Best States for Business in the US
A commercial move can be a difficult thing to organize. Firstly, because you have to balance between working and moving. Secondly, because you have to make sure none of the office material and equipment suffers damage during the move. However, if you are looking for the best states for business in the US, this article will help you determine what is the best choice for you. Hiring a cross-country professional moving company to help you relocate is one of the best and easiest ways to ensure a good relocation experience.
Moving your office across states needs to be done with high levels of organization and planning. Moreover, keeping your customers while relocating is another aspect of the move you will have to worry about. Luckily, many different parts in the US have good business potential. This is what we will discuss.
What sets states apart as some of the best states for business in the US?
Here we will be looking at different aspects of each state and how well businesses grow in those states. To give you a better perspective, we will be taking into account:
- The overall economic growth of the state
- How the state approaches start-up and small businesses
- The state of venture capitals in each state
- The value of educational degree based on the state
Businesses are as good as the amount of work you put in. Because of that, we set out some of the most prosperous states in the US where your company can bloom.
Just behind Utah, Colorado is one of the most lucrative states for businesses of any sort in the United States. This country is a great place for anyone who wants to start a company or already owns a small business. More than 49% of the population has a degree of some sort. It offers many different job opportunities for people to pursue their careers. The state is popular for its high economic growth in the past couple of years. Compared to the national average, of 4.6%, the state of Colorado has seen a growth of 10,6% in the number of working-age residents. When it comes to venture capitals, the state is fourth in the whole nation.
If you are looking to move your business in this state, consider hiring best cross country movers Colorado as they can provide all the assistance you need with the move.
The state of Washington is a place with high potential in the tech sector. However, due to many large companies in the state, smaller businesses have to find a way to compete with those companies, especially in the tech business. The unemployment rate of the state is lower than the national average and 36,7% of employees have some sort of a degree. The tax programs of the state are more in favor of the business, unlike other states in the US. What makes Washington one of the best places for business in the US is that businesses have lower costs than in some other state. For instance, the cost of electricity is about 8 cents per kilowatt-hour. The state’s economy has seen an increase of 5.8% and this is mostly due to the tech sector of the state.
If you are considering moving to Washington to start your business, hiring best cross country movers Washington is the best way to secure the longevity of your equipment.
Massachusetts boasts one of the highest venture capitals in the whole country. About 660 capital deals are made in the state every year. Out of all adults above the age of 25, 44,% have a bachelor’s degree or a degree of higher education. With a well-educated workforce and high concentration of innovative start-ups, Massachusetts is one of the best places for starting your own business. The state has the second median income in the country. It also has high marks for labor supply, economic growth prospect and the quality of life. The proof of how valued innovation is in the state tells the data that there were about 7.600 patents in the state in 2018. This makes it the highest patent rate in the whole country. Best cross country movers Massachusetts can help you relocate your office without fear of losing your customers or any equipment along the way.
Amongst best states for business in the US is the state of California. The state is home to over 4 million small businesses, which make up to 99,8% of all businesses in the state. Some of the most successful sectors of business in this part of the country are finance, insurance, real estate, educational services, healthcare and social assistance. The biggest issue one might find in this state is the difficulty and complex state of regulations for businesses. Most businesses operate on a fair and levelled playfield when it comes to running a business. Another issue many people find difficult is the high tax rates that are imposed on businesses across California. Moreover, hiring cross country movers California assures a good relocation experience with all the right tools to help you start your business on the right foot.
Best states for business in the US have a lot to offer depending on the type of your business
Since there are many different options and advantages depending on the state, the best solution is to do thorough research. This will bring you closer to each state individually. Moreover, you will be able to see which state is the most friendly to your business branch. This will help you expand your business and allow you to reap the highest benefits of it.