Boston-based Baystate Financial Services has earned a 2011 Small Business of the Year award from the Greater Boston Chamber of Commerce.

The financial services firm provides professional and business clients with services and products designed to help meet specific financial needs.

This year’s awards honor the top 10 small- and high-growth businesses in the Greater Boston region, according to a statement. The companies awarded have gross revenues of more than $1 million and display strong financial performance, achievement in management, workplace excellence, product innovation and community or social responsibility.

"In recognition of the significant impact that small business has on our region’s economy, this year the Chamber will honor Greater Boston’s top 10 small businesses," said Paul Guzzi, president and CEO of the Greater Boston Chamber. "The 2011 winners are an excellent representation of the entrepreneurial spirit, focus on excellence and commitment to the community that define our region’s small businesses."