Location plays a significant role in the success of any small business, especially in a country like the US, where millions of small firms compete to outshine one another. For instance, a small business established in a place with abundant talented individuals has a higher chance of success than a small business based in a poor workforce.
As an entrepreneur planning to start a small business in the US, you must discover the best locations to make your business thrive. This article will tell you the best places to start small businesses in the US. Hence, ensure you read on to discover the most favorable places where fortunes await you in the US.
Las Vegas, Nevada
Las Vegas favors the establishment and operation of small businesses. The city is filled with several skilled individuals that entrepreneurs can hire to work for them. The tax policies in Las Vegas favor businesses as there are no business income taxes, franchise taxes, or personal income taxes.
The talent pool in Las Vegas is big enough to provide employees to perform all kinds of roles associated with small businesses, including professional roles such as those performed by immigration lawyers.
Georgetown, Texas
Georgetown is a city that has various supports that small businesses need to bloom. Energy bills and office rents in Georgetown are very cheap, so small businesses won’t have to spend much money to rent an office. Georgetown’s tax rates are lower than tax rates in many other places in the US.
San Jose, California
Although San Jose has a high cost of living, the city favors the establishment of small businesses because of its good economy. The technology industry is the primary industry that improved the economy of San Jose to the level it is today and has paved the way for several other sectors to thrive.
Businesses can quickly access all the resources needed to establish and operate successfully from San Jose.
Miami, Florida
Miami’s economy favors the establishment of small businesses. As an entrepreneur, Miami is a suitable place to network with various people for businesses. Small businesses will find both employees and customers among the thousands of people in Miami. There are no strict regulations limiting the operation of businesses in Miami.
Raleigh, North Carolina
Raleigh is an ideal location to establish small businesses, especially small businesses requiring skilled workers. A large percentage of Raleigh’s population possess a bachelor’s degree or higher, so it’s easy to get skilled employees to work in newly established businesses. The corporate income tax rate in North Carolina, which is a 2.5% tax rate on businesses, also favors small businesses. So, entrepreneurs don’t have to worry about high tax rates when setting up a small business in Raleigh.
Austin, Texas
In Austin, small businesses have access to varieties of free business resources. These free resources are made available by the local, state, and federal governments. Some non-profit agencies within Austin also provide free business resources to support small businesses.
Establishing and growing small businesses in Austin is easier compared to several other places within the US because of the numerous supports small businesses get. The Chamber even has a team that helps small businesses raise capital to start operations. Also, there are schemes designed to help small businesses attract talented employees.
Portland, Oregon
Portland is a great place to establish all kinds of businesses, including small businesses. Portland is known worldwide as a city that attracts lots of investors. While small businesses may not benefit directly from investors, they are potential customers small businesses can have. In Portland, there are lots of talents who can work in various industries.
Boston, Massachusetts
Boston ranks among the best places in the US to establish small businesses. Startups have access to lots of resources to establish and operate successfully. Its thriving economy will make it easy for businesses to bloom. The cost of living in Boston is low, so entrepreneurs won’t require a lot of money to rent office space or cover personal expenses.
Conclusion
Undoubtedly, many places in the US support small businesses, which is why several entrepreneurs from various parts of the world are immigrating to the US to start a business.
The best of those locations are the ones you’ve seen above, so don’t hesitate to establish your business in those places if you are an entrepreneur.
