Massachusetts has always had the reputation of being a business-friendly state. After all, it is a thriving environment for technology and development that it was only natural for new ideas and startups develop from here. A 2018 survey conducted by Thumbtack also revealed that it is one of the top destinations for new businesses in the US due to its business-friendly nature.
The thriving entrepreneurial ecosystem of Massachusetts has helped the economy stay afloat, even during times of recession. There are over 600,000 small businesses operating within the state. There are plenty of reasons why this is the case.
First and foremost, the ongoing economic growth in the state has allowed businesses to flourish. There is also a huge pool of talented and skilled workers with which businesses can have access to, which is a mutually beneficial situation: more employment opportunities for the people of Massachusetts and more opportunity for growth for businesses.
In addition to a strong workforce, the people of Massachusetts have adapted the mentality of buying directly from the local businesses. This has built a strong network of support within the community.
Over the past few years, there is a steady rise of startups that are setting base in Massachusetts. These startups operate within the following industries: financial services, manufacturing (electronic equipment, communication tools, computers, etc), and telecommunication. For business insurance related info please refer to our more in depth article.
At the request of our visitors we've included the below local insurance contacts for most cities in Massachusetts. When you compare auto insurance quotes in the state of Massachusetts, it's important to consider the number of deductibles, coverage limits, and possible discounts. Most of the well-known, large auto insurance companies in the United States offer coverage in Massachusetts. Our list of contacts will help you find affordable rates and a cheap policy that meets your personal needs and adheres to your budget. And while you don't need a perfect driving record to get a low cost policy, both your driving history and credit score will impact how much you pay for car insurance. For additional information on traffic laws or driving schools please navigate to your respective state using the map. And for manufactured home insurance, please refer to the respective article.
Massachusetts is the most populated state in the New England region of the U.S. As of 2019, almost 6.9 million people reside on the state. Its capital city Boston is also the most populated city in New England.
The state is home to many top-ranked colleges in the world, such as the Harvard University and the Massachusetts Institute of Technology. In 2018, the State's overall educational system ranked top among all fifty states in the country.
Massachusetts is home to world-renowned metropolitan Greater Boston, a region that played a huge role in American history, industry, and academia. It is also where basketball and volleyball were invented (Springfield and Holyoke, respectively).
The state was originally dependent on maritime trade, fishing, and agriculture. The Industrial Revolution transformed the state to a manufacturing center. In the 20th century, the whole economy of the state completely shifted from heavy manufacturing to services. Today, the state's economy is largely based on technological research and development and tourism.
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