For some business startups, Silicon Valley would be the ideal location – if it didn’t come with the exorbitant price tag, that is. Those who cannot come up with the funding to base themselves out of the West Coast should not fret, however. There are many locations to get started in, but you probably haven’t thought of Atlanta, Georgia. It could be that the southeast is now the best place for startups.
Darrah Brustein, a contributing writer for Entrepreneur magazine, makes the case for the international hub in her article 10 Reasons to Consider the Southeast for a Startup or Investment Location. In her view, making the choice to begin her business in Atlanta, GA was “sound.” Her reasons include a strong ecosystem, lower costs, underestimated value and most importantly, talent acquisition.
In case you are looking for something more along the lines of a beach town rather than an industrialized city with an enormous airport, there are options even further south. Florida is now one of the most popular areas for entrepreneurs who are looking to build their companies without having to live in high-cost areas like New York. Not to mention the weather factor; if you are tired of shoveling snow every year, Florida is definitely worth a second look.
One of the major benefits comes from the various universities in the area; talent is more easily acquired in places where students are already living. Places like New York and Silicon Valley are flush with mid-level to senior-level job seekers, but less likely to have entry-level students looking for work because it is simply too expensive for many students to reside in those places.
Alternatively, Florida was ranked #4 of the Top 10 Business-Friendly Climates (state-wise) by TaxFoundation.org for 2016.
When you are in the market for a new location to get your business off the ground, there are a million considerations to make. Shouldn’t location be at the top of your list?
Want to Learn More About Entrepreneurship? Read: So You Have the ‘Big Idea’ – Now What?
Stephanie Strait is Chief Operating Officer for Financial Poise and DailyDAC, LLC. She is responsible for managing initiatives and general internal-facing functions across divisions. She also produces the Company’s podcast, Financial Poise Radio™.
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