City of Cambridge Economic Development Programs

Cambridge is widely recognized as an urban success story—a place where people want to live, work, learn and enjoy. The City’s longstanding policy commitments are clearly paying off: our affordable housing stock is growing; biking is way up while automobile use down; and commercial and residential property owners of all sizes have embraced green building as a strategy for cost-saving and marketing.

The Economic Development Division is responsible for a wide range of activities designed to meet the City's need for a diversified and thriving economic base. The goals of the Division include:

  • Promoting thriving commercial districts;
  • Cultivating a supportive environment for small, women and minority-owned businesses;
  •  Promoting a real estate market that offers a diverse array of options for the development and leasing of business properties of different sizes use categories.;
  • Supporting efforts to sustain a diverse array of employment opportunities accessible to Cambridge workforce;
  • Marketing Cambridge as a location for business; and
  • Maintaining a supportive business climate.

Cambridge remains a strong choice for technology, life sciences and research companies, and start-up entrepreneurs seeking competitive business advantages. They are drawn by the city’s accessibility for walking, biking, and public transit; the mix of neighborhoods and vibrant commercial centers; a culture of arts, creativity and culinary stand-outs; the presence of world-class educational and health care institutions; and a storied history of being a place where everyone is welcome to take root and thrive as part of a larger community.

The Economic Development staff offers a variety of business development services to Cambridge small businesses. Staff assists businesses from many business sectors, including high and low technology businesses, minority-owned and women-owned businesses, and small businesses in all stages of development. Aspiring, emerging, or accomplished businesses receive help with business development.

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