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Economy

What Rising Costs Mean for Boston’s Small Businesses in 2026

Boston-area inflation is running at 3.7% year-over-year, led by a 16% jump in energy costs and rising shelter prices, squeezing small business margins across the region.

Nathan Strickland

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Illustration for “What Rising Costs Mean for Boston’s Small Businesses in 2026”
Boston Made, Inc.Office of the Founder & Chairman
From the desk of Nathan StricklandBoston, Massachusetts ·

Dear Sir or Madam,

Small business owners in Greater Boston are contending with a cost environment that, while cooling in some categories, is still squeezing margins in the places that matter most: energy, rent, and labor.

What’s driving prices higher

The Boston-Cambridge-Newton metro area’s consumer price index rose 3.7% year-over-year as of July 2026, according to federal labor statistics. Energy costs are the biggest culprit, up 16.0% over the year with gasoline alone jumping 30.5%. Shelter costs — which factor into commercial as well as residential rents in many small-business leases — climbed 4.7%, and education and communication costs rose 4.5%.

Core inflation, which strips out food and energy, still expanded 3.0% over the year, with shelter again cited as the single largest contributor to price growth over the most recent two-month period.

Where businesses are catching a break

Not every cost is rising. Apparel prices actually fell 6.9% over a recent two-month stretch, and dairy prices are down 2.9% year-over-year — the lone decline among major grocery categories. For retailers and restaurants, that’s a modest offset against the bigger increases in energy and occupancy costs.

Why small businesses feel it more than big ones

Unlike large employers, most small businesses can’t hedge energy contracts or negotiate multi-year rent concessions at scale. A double-digit jump in energy costs and a near-5% rise in shelter costs hits a neighborhood restaurant or independent retailer’s bottom line directly and immediately, often faster than it shows up in headline economic data.

That squeeze is happening against the backdrop of a broader economic picture that’s sending mixed signals: statewide job growth is outpacing the national average, but biotech layoffs, corporate relocations, and population loss have all been part of the conversation about the health of the Massachusetts economy this year.

What owners can watch for

Energy and shelter costs are the two line items most likely to keep pressuring small business margins through the rest of 2026. Boston Made’s Economy desk will continue tracking regional CPI data as new releases come out, along with the state and local policy responses aimed at easing costs for small employers.

Founder & Chairman of Boston Made, Inc., a Boston-based media and business portfolio company. I lead Boston Made's independent, hyperlocal coverage of Boston's economy, businesses, and neighborhoods, alongside a growing portfolio of Boston-rooted brands — including Boston Made Pets, where my passion for dog wearables and canine wellness lives on. I’m an avid reader and journaler who believes in reporting that's closer to home.

Corporate News

Parking, Tides and 18 Million Visitors: The Research Behind Boston Made’s Grand Strand Launches

Tourism data, seasonal parking rules, and the economics of searching for a space explain why Boston Made launched Grand Strand App and Spot Check App together, and what they still have to prove.

Nathan Strickland

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Grand Strand app promo: the Myrtle Beach coastline at sunset with “Explore grandstrand.app”
Boston Made, Inc.Office of the Founder & Chairman
From the desk of Nathan StricklandBoston, Massachusetts ·

Dear Sir or Madam,

BOSTON — Boston Made, Inc. has added two consumer platforms to its portfolio, both aimed at the same 60-mile stretch of South Carolina coastline: Grand Strand App, a live local guide and trip concierge, and Spot Check App, a peer-to-peer parking marketplace. A look at the tourism and parking data behind the region shows why the company chose to launch them together, and what the two products will have to prove.

A large market that had a softer year

The Grand Strand is one of the biggest leisure-travel markets on the East Coast. According to Visit Myrtle Beach, the area drew about 18.2 million visitors in 2024, who spent roughly $13.2 billion, up 5.3% from the year before. The organization puts the total economic impact at more than $26 billion and credits tourism with more than 82,000 direct and indirect jobs across the region.

The trend did not hold into 2025. Data released by Visit Myrtle Beach and the Myrtle Beach Area Chamber of Commerce showed tourism down 3% for the year, WMBF News reported in February. Explanations varied, including severe-weather worries, negative social-media attention, and household budgets that kept some travelers home. Local tourism leaders said the recovery would depend on the experiences the destination offers, such as live music, theater, the beach, and food.

Why it matters: In a softer year, the destinations that win are the ones that are easiest to plan and enjoy. That is the gap Grand Strand App is built for. Rather than a static directory, it opens on live conditions: surf, the next tide from the NOAA gauge at Springmaid Pier, beach-safety notes, and weather. Its concierge then suggests three stops with drive times based on the weather, the tide, and the time of day.

Parking is a seasonal policy question

Parking on the Grand Strand changes with the calendar. In Myrtle Beach’s downtown district, which runs from Sixth Avenue South to 21st Avenue North, paid parking returned on March 1, 2026, and runs through September 30, with enforcement from 9 a.m. to midnight, seven days a week, and tickets starting at $30, according to WMBF News. From October 1 through the end of February, city-metered spaces downtown are free under a City Council decision to restore off-season free parking.

The result is a market where demand peaks in exactly the months when public parking costs the most and is hardest to find, while private driveways and garages a few blocks from the beach often sit empty.

The cost of searching is not trivial anywhere. A widely cited 2017 INRIX study estimated that the average U.S. driver spent about 17 hours a year looking for parking, at a cost of about $345 per driver in wasted time, fuel, and emissions, or $72.7 billion nationally. The figures are national and several years old, but the pattern they describe is sharper in a crowded beach town during peak season.

How the two products fit together

Spot Check’s model is simple. Drivers search a live map of driveway, garage, lot, street, covered, and EV-charging spaces, each showing status and an hourly price. They message a host or send a booking request, park, and leave a review. Hosts list a space in about two minutes by dropping a pin, choosing a type, and setting an hourly price and size or clearance.

Grand Strand App acts as the demand funnel. Its navigation includes a “reserve a driveway” link to Spot Check and a “list a parking space” link for owners, and its Grand Strand Season series covers parking topics directly, including free downtown parking, North Myrtle Beach parking, and whether rental guests should use valet service. Spot Check, in turn, publishes a daily Parking Briefing that is syndicated into Boston Made Reader.

The pairing reflects a strategy Boston Made has used across its portfolio: a content product that earns daily attention, linked to a transactional product that serves the need that content keeps surfacing.

What the platforms will have to prove

  • Supply before demand. Any two-sided marketplace has to recruit hosts before drivers will trust the map. Spot Check’s early inventory is small, and growth will depend on reaching homeowners and rental owners near high-traffic areas.
  • Local rules. Renting a driveway can be affected by municipal ordinances, HOA covenants, and rental-property agreements. Hosts will need clear guidance, and the platform will need to keep pace with local policy.
  • Trust and accountability. Reviews are Spot Check’s main trust mechanism today. Clear booking terms, dispute handling, and verified listings will matter as volume grows.
  • Seasonality. With free downtown parking for five months of the year, Spot Check’s value is highest in spring and summer and around events. Grand Strand App’s off-season content, from fall calendars to shoulder-season itineraries, has to keep users engaged in the quieter months.
  • Data quality. A live guide is only as good as its feeds. Grand Strand App’s reliance on marine forecasts and NOAA tide data is a strength, as long as those inputs stay current and clearly labeled.

The bottom line

Grand Strand App and Spot Check App are small, early products in a large regional market. Their bet is that a guide people check every morning can create steady demand for a parking marketplace, and that a parking marketplace gives the guide a practical reason to exist beyond inspiration. Both brands are now profiled on the Boston Made Brands page, and the founding story is on bostonmade.com.

Sources

  • Visit Myrtle Beach, destination statistics: context.visitmyrtlebeach.com
  • WMBF News, “Myrtle Beach tourism down 3% in 2025, local businesses hope for better 2026” (Feb. 5, 2026): wmbfnews.com
  • WMBF News, “Paid parking returning to Myrtle Beach downtown district this weekend” (Feb. 27, 2026): wmbfnews.com
  • INRIX via Parking.net, “Searching for Parking Costs Americans $73 Billion a Year” (2017): parking.net
  • Product details from grandstrand.app and spotcheckapp.com, reviewed October 8, 2026.

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Economy

Fed Minutes Keep Another Rate Hike on the Table as Inflation Stays Stubborn

Nathan Strickland

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Fed Minutes Keep Another Rate Hike on the Table as Inflation Stays Stubborn
Boston Made, Inc.Office of the Founder & Chairman
From the desk of Nathan StricklandBoston, Massachusetts ·

Dear Sir or Madam,

The latest Federal Reserve minutes keep another rate hike on the table as inflation remains stubborn. Officials are balancing the need to restore price stability against the risk of slowing an economy that is still producing jobs.

That tension is keeping markets focused on the language around patience, persistence and financial conditions. A single report may move expectations, but the direction of inflation will determine the policy path.

Households and companies should plan for rates to stay restrictive until the data provides a clearer signal that price pressures are cooling.

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Economy

US Stocks Press Toward Records as Cooler Hiring Eases Inflation Fears

Nathan Strickland

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US Stocks Press Toward Records as Cooler Hiring Eases Inflation Fears
Boston Made, Inc.Office of the Founder & Chairman
From the desk of Nathan StricklandBoston, Massachusetts ·

Dear Sir or Madam,

US stocks are pressing toward records as cooler hiring changes the balance between growth and inflation. A softer labor market can reduce pressure on wages while leaving consumers and businesses with enough momentum to keep the expansion moving.

Investors are watching whether that balance can hold. The best outcome is a gradual cooling that gives the Federal Reserve room to ease without signaling a deeper slowdown.

For now, the market is rewarding evidence of resilience, but the next round of employment and inflation data will matter more than any single milestone.

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