Are you living in an incubator for success?
Many people have dreams of owning their own businesses, but the cold hard facts just don't allow them to. The cost of living in particular areas take too large a cut out of your paycheck. But for those who are true to the entrepreneurial spirit, a fraction of you won't mind packing the bags and building a life elsewhere.
I, myself am a San Francisco native. Homes in San Francisco exceed $700,000 in value. It is nearly impossible for me to buy a home without earning a 6-figure income. A 6-figure income is by no means easy to come by even for someone with a Master's degree in a prestigious field. While I try to carve out my own success by non-traditional means, those of you who have a big idea and can use a change of scenery, knowing you have a market for your product or service in another town, here are the cities that could float your boat. The findings here are directly from www.entrepreneur.com and their slideshow on "Best Cities for Small Business."
1. Phoenix, Arizona
Population: 3,250,000
Median Home Price: $268,300
Hot Industries: Service,construction, high tech and aerospace
Significant Startups: 12,388
Why Start Here?
• Numerous 20- to 39-year-olds moving from California to Phoenix
• Low commercial rents and plenty of available land
• The city of Phoenix helps guarantee SBA loans through its Expansion Assistance and Development (EXPAND) program
• Sunny, outdoorsy lifestyle
• “There’s a lot of opportunity for new businesses because of the population growth, especially in sectors [such as] real estate, food service, tourism and relocation businesses” – Lee McPheters, Arizona State University business school dean
2. Las Vegas, Nevada
Population: 1,560,000
Median Home Price: $317,900
Hot Industries: Hotel and resort, tourism, gaming, construction and retail
Significant Startups: 6,853
Why Start Here?
• 35 million tourists a year
• Has led the nation in job growth for 13 consecutive quarters
• No corporate income, franchise, inventory or unitary taxes for businesses
• No personal income tax
• Nevada's population is growing faster than any other state's.
3. Austin-San Marcos, Texas
Population: 1,250,000
Median Home Price: $167,200
Hot Industries: Technology and business services
Significant Startups: 5,469
Why Start Here?
• Diverse, highly trained and readily available employees
• No personal or corporate state income tax
• Minimal union activity
• Eight area colleges and universities with renowned academic programs and enrollment of more than 114,000 students
4. San Antonio, Texas
Population: 1,590,000
Median Home Price: $133,400
Hot Industries: Aerospace, biosciences, information technology, telecommunications, logistics and manufacturing
Significant Startups: 4,399
Why Start Here?
• Free Trade Alliance San Antonio assists firms in exploring, developing and expanding international business.
• San Antonio Technology Accelerator Initiative, a network of institutions, individuals and resources, is dedicated to growing technology and entrepreneurship in the region.
• Businesses can receive Empowerment Zone tax credits.
• San Antonio Business Assistance Focus Center provides comprehensive business development services.
1 comment:
Great blog . I really liked it. I have also created a lens in same niche. This is my first time , hope u guys like it. Here’s a brief intro: Your thoughts and feelings really do create your reality. It may seem absurd to some of you, but the easiest way to health and wealth is by constantly monitoring your feelings. If you start feeling any negative emotions, you must find ways to improve those even slightly. With time, it becomes easier and easier. This lens is here to provide some basic information on the law of attraction to help you get started on your own path to success.
Post a Comment