Business

Worcester, Massachusetts, is the best city for small businesses of 2025

The annual Biz2Credit study on more than 60,000 companies in the United States found that the HUB Technology New England is accessible, educated, young and relatively affordable.

Worcester, Massachusetts, is n ° 1 among Best small businesses In America in 2025, according to the annual examination of biz2credit on the financial performance of small businesses across the country. The study examined 75,000 requests for credit and candidates from small to medium-sized companies made on the biz2credit of the country's whole business financing platform for the whole year (2024).

The study examined financial indicators, including annual income, credit rating, business age and bizanalyzer® companies that requested funding via the online site. The analysis revealed that the average income of small businesses increased while credit scores decreased slightly.

In relation: How to improve your credit scoring and guarantee a commercial loan

Worcester, Massachusetts

Located 45 miles west of Boston, Worcester had high annual income, high credit ratings and mature businesses. It is the second city in New England and the fastest with a population that increased by 14% between 2010 and 2020. According to the 2020 census, the population of Wooster (206,518) is at its highest point and 51% of residents are under 35 years of age.

The city benefits from an educated workforce, thanks to the many colleges and universities in the region, notably Wooster Polytech (Wpi), one of the best schools in the country for mechanical engineering and IT. The region also houses the Umass Chan Medical School, which forms the entire range of medical disciplines, emphasizing practice in primary care specialties, as well as the College of the Holy Cross, which is classified n ° 28 of the 211 national colleges of liberal arts by US News.

Graduates of these schools and others have contributed to strengthening Worcester’s economy, which is fueled by advanced manufacturing, robotics, biotechnology, bioprome, IT sciences and other high -tech sectors.

In addition, more than 2,700 new companies have been created in the past year in the county only. Higher education establishments provide talents and new ideas on the market, according to the Worcester Chamber of Commerce. In fact, the professional, scientific and technical sector has increased by a third, representing 3,498 new jobs in the county of Worcester between 2000 and 2010. The areas with the most growth are research and development of computer systems, including the design of video games, which increased by 40% and 46%, respectively.

An influx of private and public investment has helped old and new businesses. In addition to having a flourishing technological sector, Worcester has a scene of diversified and lively catering, with a wide range of international kitchens and many large local craft brasseries.

Over the past 10 years, the city has seen $ 4.5 billion in major development projectsAccording to Worcester Chamber, which was at the forefront of the city's strategic effort to recruit new businesses, keep and develop a talented workforce and promote entrepreneurial innovation in the region. The City benefits from offering a rationalized license process, an infrastructure with advanced fiber optics and resources to help business development, site selection and financing options.

Meanwhile, the cost of business (for example, real estate, labor and cost of living) in Worcester is cheaper than large metropolitan areas nearby, but with many advantages and amenities offered by major cities. Accessibility is another advantage. Wordster only an hour's drive from other major metropolitan areas of New England such as Boston, Providence, Manchester and Hartford and is served by seven main highways. The City has daily suburban trains for the city center of Boston and houses Worcester regional airport with commercial flights on JetBlue, American Airlines and Delta.

Other top 5 cities

According to the analysis of Biz2credit, the other cities of the first five are: Ventura, CA, Greater Bridgeport-Stamford, CT, Portland, Or, and San Jose, CA.

California continues to have a bastion in our ranking, with two of the first five from the Golden State. The economy of n ° 2 Ventura, Californiais diversified with specific forces in agriculture, manufacturing, health care, retail and hospitality. Small companies in the county of Ventura (Ventura and Oxnard) had high annual income ($ 1,075,489), a strong average credit point (679) and are mature companies.

THE Commercial environment in the county of Ventura Offers a unique combination of infrastructure, skilled labor, financial stability, market access and quality of life. The Business Green Business program of the county of Ventura is a free certification program that helps small and medium -sized enterprises by implementing sustainable and economical measures.

The top 5 of this year continues to show the strength of the coastal states of our country as centers for small and medium -sized enterprises.

THE Large Bridgeport-Stamford region is a employment center with industry concentrations in manufacturing, health care and retail / services. In fact, the region experienced a net increase of 5% of jobs between 2010 and 2020, while the rest of the Connecticut experienced little or no growth, according to the Council of Metropolitan Governments in Connecticut (Metrocog).

The cost of living in the large area of ​​Bridgeport is almost 15% lower than that of Boston and almost 30% lower in New York. The organization also reports that almost 50% of local workforce has at least one baccalaureate and an additional 20% with university training. The region's labor pool can practically meet all the requirements of the employer, higher management, technical and office employees to qualified employees for the production chain.

Large portland Has the perfect mixture of inherited industries and emerging technologies. The Grand Portland is a destination for small businesses, as well as for global brands. The main west coast of Portland improves the ease of doing business there. With three ports and one of the best American airports, export companies benefit in particular from the national and global connectivity of Portland.

In addition, the Grand Portland is home to a constant influx of young skilled talents. With labor development programs in local public institutions and public-private partnerships in universities advancing key industries, the region's talent is the engine of Portland's economic development strategy.

San José fell from first place On the list of the best cities of small businesses in biz2credit. Located in Silicon Valley, the local economy is fueled by technological companies and companies that serve them. The City is home to around 66,000 companies that employ a total of 439,000 workers in sectors ranging from advanced manufacturing to health care through software.

This city has an educated workforce; 50% of San José residents have a university degree or more 1 in 3 residents from San José have a baccalaureate or more. The city center of the city is the only urban live working environment in Silicon Valley, which houses more than 250 restaurants and cafes, more than 40 cultural places, thousands of new high-rise houses. He also has many shopping destinations, including downtown and Santana Row.

You will find below the full list of the 25 best cities for small businesses for this year (with a 2024 ranking in parentheses):

  1. WORSTER, MA (not classified)
  2. Ventura / Oxnard, CA (13)
  3. Grand Bridgeport, CT (5)
  4. Portland, or (7)
  5. San José, CA (1)
  6. Seattle, wa (4)
  7. Salt Lake City, UT (11)
  8. Colorado Springs, CO (3)
  9. Nashville, TN (22)
  10. Denver, CO (15)
  11. Buffalo, NY (not classified)
  12. Providence, RI (9)
  13. San Diego, CA (6)
  14. San Francisco, CA (2)
  15. Fresno, CA (not classified)
  16. Boston, Ma (12)
  17. Richmond, go (not classified)
  18. New York City, NY (8)
  19. Los Angeles, CA (17)
  20. Washington, DC (16)
  21. Baltimore, MD (10)
  22. Hartford, CT (23)
  23. Myrtle Beach, SC (not classified)
  24. New Haven, CT (not classified)
  25. Indianapolis, in (not classified)

Other key results among the best cities of small businesses

  • The most notable change was that the California technological bay region fell from last two places last year (San José and San Francisco).
  • The main industries among the best cities are retail, construction, health care and social assistance and accommodation and food services.
  • The average credit scores decreased by 5 points, from 652 to 647.

Small cities behaved well in the analysis; Seven of them are new in the ranking this year: Worcester, MA (1), Buffalo, NY (11), Fresno, CA (15), Richmond, VA (17), Myrtle Beach, SC (23), New Haven, CT (24) and Indianapolis, in (25).

Likewise, during a year when the cost increase had an impact on many companies, the largest metropolitan centers, which are generally among the most expensive places to live and work, lost. New York fell from the Top Ten 2024 (n ° 8) to n ° 18 in the ranking this year. Los Angeles, the second largest city in the country, abandoned two places from 17 to 19 years old. San Diego, the eighth most populous city in the country, fell from n ° 6 to n ° 13. Chicago, Houston, Philouix, Philadelphia, San Antonio, Dallas and Jacksonville, FL, did not make the list.

The study of the best cities of small businesses 2025 is based on real verified cash flows of companies on the Biz2Credit platform in 2024. Cases submitted with annual turnover exceeding $ 5 million were excluded from income analysis.

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