Tag Archives: Mass Alliance for Economic Development

Jon Sockol: Massachusetts Provides Resources to Draw New Business to Thriving Entrepreneurial Environment

Jon Sockol is a Massachusetts-based executive with a track record of success in commercial real estate investments. Mr. Sockol has been President of Vivon Corporation for over a decade.

The University of Nebraska-Lincoln conducts an annual survey of the entrepreneurial climate in U.S. states. Five factors determine each state’s rankings: business growth (per capita and percentage), business formation, patents per capita, and income per proprietor. In 2012, Massachusetts earned top honors, thanks to exceptional rankings in business growth, patents, and income, based on 2011 data.

Despite this success, business formation in Massachusetts has opportunity to improve – and the state of Massachusetts has an online, step-by-step guide for prospective entrepreneurs. The guide compiles links and advice from trusted resources, including the Massachusetts Small Business Development Center, the U.S. Small Business Administration, and the Internal Revenue Service. In addition, the state website (Mass.Gov) advises entrepreneurs on key topics such as getting training, choosing a location, obtaining financing, and more.

In addition, the Mass Alliance for Economic Development—known as Mass Econ—helps market the attractive qualities of doing business in Massachusetts. MassEcon also helps prospective entrepreneurs gather essential data and research prospective locales for their new ventures. These resources can help draw new businesses to a thriving entrepreneurial environment.

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