What are the Best Cities to Start a Business in 2022 - Merchant Chimp

What Are the Best Cities to Start a Business in 2022

March 22, 2022 / Posted in Merchant 101

Congratulations! You’ve come up with a fantastic idea to start a new small enterprise, but you just don’t know what the best cities to start a business are. Don’t worry, you’re surely not the only one who is wondering the same thing at this moment. However, the answer to these questions will require some investigating first.

Although having your own startup will require many sacrifices, and it surely will be challenging in the beginning (like everything is, after all,) you can do something to make it easier for you and your company. It’s knowing what is the best city to start a business in. After you get one of the amazing small company ideas and exclude the high-risk businesses, you’ll have to deal with some other rather practical stuff. The startup-friendly place will mean so much because you can seal it with other stuff, like finding the most outstanding credit card processing and other similar stuff that are essential for your work.

Consider All the Factors When Looking for One of the Best Cities to Start a Business

Unfortunately, it takes a lot more than just great and innovative ideas to have a successful startup. However, it absolutely doesn’t mean that it’s impossible. Luckily, there are some factors you have to take into consideration if you’re ready to take matters into your own hands.

When it comes to setting up a shop, you also need to think about the overall community and the offerings that area offers. So, what are actually the things to look after when picking a place that will help you boost the marketability of a product/idea you want to share with the world? Although everything depends on what type your firm is and what audience you want to attract, check some of the following factors:

  • Cost of living,
  • Costs of office space,
  • Average workweek hours,
  • Optimal growth in revenue,
  • Prevalence of investors,
  • Corporate taxes,
  • Enterprise survival rate.

Los Angeles, California – the US’s Third-Largest Startup Hub

The City of Angels is globally known as a tech entrepreneurship center. In fact, after New York and Silicon Valley, it’s the largest enterprise hub in the US. This area boasts a high engineering graduates population which represents a great place for your company – you’ll surely be surrounded by a community of young entrepreneurs. It will surely help your idea grow.

Besides considering things to know when picking merchant services credit card processing and what are the average credit card processing services fees, you should know that LA is home to some of the high-profile companies, like Oculus, SpaceX, and Snapchat. So, let all the mild weather, diversity, and chill atmosphere of LA help you become a part of the entrepreneurial community.

The Highest Venture Capital Value Is in California

When you’re asking yourself what is the best state to open a business, California is the first choice for many. Besides Los Angeles, which constantly attracts venture capital investors and investment, consider another city in California for your enterprise – San Francisco. It is ranked as one of the most fantastic places for young adults precisely because of many different job opportunities. So, if you consider San Francisco as your option when thinking about what are the most successful small enterprises you could be interested in.

Two people talking to each other

Austin, Texas – Explore the Highly Supportive City’s Government for Small Businesses

Austin is ranked as one of the top-greatest places to scale your company. It’s because this area is not only economically fast-growing but also because, over the years, Austin has earned a new nickname – the tech-capital of the US. In fact, there are more than 6,500 high-tech companies and numerous amazing working spaces where you can explore all eCommerce payment options and figure out what is a good effective rate for credit card processing. So, it’s not hard to conclude why the capital of Texas is home to some of the most profitable and successful projects.

Austin Has So Much to Offer to Your Startup

Yes, being in charge of everything and taking care of a firm is challenging. You have to figure out what is one of the most reliable credit card processing companies and how credit card machines even work. Some unexpected expenses should be on your mind, but it doesn’t mean you should give up on your idea.

So, if you’re wondering whether a small enterprise pays taxes, know that Texas offers its residents a generous tax incentive. No corporate tax nor one on personal income is probably one of the most important reasons why people decide starting their own firm precisely here.

A woman working with merchant services credit card processing

Portland, Oregon – Open Your Startup Next to Some of the Greatest Brands Known Globally

Dreaming of living and opening your own firm is one of the largest high-tech clusters in the whole US? Portland might be just the place for you because it probably has the most vibrant enterprise scene nowadays. The major industries in this place are manufacturing, software, outdoor products, green technology, and building. All this is just too attractive for many investors, including the fact there are natural resources, quality infrastructure, and more than good cooperation with the Government and self-employed people.

An entrepreneur spirit and all possibilities for good customer service are just some of the things that attract companies like Jaguar Land Rover and Nike to nest here. However, Portland’s enterprises are mostly oriented towards protecting the environment and improving people’s lives.

People working in one of the credit card processing companies

Seattle, Washington – Enjoy One of the Greatest Businesses Environments

Setting the enterprise and choosing one of many different eCommerce models will become clearer after you know where is the best place to start a startup. Seattle, Washington, is definitely a place to have in mind because it is attracted to many founders. Don’t forget that the headquarters of big names like Starbucks and Amazon are situated here. And on the other hand, smaller local organizations offer assistance and alliances to a new owner.

With help like that, you’ll easily be able to figure out what are credit card transaction fees and what’s more convenient for your companycredit card or cash, or will a cash discount program be worth trying. Although many don’t think of these questions as relevant ones, keep in mind that the more information you have, the faster your new firm will grow.

Denver, Colorado – Get Your Idea Off the Ground as an Entrepreneur

Many entrepreneurs chose this place precisely because numerous talented people realize their ideas into reality. It probably won’t take a lot of time for you to decide whether you want to be a part of this kind of community, where even bigger players decided to move their headquarters to, like Facebook, Google, and Salesforce.

The most important thing is that you won’t be alone in this whole process. Denver will provide you with excellent support and help you turn your idea into reality. From training, educational programs, financial support to all kinds of consultations, you’ll become an expert in Apple Pay, and you’ll know all the PayPal alternatives.

Start a New Business in the Most Desirable Place to Live

If your goal of finding the best place to start a business is intertwined with the bigger picture, you probably are thinking about Denver more than before. And know that it’s completely normal considering all the benefits of living here. The first one is definitely the cost of living. In fact, it’s around 45% lower than in San Francisco. Include the 300 sunny days a year and the unique systems for city parks. This might open some other possibilities, like dedicating your budget to the fees you’ll need to deal with:

St. Petersburg, Florida – One of the Most Successful Cities for Businesses

A state like Florida is probably the perfect choice for people who have ideas and want to become successful entrepreneurs. It’s because Florida is investing in itself, and the local government is welcoming people like that with open arms. Also, did you know that here the tax structure is probably the most enterprise-friendly among all states in America.

St. Petersburg is one of the cities where you can move and enjoy agreeable tax rates and small company tax deductions. If that’s not good enough, then you should also consider the good quality of life, infrastructure, and weather as plus benefits. Pick only the place that will provide you with everything you and your enterprise need.

Businesspeople at the table

Atlanta, Georgia – Tech Industry Is Blooming in This Area

When people talk about the best places to start a business in the US, they probably think about a great innovation and research center. Atlanta is just like that but includes the highest number of universities and colleges. This is surely one of the reasons why Atlanta is the fourth biggest tech hub in the US.

All that leads to the population growth year after year to more than 6,000,000 citizens in the whole metropolitan area. As you probably know, one of the main reasons why people are looking for another home is better job opportunities. That is why Atlanta is more than just a desirable place to live in. With its business scene and huge investments by Apple and Google, the only thing left for you to do is know how to prevent credit card fraud and learn what merchant services are.

A laptop, a mug, and a notebook is needed when working with a credit card processing company

Think Through After Gathering All Needed Information and Pick the Most Supportive Place for Startups

Considering the size of the whole United States, it can be quite challenging to pick that one city where your enterprise will grow. It’s more than important to start in a place where your incredible idea will be realized as you wanted and possibly change the world. So, ensure you have the right place, but keep in mind the reliable credit card processing company.

Decide between San Francisco, Los Angeles, Austin, Portland, Seattle, St. Petersburg, and Atlanta. These cities are ranked as the best ones you could choose for your company. However, since you have to think about your everyday living, don’t forget to check other factors that will affect your decision – schools and education, restaurants, cost of living, housing, and similar.

GET A QUOTE

It never hurts to know how much you can save.

Get a Quote

Step 1 of 2

50%