Massachusetts Business from the Old State House to Bioengineering

Massachusetts is a densely populated state of 6.4 million, of which over 4 million live in the Boston metropolitan area, on the Atlantic Coast. Boston is also the capital of the state. The Rte 128 corridor around the city is known for its hi-tech and research firms. Cambridge, a city of 100,000 just north of Boston also has a good deal of hi-tech and bio-technology firms, around MIT and Harvard University. The state has also gotten some fame and problems with the downtown Boston project, the huge Central Artery/Tunnel Project, known as the “Big Dig”. In any case, there are plenty of possibilities for your Massachusetts Incorporation. The Boston area has an impressive subway system and also Commuter Rail, run by the MBTA. Commuter rail has been introduced to Worcester and Springfield as well.

The state remains largely rural out of the greater Boston area. Cranberries are grown in the area on the way to Cape Cod in Southeast Massachusetts, and there is a substantial fishing industry. Other agricultural products are fruits, nuts, berries, dairy and animal cattle raising. Cape Cod and the miles of sand dunes of the Cape Cod National Seashore have become a major tourist attraction, along with the upscale island of Martha’s Vineyard. Summers in the cool Berkshire Mountains in the western part of the state are a regional favorite, as well as winters going skiing. Massachusetts has a flat-rate personal income tax of 5.3-percent a year, over a certain income, and a 5-percent sales tax.

Boston is known as a college town, including top schools in nearby Cambridge, such as Harvard, and in Boston, Boston University and Northeastern University. Companies in the Boston include biotechnology companies like Merck & Co., Millipore, Genzyme, and Biogen.

Tourism is another large part of the economy. In Boston there are the historic sites going back to the American Revolution, including Paul Revere’s House, and houses, churches and graveyards of the North End. Downtown there is still the pre-revolution Old State House, and other sites are popular in Concord and Lexington, scenes of the first battles of the American Revolution.

Financial and investment companies are important to the city, from State St. Bank, to the Boston-based Fidelity Investments. There also are the regional offices of Bank of America and a considerable amount of publishing companies. The city contains four convention centers, including the Hynes Convention Center, which is directly connected to shops and fine hotels by above street corridors.

The city is home to four major convention centers: the Hynes Convention Center in the Back Bay, the Bayside Expo Center in Dorchester, and the World Trade Center Boston and Boston Convention and Exhibition Center on the South Boston waterfront. Because of its status as a state capital and the regional home of federal agencies, law and government is another major component of the city's economy. And then of course, there are still the substantial facilities for shipping of the port of Boston.

Springfield in Massachusetts’ second largest city with 150,000 people, and is located on the Connecticut River in the western part of the state. Like Hartford, Connecticut, 100 miles south it has a substantial insurance and banking sector. Massachusetts Mutual Life Insurance Company is a large Fortune 500 company that is headquartered in Springfield. Likewise the office of the Toronto Canada-based TD Banknorth has its Massachusetts headquarters in Springfield. Then there is Smith & Wesson, the famous producer of handguns. The Indian Manufacturing Company has its headquarters in Springfield too, a produces motorcycles.

--
Howard Giske writes about how to get your
Massachusetts Incorporation
and other business info at Inc Paradise