Starting a business can certainly be an enthralling endeavor, but if you fail to choose the proper home for your business, you may find yourself spinning your wheels from day one. Although entrepreneurs find multiple cities attractive, one of the most in-demand cities for the modern entrepreneur is Boston, according to business expert Brian Ferdinand in a recently released article.
HISTORY AND DIVERSITY
In the recently published article, Brian Ferdinand explains that Boston possesses a rich history in that it is one of the United States’ first cities. However, in addition to exuding American traditions that date back hundreds of years, the city is also known for housing many institutions in high technology–related research and development. These institutions include the Massachusetts Institute of Technology (MIT), for example. In addition, the city stands out in the area of medical research as well as education. In fact, Harvard University—one of the globe’s most highly esteemed and time-honored educational institutions—calls Boston its home.
Boston has also made a name for itself for its high level of diversity among the people who reside there. People of all ages and walks of life are proud to call Boston their home. However, as a business owner, you may especially be excited to learn that the city is flourishing with some of today’s brightest young professionals. Not only are Harvard and MIT located in the city but also Tufts University and Boston University will be in your business’s backyard there. As a result, you’ll have a wide selection of college graduates from which to choose when looking to expand your company’s team.
If you’re worried about how to get started in entrepreneurship, you can rest assured that you’ll receive plenty of help in Boston. That’s because the city has just about 50 support programs, incubators, and accelerators in the Greater Boston area. These programs can help you to find mentorship opportunities, office space, and even access connections and experts in the industry.
In addition, if you need funding, many national agencies and venture capitalists are eager to provide financing options and funding for Boston or Massachusetts small businesses. For instance, the Boston Loan Development Corporation offers loans as high as $150,000 if you are in Boston or plan to relocate to Boston. You can easily use these loans to purchase a property or even new equipment for your high-potential business.