Change and improvements are key to business prosperity, and no business can reach the top if restricted to one area. Relocating a business has many advantages, including saving money, reaching new markets, providing more space for expansion, contributing to a company reorganization, etc.
However, risking the source of income for many employees, spending a fortune, and putting the current stable state of the business on the line isn’t very inviting and requires long contemplation.
And here, the question remains, where is the best place to make your business strive?
Is Virginia or Massachusetts the better state to relocate your business to? Here’s everything you need to know about both states to make your decision easily and confidently.
All you need to know about Virginia
“Virginia is for lovers” is a 1969 tourism and travel slogan because Virginia has always been a vacation destination. So, many people think about it last when deciding to relocate their business.
But actually, that’s a very wrong belief; Virginia is really worth it. Below are the advantages that make Virginia a good place to move your work to:
Business-friendly environment
According to CNBC’s yearly ranking of America’s top states for business, Virginia was the first leading state in 2007,2009,2011,2019, and 2021. For that reason, Amazon selected Arlington, Virginia, for its second headquarters. Not to mention the fair tax structure it has. All companies pay the same tax regardless of the incorporation’s location.
Excellent location
Moving a business to Virginia means acquiring a strategic location close to Washington DC in the Metropolitan area on the US east coast. Such an important location comes with an advanced infrastructure of railroads, airports, highways, and seaports, allowing established companies to get products to the market easily.
Skilled working force
Virginia is special from a business point of view because of its talented and efficient workforce, and it is home to over 175.000 workers. Virginia businesses will benefit from the dedicated workforce and the low hiring cost.
Since 32% of the residents have at least a bachelor’s degree, a company established there would be provided with educated workers; furthermore, it has the second largest condensation of IT employees in particular.
Low crime rate
Virginia is the perfect place for any business to flourish because it has the lowest crime rate among all the South Atlantic states, with a criminal record of 2.1 incidents per 1.000 people, which is 3.7 below the national average. Statistics indicate crime rates are decreasing every year.
In the end, if a safe business-friendly environment with a strategic location and skilled workers are top priorities in your business plan, Virginia should be considered the next destination.
What do you need to know about Massachusetts?
On the other hand, Massachusetts’ fame for housing the prestigious Harvard University and presenting delicious food can go beyond the academic and food industry. Some business owners keep it in mind to expand, relocate, or start a business.
We will list a few advantages that make Massachusetts a good business relocation option:
Access to Different Markets
Sometimes despite all the paid efforts for branding and advertising, a business does not work simply because the market is not sophisticated enough. But in the case of Massachusetts, you will never worry about the marketplace, as it’s very inviting and lucrative. The variety of industries in the job market is another plus for Massachusetts.
Ultimately, Massachusetts is a better place to support and follow growth.
The best healthcare system in the US
The Bay State ranks the healthiest state in the country with access to primary care, many mental providers, and strict anti-drug programs. It has the highest percentage of insured adults and children. So, when considering relocating employees with you, the healthcare system is an attractive asset that will even be inviting to employees with families.
Sustainable living
Massachusetts is named one of the most sustainable states in the entire country. Boston, in particular, has taken many measures to ensure environmental sustainability and economic vitality by embracing all forms of sustainability. The “go green” movement is not only a lifestyle, but also extra attention is paid to protecting water, air, and land sources.
Alternative and renewable energy is encouraging because they are cheap and eco-friendly solutions that take part in the well-being of the life and economy of the state.
Consequently, sustainability is going to influence the business positively.
Eventually, when your business outgrows the place, relocation to an area with larger markets, a better health system, and sustainable living is the goal, then Massachusetts is the answer.
It is a great place to live in
Moving on from all the professional factors in Massachusetts that contribute to the business’s success, life there, generally, is perfect in all aspects. Summers there are awesome, the seafood is world-famous, schools and universities are top-notch, and the history is rich.
Pro Tips
The Relocation Process does not happen overnight and should be carefully planned.
Thus, keep the following points in mind before relocating your business:
- Set a full budget: a relocation involves extra unplanned expenses such as temporary housing and taxes. So, do the math and figure out how much money you will need to plan your relocations successfully.
- Hire an auto transport company: transporting a vehicle – if not done with expert help- will create further pressure on us. Experts in this domain, such as Tempus Logix, will smoothly and safely transport our automobile, not to mention offering competitive and affordable quotes.
- Hire a moving and packing company: this basic first step will solve moving complications and save you time and effort from packing stuff to moving them.
- Find a place to live in our new destination: everything should follow the plan. So we can find an affordable and suitable place to settle down.
Conclusion
Relocating a business is a bold decision, and wisely choosing a location is tough. Therefore, detailed research about the possible destination with a moving plan encompassing everything will end all problems.
