Frequently when I meet with young companies their initial request is, what will it cost? My reply is usually is, “ If it was free and the perfect configuration, but in Western Massachusetts, would you take it?” The reply, “No.”
Companies that are in growth mode care about access to qualified potential employees. In the Boston market we see many companies prefer to be within the city core as opposed to be outside the city for that simple reason. The younger workforce doesn’t own or doesn’t want their commute to involve an automobile.
According to a research report on the Boston Business Journal, here’s are the three aspects that entrepreneurs say actually did sell them on their hometowns:
1. Population & talent
3. Strong area supply chains
The full BBJ article is available, here.