November 11, 2021

Setting Up Your Business and Life in Framingham, MA

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Starting or moving a business as you are trying to juggle family responsibilities can be overwhelming. How do you know which city or town is the right place? How do you know where both your company and your family can thrive day in and day out?

While there are no shortcuts to choosing the best location for the next chapter in your life, considering factors like affordability, local business support, cost of living, and nearby colleges can help you make a sound decision and set your family up for a healthy, successful life. Below, cryan.com discusses these factors in more detail and explains why Framingham, MA could be the ideal city!

Affordability

No matter what kind of business you are starting or relocating to, the cost of living in your new city will make a major impact. When housing, groceries, fuel, and other family expenses are astronomical, it makes it hard to grow a company and flourish as a family.

Framingham is within a half-hour drive of Boston. While you will reap the benefits of living close to the iconic city with such a rich business and entrepreneurial community, you will not have to pay the high costs of living that come with living in Boston or other east coast cities like New York or Washington D.C. The average one-bedroom apartment in Framingham is $2,360, and the median home listing price is $510,900.

Entrepreneurial Support

Wherever you choose to move, you will want to research whether or not the community offers support for business owners and entrepreneurs. Framingham is a prime example of a city that loves its businesses. As you go through the challenges of starting or growing your venture, you will benefit from having access to many resources, including:

  • Downtown Framingham, Inc.
  • Small Business Development Center at Clark University
  • MetroWest Chamber of Commerce
  • Framingham Business Association
  • MetroWest Economic Research Center
  • Leadership MetroWest

Living in Framingham

Quality of life is also critical when it comes to choosing where to live. You, your family, and your future employees and customers all stand to benefit from diverse cultures, world-class food, top-notch community events, and kid-friendly parks. Framingham has much to offer in this area. Here are a few examples:

  • Garden In the Woods: Native Plant Trust
  • Amazing Things Art Center
  • Callahan State Park
  • Hanson's Farm
  • Framingham Public Library
  • Action Athletics
  • Chocolate Therapy Birthday Parties
  • Plaster Fun Time
  • American Heritage Museum

Colleges and Universities

Being surrounded by renowned educational institutions can do wonders for a new or growing business. Even if you have no plans of going back to school to earn a degree, you will benefit from having an excellent talent pool to choose from when there are good colleges and universities near your city. And it doesn't get much better than the schools in the Framingham area! Here are a few of the many options:

  • Framingham State University
  • Wellesley College
  • Babson College
  • Boston College
  • Harvard University
  • Regis College
  • Massachusetts Bay Community College

General Business Tips

If you are starting a company, you have many other things to think about in addition to the city to which you are moving. Get an early start on your business preparation responsibilities so that you can launch on a firm foundation. For example, choose a business structure that will work in your company's favor. Consider forming an LLC so that you and your business are protected from liability. If you work with a service like Zen Business, you can rest assured that your LLC is established in compliance with state regulations.

You will also need to create a catchy business name that represents your mission, values, and offerings, and then you will need to register it with the state. And of course, you will need to research any licenses and permits you must obtain before opening up shop. If you would like additional tips on getting your business up and running, visit cryan.com to access informational blogs, multimedia, and other entrepreneurial and technology resources!

Choosing a city for your family's next chapter can be challenging. But if you consider the information and advice above, you can make the process easier and less stressful for everyone in your household. Framingham is a beautiful business-friendly town that has plenty to offer for adults and kids alike!

Would you like to read more helpful content on business, software, and more? Visit cryan.com today!

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