Top Ten Locations for New Business Start-Ups

Written by: Arun Kumar, MVP • Edited by: Michele McDonough
Updated Mar 15, 2011 • Related Guides: Real Estate

As the saying goes, "where there is a will, there is a way", one should be able to start their business anywhere in the world to succeed. However, there are some places in the world that have tremendous scope for most kinds of businesses. Let us take a look at ten such places in the US.

Wondering Where to Start Your Business?

Whatever the case is – expansion, relocation, or starting up of your own business – you need to decide the best place for your business. This article lists ten places that offer you more chances of success than anywhere else. This is possible due to several reasons including hot industries, healthcare, education, infrastructure, diverse population, and real estate prices. These are entrepreneurial friendly places that have a high level of flexibility and energy, blended with culture and lifestyle, offering you a great place to first open your business's doors.

Top Ten Locations for a New Business

Las Vegas

click to enlarge

Las Vegas features reduced rents, a low cost of living, and comparatively lower wages. With more than 35 million tourists visiting the city every year (especially for gaming and nightlife), there is a huge scope for hotels, gaming, tourism, retail, and construction. Business taxes are very low in the dream city of gamblers, Hollywood fans, and aspiring actors.

Portland

Portland boasts of large, open areas with favorable weather. The City of Roses also has the presence of companies like Intel and Nike. The young and thriving urban city is also known for its outdoor recreations, music and arts. "Sustain Lane", a green living research and publishing group, ranked Portland as the most sustainable city. The city had 2571 new businesses registered in the year 2008. The only problem is the high cost of living.

Florida

There's a good reason why so many famous entrepreneurs are from Florida. With no state income tax, low cost of living, and warm weather, Florida is a great state in which to start your own business. It boasts of a digital media cluster and a medical city in operation. With readily available small business resources and a large community of small business owners, there is a vast opportunity for agriculture and cattle farming other than the tourism sector.

San Diego

With presence of Scripps Research Institute, San Diego is great for alternative energy, electronics and cellular technology, biotech, and health tourism. The busy port serves as a starting point for opening up small cafes, restaurants, and boat cruises.

Phoenix

Phoenix is popular for its service-based, real estate, food, aerospace, and other high tech industries. The low commercial land cost and plenty of unused land plays an important role in the popularity of this enterprising city. The city also guarantees fresh businesses with a SBA loan program. Phoenix is a fast competitive market with a good, casual business atmosphere.

Chapel Hill

Chapel Hill start ups are globally faceted and take advantage of its connections with China, the Gulf, and India. The educated workforce, culture, resources, and quality of life are the real success behind the success of Chapel Hill. Best bets are information technology, life sciences, and software industry. The place also offers tax credits for machinery investment, job creation, training and development, research, and real estate.

Atlanta

A large airport, beautiful landscape and a large active business society makes Atlanta a favorable place to start your own business. Atlanta also offers incentives - tax credits and utility rate discounts - for industries such as hospitality, tourism, technology, and entertainment.

Madison

Situated close to the cities Chicago and Milwaukee, Madison has an advantage of strategic location. Small business owners can benefit from various tax incentives like Angel Investment and Venture Capital Tax Credit. Leisure sportsmen can enjoy 260 parks and 150 miles of bike trails here. All this makes it a great place to start your own business in gaming, entertainment, tourism, software, biotech, and medicine.

Youngstown

SInce the last decade, the Youngstown Business Incubator offers B2B software companies with mentors, networking, and office space services. The quality of living is high but cost of living is low. With the Business Incubator assisting you, start-ups can be anything from IT consulting to software to entertainment.

Austin

Austin offers something for everything – from good music to good food to a high tech community. The industries of Austin include technology and business services. The diverse and highly trained workforce is the biggest advantage of starting your own business in this locale. Among other facilities, Austin also offers concession on taxes allowing you to make more profits.

References

Image Credits: Wikimedia Commons

Jay C Oct 19, 2010 1:33 PM

Construction

I been in construction industry all my life
with executive position
What business out there related to it ?

Arun Kumar, MVP Oct 29, 2009 3:04 AM

@ aliensinfotech

From your comment, I can understand that you have some good knowledge of SEO. Still, I am sorry I could not grasp the relevance of the comment to the article. Can you please explain it?

--

Best Regards,
Arun Kumar M.
http://dreams-central.com/testimonials.htm
Twitter: @DreamsCentral
Facebook: http://bit.ly/ZZTEY
Signed: Thursday, October 29, 2009, 12:40:33 PM IST

Vince Aug 20, 2009 12:27 PM

Great List

Hey Arun, this is an excellent top ten list. I live in San Diego and have to say that it has very good entrepreneurial environment. 95% of all business in San Diego are 5 employees or less, and there are plenty of resource including Scripps, CONNECT, and universities like UCSD, USD and SDSU all of which have business programs. You can cross-post this to our site http://www.toptentopten.com/ and link back to your site. We are trying to create a directory for top ten lists where people can find your site. The coolest feature is you can let other people vote on the rankings of your list.

aliensinfotech Aug 20, 2009 7:39 AM

my comments

Surveys conducted by reliable sources reveal that around ninety percent of the web traffic ( the request- response process taking place between server and client) is predominantly derived based on the list populated by search engines. In simple terms , people visit uncommon websites only if the search engine projects them at the top of its listing. This gives no wonder as in today’s world life has become mechanical and shortage of time is the problem faced by almost all the illiterate people who have the knowledge of browsing the net to look up for information. In particular most of the users irrespective of the geographical boundaries do not have patience to even have glance at the names of websites displayed beyond first two or three pages of Google. So pushing forward your website so as to get displayed within those top twenty or thirty website list will enhance your prospects of earning money through advertisements greatly. For a search engine that is looking into the future at its early stages, the relevance of results is very indispensable in creating a rigid platform for ad revenues. So you cannot use short cut methods such as canvassing the management of search engines by paying an amount as bribe or by resorting to cheap strategies like just typing the important keywords hundreds or thousands of times as an ardent devotee of God would write the name of his favorite God repetitively in a paper to please his God. The search engines reportedly use complex and robust algorithms which are intelligent in providing ranking to WebPages in a wise manner after a thorough in-depth analysis. Some people few years ago used to create ‘spam websites ‘ – the ones whose purpose behind the creation is to promote the ranking of some other websites. Google is cautious that if it detects a new website for a few months it will not alter its original rankings. During the intermittent time it checks whether the website is intended for long term.

aliensinfotceh Aug 20, 2009 2:07 AM

MY COMMENTS

Recession is a term that would we well known to all of us. It’s the period of dull trading of a business or widespread economic difficulty. Several ace economists share the same view that the period of recession is at its last stages. According to them recession was at its infancy towards the end of the year 2007. Here we would like to recall that a similar scenario that was witnessed in the year 2001 and the subsequent bloom of IT and Its sectors. Hence the statement of economists assumes significance. Let us hope for a positive comeback again. However the change will not take place in an overnight and just the beginning of end of recession has started. This statement by experts seem to be credible as the soaring crude oil prices have been stabilized in the recent past. Although it’s rising again, it is expected definitely to not to touch its peak as before. Several countries saw their governments cutting off the fuel prices accordingly. So the economy may not be as brisk as before but still gradually improving, making us heave a sigh of relief. You may start planning to buy your favorite vehicle. Job seekers need not spend wastefully the hard earned money of their parents in the name of job search expenses. So gear up !

Top Ten Locations for New Business Start-Ups

Wondering Where to Start Your Business?

Top Ten Locations for a New Business

References

Comments