons to move your business to Boston, too. With the help of Premium Q Moving and Storage Boston, that’s never been easier.
Boston’s business ecosystem involves technology and healthcare among other industries. And, one of the reasons high-profile technology companies state for moving to cities is related to their employees. Being in their 20s or 30s, a huge part of the technology workforce lives in urban areas. And they do not have cars. So, that is how companies give their existing employees a reason to stay with them. As Boston offers a high quality of life to its residents, employees will enjoy living there. From various events to restaurant and parks, there are a lot of activities to enjoy in Boston.
Great place for finding new members of your team
Other than trying to keep their existing employees, companies are looking for new professionals, too. And they believe the city area will help them with that, especially since Boston has a highly educated and talented workforce. It is, after all, a university town and that also is one of the reasons to move your business to Boston. With world-renowned universities like Boston University, Harvard, Tufts, and MIT, just like other companies, you can have a great selection of young professions and graduates to help you grow your business.
Beyond the talented workforce, companies say that it’s important being in Boston’s corporate climate. They come together in one place, creating a cluster, similar to biotech in Kendall Square and tech/software startups in the Innovation District. When companies are in a certain kind of business, they learn from each other. They not only share ideas but suppliers as well. They are moving across the country and come together to survive and grow. Company executives say that the tech business, for example, is more collaborative now than two decades ago. So, being and working isolated is not a way to survive any longer.
Boston provides great networking opportunities
Networking opportunities can make you grow your business by connecting with the right people. At numerous networking events, you can meet just the person you need to help your business move forward. There are great similar opportunities in the surrounding areas as well. This is something that Bostonians might take for granted. But someone moving their business here will notice the number and the importance of these events right away. This itself might be the main reasons to move your business to Boston, even if it is a long-distance move.
Great startup programs
Boston is a location of choice for many companies. But it is also good for startups. With almost 50 startup incubators, accelerators and similar programs, it is a great place for building a start-up. These programs can provide help with a lot of start-up related challenges. From finding office space to providing mentorship opportunities and connecting to industry experts, a community of peers, etc.
Opportunities for smaller companies
Boston is a world-class tech center and a new location for huge high-profile companies. But, wouldn’t it be great if smaller companies could be given opportunities too? We have great news for you. National and federal agencies, along with venture capitalists provide great funding and financing opportunities for small business. Also, there are loans of around 150.000 dollars available for businesses relocating to Boston. You can use them for buying equipment and new business property, as well as working capital to help you grow your business.
The new location for your business
After reading all these reasons to move your business to Boston, it is up to you to make a decision. Think carefully and see if your business would do well in this ecosystem. What Boston will provide are the opportunities. But we certainly hope that you will use them in the best way possible.