The Town of Barnstable has been named among the Top 5 small metros in America for small businesses according to a recent study by CoworkingCafe:
2. Barnstable Town, MA
Barnstable Town lands second with a profile that surprises on almost every metric. There are 15,450 local ventures per 100,000 residents, and these businesses make up 68% of total employment. Furthermore, about two out of three jobs in this economy are in homegrown businesses, attesting to the metro’s strong entrepreneurial spirit.
Business survival also holds at 91.6% for the second-best rate in this group. At the same time, GDP grew 28.5% from 2019 to 2023 — a solid expansion for a seasonal market. Plus, for the local self-employed population, coworking offers a space for professionals to conduct business that isn’t a coffee shop. At $200 per month for Barnstable Town flex workspace, with 2.2 spaces per 100,000 residents, the supply is lean relative to demand. That said, for a market this dense in small businesses, there’s room for the infrastructure to expand to accommodate the workforce it’s meant to serve.
For anyone interested in starting a business in Barnstable, please visit this webpage to learn more about requirements and resources for new business owners: https://businessbarnstable.com/starting-a-business/
Town staff also recently published a summary of ongoing efforts by the Town to support the business community: https://businessbarnstable.com/town-initiatives-to-support-the-business-community/
