The beauty of entrepreneurship is that it can be done anywhere that you choose to live. Some industries may have better luck in certain regions than others, but entrepreneurs typically don’t have to be tied down to one location prior to beginning their business. However, there are some promising hubs in the United States that entrepreneurs continually move to in order to find success with their companies.
Austin is one of the most prized places to live in the United States, thanks to Texas’ patriotism, country roots and soul food. However, it also makes an excellent location for new and existing entrepreneurs. Startups are huge in popularity here, and it is populated with hundreds of thousands of college students looking to enter the professional field working for innovative businesses. Given the young talent pool, local support and entertaining scene, Austin makes an excellent home for an entrepreneur to start their business.
Florida is an ever-growing state in terms of population. Within the past year, especially, the state has seen a record-breaking number of new residents, many of these being entrepreneurs. Tampa has especially attracted many of these individuals, given its central location, access to the bay, exciting sports scene and thriving downtown hub. Many Tampa locals tend to be self-employed, proving that entrepreneurs are certain to be found here, not to mention the low taxes they all benefit from.
Raleigh, North Carolina
Quickly growing in popularity, Raleigh makes an excellent location for new and existing entrepreneurs to move to. The city has a generally low cost of living when compared to others and is inhabited by many college-educated individuals. Adding to its attractiveness, North Carolina has the lowest corporate income tax rate in the entire United States. Given this information, Raleigh should be high on the radar of every entrepreneur looking to relocate.
Salt Lake City, Utah
Not only is Salt Lake City surrounded by sweeping views, but it also has a profound startup culture rivaling that of Silicon Valley. Although its population might seem small compared to larger cities, it has come to produce many successful businesses over the years and attract many tourists, bringing a year-round crowd of customers. Additionally, Salt Lake City is growing as a cybersecurity hub, almost guaranteeing early success to entrepreneurs in this industry.
Making a decision to relocate is a decision that should not be taken lightly, especially when you’re hoping to open a business in the area. Given that your future income and livelihood will depend greatly upon your company’s success in your new area, it is encouraged that you conduct as much research as possible and take a few short-term trips prior to committing to moving. Although a city may look promising, you need to ensure that it is the right fit for you.