May 16th, 2024
Boston Business Journal recently published an article featuring Jay Zagorsky, Clinical Associate Professor of Markets, Public Policy, and Law, discussing how BBJ’s Fast 50 list for this year indicates a notable slowdown in revenue growth compared to the past decade.
This slowdown is attributed to various factors like high interest rates, a tight labor market, and decreased investment in venture capital and mergers and acquisitions. In Boston specifically, the high cost of living adds challenges for companies looking to attract and retain talent.
“We, like all cities, have problems. No city is perfect, and we have very high costs of living. But if you have a great product or service, you can power through that,” Zagorksy adds when speaking of growing companies.
As the economy transitions from pandemic-related aid and low-interest rates, the trajectory of growth for companies remains uncertain.
