The best Indiana Cities to Start A Business
Moving to a new city is quite a challenge. Now imagine moving in order to open a brand new business. Preparing for a move while at the same time making sure that you have all the paperwork in order, can become quite overwhelming. The best thing to do in these kinds of situations is to find a moving company with the help of the Best Cross Country Movers. You have the possibility to pick a moving partner that will fulfill all your moving needs and make this challenging endeavor a simple one. But before you get to the moving part you still have to make one important decision – in which city to start a business. We have made a small guide on the best Indiana cities to start a business. So keep on reading to see which one is the best for you.
Indiana is on the list of the best states for businesses
Whether you are planning to start one or to move the existing one with the best cross country movers Indianapolis has to offer, Indiana is one of the best states businesses. Moreover, in 2020 the Chief Executive magazine’s annual Best & Worst State for business survey ranked Indiana high on the list of the best places. This is all due to a diversifying economy. Indiana has a lot of potentials, and many people have recognized it.
Moreover, Indiana has low taxes for entrepreneurs. It is considered to be one of the top ten business-tax-friendly states in the country. This is very attractive for first-time owners. Especially if you are moving from a state where taxes are extremely high like New York. Furthermore, opening a business in Indiana means that you will have access to an affordable cost of living and housing. Also, property taxes are the second-lowest in the country. When you add this all up, you realize that opening a business here is a great business move. The survival rate of startups after being active one year after the launch is high thanks to the lack of financial burden. It is up to 80.39%. This proves what an entrepreneurial-friendly environment Indiana really is.
How to start a business in one of the best Indiana cities?
If you are wondering what the process of starting a business looks like, here it is:
- Develop an idea
- Research the market
- Make a business plan
- Secure funding
- Choose your legal entity
- Register your business
- Get federal and tax id’s
- Open a bank account for your business
- Get permits
- Find the proper insurance for your business
- Choose the right office space at the most appealing location
What are the best Indiana Cities to Start a Business?
There are many great places where you can start a business. Today we will list ten of them.
- Fort Wayne
- South Bend
Opening a business in one of these places most of the time means that you will have to move there. So it is important to know what to expect and to know what kind of life you can have there. Take a look at what we have to say about each of these places.
Of course that we are going to start this list with the capital of Indiana. This is the largest city in the state with a population of around 867.000. Neighborhoods are diverse which means that there is something for everyone. A low cost of living and a number of business opportunities are some of the things that attract people to this city. Moreover, the unemployment rates are under 3% which is below the national average of 4%. This is good news for businesses because it means that people are hardworking and that are more likely to keep their job. Moreover, three big companies have their headquarters in the city:
- Anthem – health insurance company
- Simon Property Group – largest real estate investment trust in the states
- Ely Lilly –one of the biggest pharmaceutical companies
The metro area is home to many different businesses, like finance, real estate, insurance, tech, etc. Its convenient location makes it great for distribution companies. This is why there are more than 1500 logistics and distribution companies in the city. The second-largest distribution company in the country is based here – FedEx.
The high quality of life is something that graduate students find attractive which makes them stay and look for a job in the city. You will not have issues finding good workers. Moreover, like in many Midwestern cities, people are not used to hopping from one job to another. It is common for them to stay in one company for a long period of time. As a business owner, you want to have skilled and trustworthy people working for you for the longest time possible.
As you can see, there are many different businesses that are very successful. So no matter what type of business you are planning on starting here you are most likely to succeed. With the help of interstate movers Fort Wayne you will be here in no time, getting ready to build your dream company.
This is one of the state’s big cities. Over the last few years, a lot of people have moved here with the assistance of one of the cross country moving companies South Bend has to offer. The population growth rate in the last five years has reached 4.1%. This is an urban city with a faster-paced life. Moreover, it has a good quality of life and an affordable cost of living. The cost of living is not only one of the most affordable in the state but also in the whole nation. However, the exception is the housing which can be pricey in the suburban areas. If you avoid those places you will be able to find a place for a small amount of money.
Even though this is a big city, the crime rate is low. There are still some small crimes, but nothing alarming. People who live here find Fort Wayne safe. Furthermore, the majority of people living here are young adults. This is a great place to start a business. Those who come here to start a family will be looking for a stable job, so by starting a firm here you will easily find great candidates. Moreover, since it is a big city your business will have a lot of potential to succeed.
This midsized city has an active business community. There is a mix of small businesses, mid-sized businesses, and big businesses. While Fort Wayne has been gaining in population, Evansville has been losing. However, this is not alarming; this is still the third biggest city in Indiana. The school system is great. Once you move here with one of the interstate moving companies Evansville to start your business, you will have a big choice of schools, both private and public. Moreover, the University of Evansville has many students graduating every year looking for employment. This means that finding interns and employees will be a piece of the cake. One thing you need to be aware of is the time. It’s central, not eastern like in most places in Indiana.
Carmel – one of the popular Indiana cities to start a business
Carmel is one of the best places you can move to both for personal and business reasons. Low cost of living, numerous carrier opportunities, great healthcare, and education are some of the few reasons people move here with cross country movers Carmel. Moreover, people are extremely kind and friendly. If you are starting your business, there are many opportunities in Carmel to promote it. The city is known to have a lot of carrier-driven people. All of the connections you need you can find them here. The kindness and the approachability of the people will make it easy for you to acquire new clients. ALso, the people you will meet will gladly connect you with their personal network. It’s all about collaboration.
South Bend is known for its University of Notre Dame. The university itself brings a lot of people here, both students and those looking for a job at the university. At the end of the 20th century, South Bend had a rough time. Many businesses have closed during that period. However, in the last couple of years, the city has been transforming. New buildings, restaurants, and bars have been opening. This has brought many young people, looking for affordable living conditions. Starting a business here now is the best time. Also, you will find your office space for a reasonable price in some of the best parts of the town.
This is not your typical small town. Even though it has a small town feels it has 100.000 residents. Moving to Fisher you will have a nice and peaceful life, but definitely not a boring one. Furthermore, there are plenty of things to see and do. And the city is always developing. This is a safe place for those who want to raise kids. Furthermore, the community is great. After you move here with residential movers you will have time to run your business and spend quality time with your family.
Breathtaking outdoor destinations, big city attractions, and a small-town spirit are the best way to describe Bloomington. You can say that here you have a perfect balance of a small town and a big town feels. It is the home of Indiana University. Due to this, there are many places where you can go out and have fun after you finish working. Top-notch education, low crime rates, and a steady economy make Bloomington one of the best places to start your business.
One of the largest cities in Northwest Indiana is one of the popular places for homebuyers. This is due to the fact that Hammond is close to Chicago and other job markets in Northwest Indiana. It used to be a big manufacturing and industrial city. Now the city is home to many businesses. The economy is booming. Moving here is a great business decision. You will be a part of those who to contribute the successful and strong economy of Northwest Indiana.
Don’t get discouraged by the reputation of the abandoned city that Gary has. Moreover, it used to have a huge manufacturing industry, but unfortunately, it flopped. However, many business opportunities are waiting for you there. Low rent and the closeness to the bigger cities like Chicago bring people from all over the country to Gary. Since the unemployment rate is higher than in other places in Indiana, finding people that are willing to work is quite simple. You will be able to benefit from moving here. And who knows maybe it becomes a home for you and not just a place for your business.
One of the best places to live and start a business in Indiana! A suburban town, with a lot to offer to its residents. This small town has many parks and outside attractions. Moreover, many young people move here to start a family. Businesses are booming, and the opportunities are endless. Making connections with people, whether it is business-wise or friendship wise is easy. You will be able to make big progress. Once you get used to the culture and the suburban lifestyle you will be like a fish in the water.
Every city can be the best Indiana city to start a business if you put effort into it
The most important is to do the research before you decide which of the best Indiana cities to start a business in. Write down all the pros and cons of each city. This will help you choose the one that suits you the most. There is no right or wrong. It’s all up to you. No matter where you decide to move with one of the best cross country moving companies Indiana has and start your business you will need some time to adapt. But we are positive that you will have a lot of success as long as you work hard and do all it takes to make it. Indiana is a great place for first-time business owners.