If you want to start your own business, first, you need to know which cities have programs and benefits for entrepreneurs.
According to WalletHub 2024′s five of the Best Large Cities to Start a Business are in Florida due to three key dimensions:
• Business environment
• Access to resources
• Business costs
The study found that Orlando is the best large city to start a business in, due in part to the fact that the number of small businesses has grown faster than in most other cities.
Despite being recognized as a retirement destination, Orlando boasts one of the highest growth rates for the working-age population, providing businesses with a substantial pool of potential new employees.
“One of the reasons why startups are so prevalent and successful in Orlando is that the city has a very high number of investors per capita, so new businesses are able to get the funding that they need to survive and thrive”, says the investigation.
WalletHub also explored the second-best city for entrepreneurs, with Tampa earning the title. The company emphasized Tampa’s low corporate tax rate, which helps businesses retain more of their earnings. Additionally, Tampa has a high number of investors per capita. This combination of low taxes and abundant investment capital provides businesses with more resources to endure the challenging early years.
The Office of Economic Development of Florida says: “the Sunshine State offers a welcoming business climate, highly competitive rates and incentives, and unparalleled opportunities for economic development. Discover how your company can grow with Florida’s PowerFL business advantage. As one of the best states for business, we are here to help executives, entrepreneurs and others be successful in one of the most business-friendly states”.
Some of the advantages are Business Tax Exemptions, Rates & Energy Incentives For Businesses and Startup Technology Grants
What are the Top 10 U.S. cities to start a business?
Orlando
Tampa
Charlotte, North Carolina
Jacksonville
Miami
Atlanta, Georgia
Forth Worth, Texas
Austin, Texas
Durham, North Carolina
St. Petersburg