You have a novel business idea, and you can’t wait to turn your entrepreneurial vision into a reality here in the United States. The question is, where should you set up your new business? Not all states are equivalent in terms of their business friendliness, so it’s paramount that you pay attention to certain qualities in any city you are eyeing, according to business expert Brian Ferdinand in a recently released article. Here is a look at what makes the United States such a great place for entrepreneurship, as well as where specifically you should take your business idea.
Why The United States In General?
In the recent article, Brian Ferdinand, the managing partner of SoBeNY, explains that America’s birth stemmed from its unique entrepreneurial spirit combined with a touch of imagination and innovation. After all, when the country’s founders went to work to develop the United States, they aimed to create the ideal government union for a truly novel country. Afterward, major cities were erected in record-breaking time, and new technology was capitalized on.
A couple of special moments in the nation’s history include the California Gold Rush, as well as the Industrial Revolution, which was essentially built on steel and iron. In the United States, anything was viewed as being possible back then, and the same holds true today. Today’s Internet Age, which has helped to ignite a significant societal evolution and shaped the nation’s economy, is proof of that.
Particular States To Target
Although the United States as a whole is a product of innovative minds, certain states are better for welcoming and breeding innovation compared with others, Ferdinand explains in the article. The top states include San Francisco and Los Angeles along the West Coast, as well as New York on the East Coast.
In the article, Ferdinand emphasizes that the most important ingredients for successful business communities, including those of San Francisco, Los Angeles, and New York, are unique amenities and dynamic cultures. The right communities also feature invigorating, young populations that are passionate about driving technology. In addition, these communities contain corporation headquarters that are multinational in scale.
Yet another key ingredient of a thriving business community is a healthy average annual income among working professionals. The reason for this is that when people are generating money, they can fully embrace and enjoy the city and its various amenities. All of these key indicators are critical to keep in mind as you search for the perfect home for your future business.