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7 Best Cities to Start a Business

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By    |   Thursday, 07 September 2017 02:01 PM

Where you start your business can make a big difference in its success in many cases. The location often benefits from business-friendly cities that attract entrepreneurs and skilled employees.

Some cities offer business or tax incentives. Certain areas are near colleges or other companies that provide a new business owner with a strong workforce pool for hiring purposes. Business partners and investors are also important ingredients when choosing a location.

Living near or in a city that has potential for a thriving business environment increases the chances for success. Here are seven of the best cities to start a business:

  • Austin, Texas — With no state individual or corporate income taxes, this city has an array of industries with many small businesses created every year. Austin was voted the top metro area to start a business in America by CNBC. It’s a tech area with many young people from the University of Texas looking for jobs.
  • Provo, Utah — Many businesses are pouring into Provo, which has a low unemployment rate and cost of living. A family-friendly environment, entrepreneurs can find a skilled workforce from Brigham Young University. It was listed second in CNBC’s top metro areas to start a business.
  • Carbondale, Illinois — It has the lowest labor costs in WalletHub’s analysis of best and worst small cities to start a business. Carbondale is among the small cities with the highest average growth rate of small businesses.
  • Oklahoma City, Oklahoma — The city’s more than 18,600 small businesses nearly doubles the national average for metro areas. Kiplinger named it the number one great city for starting a business. Incentives include affordability, low living costs, and low business costs. There are also city and state incentives that offer financial rewards for companies that create new positions.
  • Boulder, Colorado — The thriving tech industry in the area made Boulder rank second in the top cities to launch a startup, behind Oklahoma City, according to Entrepreneur. Located near the University of Colorado, the city is also surrounded by nature and the great outdoors.
  • Minneapolis, Minnesota — Many financing programs from the city help with the creation of new small businesses to the area. The state has low business tax rates. Minneapolis provides a talented and educated workforce to help entrepreneurs start a business.
  • Miami, Florida — Miami has a diverse population and a wide range of business opportunities. The business-friendly city even provides events such as Startup Weekend Miami to help business owners share ideas, Entrepreneur notes.

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Where you start your business can make a big difference in its success in many cases. The location often benefits from business-friendly cities that attract entrepreneurs and skilled employees.Some cities offer business or tax incentives. Certain areas are near colleges or...
cities, start, business, best
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2017-01-07
Thursday, 07 September 2017 02:01 PM
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