The cost of doing business in Massachusetts, particularly outside the Greater Boston area, is high compared to other parts of the country and threatens the overall competitiveness of the state, according to a new report.
“While the Boston economy may be able to absorb some of the higher costs, that may not be the case in Franklin County,” McAnneny said. “If you’re a business looking at Massachusetts, it’s important to look at different parts of the state because the wages may vary, absolutely. But some of the other cost components are high.”
"Massachusetts has made few gains over the past decade in bringing the cost components of doing business in line with other states and, in some instances, we have fallen farther behind," Foundation President Eileen McAnneny wrote in a letter accompanying the report's release.