Cummings' history of entrepreneurial spirit
is hardly surprising that Cummings Properties is one of New England's
strongest boosters of entrepreneurship. Indeed, it would be no exaggeration
to describe entrepreneurs as the lifeblood of the firm's existence for
the last 40 years.
more than 2,100 firms whose business homes are in Cummings buildings,
almost 25 percent lease fewer than 2,000 square feet each. No other New
England developers work so diligently and so hard in recruiting and encouraging
the firm has dozens of client companies occupying large blocks of space,
up to about 150,000 square feet each, its principal niche is with companies
leasing units of 5,000 to 20,000 square feet. Surely, it is much more
expensive dealing with smaller leases, since every lease requires virtually
the same salesmanship, and processing, and paperwork - but the policy
has worked for Cummings for four decades.
Cummings clients are in the process of breaking away from places of business
in their home or garage - their first real step on the road from "garage
to glory." The present Chief Software Architect of the world's largest
and most well known software giant, moved his own software firm almost
20 years ago to Cummings Center in Beverly, MA. He shared with Bill Cummings
the reason for the move: His wife told him that if one more computer programmer
came to work in their nearby home, he might find one less wife living
firm has special arrangements in effect with numerous Massachusetts colleges
for accommodating firms coming out of on-campus "hatcheries"
and other nurturing environments at schools including Harvard, Babson,
MIT, Tufts, Northeastern, and Boston University. In 1999, Bill and Joyce
Cummings endowed the Cummings Chair of Entrepreneurship and Business Economics
at Tufts University.
Properties surely spends heavily in accommodating very small firms, but
it has enjoyed enormous success in helping those firms grow and prosper.
And the growth has, of course, been very profitable for Cummings, as these
often fast-growing firms cumulatively consume great quantities of space.
2007, Cummings Leasing Vice President Eric Anderson established the Massachusetts
Association of Business Incubators (MABI), a member of the National
Association of Business Incubators. MABI is an association created for
the purpose of increasing support for business incubation programs in
Massachusetts, enhancing public awareness, sharing experiences and exchanging
the goal of the Massachusetts
Office of Small Business & Entrepreneurship (OSBE), under the
leadership of Executive Director André Porter, is to provide resources
necessary for success by cross linking with the Commonwealth's many service
providers of technical assistance and financing, as well as directly with
Cummings Properties is proud to be a mentor and business partner to the burgeoning knowledge and talent base in Massachusetts. Come and learn what the company has done . . . and is doing . . . to grow business "right here in the neighborhood!"
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