Wednesday, December 2, 2020
Home Business 5 Best Places for Starting a Business in the US

5 Best Places for Starting a Business in the US

Here are some emerging hotspots for entrepreneurs

The United States of America is well-known for being the land of opportunity. However, when it comes to establishing your own new business, it is key that you consider where it is best to set up shop. Whether you plan to operate in a physical store, or virtually as an online business, there are certain areas in the US that are considered small-business hotspots which all emerging entrepreneurs need to know about. 

Follow us on Twitter to get more updates from us!!

While traditionally, potential business owners would flock to New York and San Francisco to start up, there are many other cities and states that are much smarter options for small business owners. So, we have put together the top 5 places we would recommend for starting a business in the US.  

Virginia 

5 Best Places for Starting a Business
Unemployment is low in Richmond, Virginia, and below the national average at just 3.7 percent, so it is no surprise that new business owners are flocking to this bustling haven of success. Flickr

The state of Virginia has recently become an up and coming place for new business owners, especially the city of Richmond. Richmond offers new entrepreneurs a business-friendly city, with low living costs, a six percent corporate tax rate, and transportation advantages thanks to the Port of Virginia, and Port of Richmond. 

Unemployment is low in Richmond, Virginia, and below the national average at just 3.7 percent, so it is no surprise that new business owners are flocking to this bustling haven of success. 

Washington D.C 

While our nation’s capital is largely seen to be focused on politics, there are many up and coming small business owners that are thriving in Washington, D.C. It is home to a diverse and well-educated workforce and has the highest percentage of residents with a bachelor’s degree or above. The area is known for investing financially in the business sector, and $700 million was pumped into new tech companies in DC last year.  

However, the general consumer tax rate is 5.75 percent, meaning that it is a little higher than some areas in the US. Yet the metro area of Washington D.C is a solid and strong business environment for starting your own business. 

Texas 

Texas is very business-friendly and is now brimming with new startups and businesses in various cities across the state. For example, El Paso is the largest metro area along the US/Mexican border with an 80.4 percent Hispanic population. It has a growing collection of potential entrepreneurs, largely because of the city’s low taxes, labor rates, and energy prices, compared to the rest of the US. 

The city of San Antonio is also emerging as one of the best cities in Texas to start up your own venture, as it has recently become a major player in the Information Technology industry. The sector contributes around $10 billion a year in the region and employs more than 34,000 people. This is a place to watch if you are aiming to start a business in the IT sector. 

5 Best Places for Starting a Business
The city of San Antonio is also emerging as one of the best cities in Texas to start up your own business, as it has recently become a major player in the Information Technology industry. Pixabay

Atlanta

Atlanta is home to more than 5.3 million people and a staggering 150,000 businesses. In Atlanta, you will find many Fortune 500 companies, which is why so many new businesses flock there to establish themselves.

Atlanta also encourages the local startup ecosystem by facilitating host events to bring local leaders and entrepreneurs together, so you won’t be short of networking opportunities

Also Read: Due to Covid-19 Hiring in India Down 7%, Says Report

Florida 

Sarasota, Florida, has become a hub for new businesses, especially online e-commerce companies. The city’s economy is made up of the arts, culture, and education sectors, but $2.6 billion was generated by tourism last year. This has made Sarasota a very appealing area for new business owners to set up and grab their piece of the pie. 

Choosing the best area to start up your own business can be difficult, but by doing your research on your specific industry, you can find the perfect place for you and your company’s future. 

[Disclaimer: The article published above promotes links of commercial interests.]

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,778FollowersFollow

Most Popular

The Oscar Awards Gala Will Not Go Virtual, In-Person Telecast Will Happen

There were a lot of speculations around how the Oscars would be held amid the Covid pandemic, and it is now confirmed the award...

India Is A Key Market For The Japanese Entertainment Industry

Indian interest towards Japanese culture has been growing significantly over the last few years, especially amongst Gen Z, believes Kaoru Miyamoto, Director General, Japan...

Tips To Follow While Protecting Your Kids From Potential Health Effects

Children are more sensitive to the effects of smog and air pollution than adults. Here are some practical tips for you to follow to...

AWS Is A Game Changer For Artists On Netflix

As video streaming turns out to be the savior for millions of people working from homes to refresh their minds, Amazon Web Services (AWS)...

Twitch And Beauty: Could The Streaming Site Rival Instagram’s Hold On The Influencer Market

By Harry Green The key to influencing is access to the audience. Instagram is flexible, in this regard: posts, stories, and live streams are integral...

Is The Previous Generation iPhone Best For You

By Zedd Salem Apple’s iPhones are undoubtedly some of the best smartphones out there. From responsive performance to compelling hardware designs, you can never go...

3 Real Estate Investment Types You Can’t Overlook in 2021

By Sana Faisal Real estate is an incredibly profitable investment. Understanding the difference between residential, commercial, and raw land real estate is essential to selecting...

How Construction Companies Can Deal With Remote Work Setups

By Sana Faisal With the world coming to a grinding halt because of a global pandemic (that seems to be nowhere near stopping even if...

Recent Comments