A large number of colleges in the area mean companies might do their best recruiting on campuses. Plus Massachusetts is close to other states in the area. The pool of potential employees easily extends to New Hampshire, Rhode Island, or Connecticut.

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START-UP NY helps new and expanding small businesses through tax-based incentives. This program offers new and expanding businesses the opportunity to operate tax-free for 10 years on or near eligible state university and college campuses in New York State.

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New York reports the fourth highest per capita GDP in the nation, at $63,929. New York also has better than average numbers for the rate of new business owners.

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Business opportunity seems to favor business owners here more than in other states.  But its living costs are among the most expensive in the nation.

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If superlative characteristics are important to a business, then the business really has but one choice, and that’s to raise the high end of the salary range.

But they would likely have to do that anyway.

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Fit Small Business praises Vermont for its #1 quality of life and its #4 labor market. The labor market is a measurement of both the desirability of an area and the number of people with bachelor degrees. Vermont also scores well for the costs of starting a business.

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There are many steps to starting a business.  It is important to start on a firm foundation. Then, when the twists and turns come, you can be safely secured in your seat.  That means ensuring you have a name and EIN, and all the licenses and registrations necessary at each level of government. Also, make sure that you are legally incorporated.  

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Check out our handy guide to starting a business in any state in the country.

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The Keystone State has 0.18% of its adults opening new companies in a given month.  The state also scores low for opportunity share of new business owners. This is as compared to the rest of the country. These issues give the state one of the worst startup activity scores listed.

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