It is no secret that small businesses make the U.S. economy tick, and Massachusetts is no exception. According to the United States Census Bureau’s Statistics of U.S. Businesses, almost 98% of all employees in the state are employed by small firms, many of which are family-owned businesses.
Marlborough’s cluster of local service providers, small manufacturers, and retailers has long made up the fabric of the city’s economy. Marlborough is the proud home of one of the largest family-owned companies in Massachusetts—the award-winning staffing firm, Davis Companies. Leading local employers, like Marlborough Hospital, Main Street Bank and Universal Window and Door, not only create a large number of jobs for the city’s residents, but also provide important, and in some cases, life-saving services to their patrons.
With the large number of new companies moving into Marlborough, many of the city’s small businesses have benefitted greatly from the rise in traffic and customers. MEDC also recently launched its Economic Development Toolbox, which offers various means of financial assistance to entrepreneurs and small businesses that want to move, open, or expand in Marlborough.
- Through its Economic Development Toolbox, Marlborough offers a variety of financial incentives to small businesses and entrepreneurs who want to locate in the city.
- There are close to 70,000 small businesses with fewer than 100 employees, making up 96% of all firms in Middlesex County.
- Marlborough is home to one of the largest family-owned companies in Massachusetts.
- There is 8.8 million SF of rentable general office space, 153,000 SF of rentable restaurant space, and 82,123 SF of rentable general office space in Marlborough.*
* Totals provided by CoStar as of March 21, 2017.