Why Buffalo Is the Perfect Place for Entrepreneurs to Launch a Business
If you're planning to start a business, you want to set up shop in a location that will improve the odds of lasting success. The Buffalo, New York area offers many fantastic options, allowing you to pursue your dream of entrepreneurship in a startup-friendly region with a beautiful backdrop and pleasant climate. Courtesy of Social Encode, here’s why Buffalo is a great place to found a company.
Enjoy an Above-Average Quality of Life
Buffalo’s great location means you'll never be at a loss of activities to do. When you aren't building your business, you can enjoy many sights with your family, including:
- Buffalo AKG Art Museum
- Frank Lloyd Wright’s Martin House
- Buffalo and Erie County Botanical Gardens
- Pierce-Arrow Museum
- Sahlen Field
- Double-Decker Bus Tours
Find a Great Place to Live
The median sale price of a home in Buffalo is just under $175,000, which compares favorably with the rest of the state and country. Buffalo also has a cost of living that is well below the national average, so it’s affordable for most budgets. You may be able to find more affordable accommodations if you purchase a fixer-upper or apply for down payment assistance.
Should you decide to rent, there are many apartments available in the area. Renting may be a better choice for you if you anticipate starting a family in the near future and may need to move to accommodate it. You can sort through dozens of houses by amenities and features to find one that works for you.
Reap the Rewards of a Solid Support Network
Buffalo is eager to attract startup investment and offers a supportive community for entrepreneurs. A variety of local economic development agencies offer perks like business site selection assistance and help with loans and grants. Some helpful institutions include:
Leverage Diverse Local Funding Opportunities
There are many startup costs associated with getting a business off the ground, from commercial real estate to employees, marketing, and more. Buffalo offers various funding opportunities to help entrepreneurs like yourself. Buffalo Business Forward is a good place to start. You could also look into additional grants, angel investors, crowdfunding, and bank loans.
Access a Skilled Workforce of Well-Educated People
As your business grows, you'll want to hire a team to support your success. Being able to access a well-educated workforce will make it easier to find the top talent you need. Buffalo is home to many colleges and universities, such as:
University at Buffalo
- SUNY Buffalo State College
- Niagara University
- Daemen University
- Hilbert College
Your Quick-Start Checklist for Starting a Buffalo Business
If you're ready to set up shop in Buffalo, you've made a great choice. As you can see from the guide above, you'll enjoy many benefits that will help spur your business to success. Before you can get started, here are some tasks you will need to tackle:
- Choose your business structure, whether it’s an LLC, a corporation, or a sole proprietorship, and then register your business locally.
- Apply for the necessary licenses and permits through the city. Also, be sure to check zoning laws if you plan to launch a home-based business.
Buffalo is a winning place to start a business. With the tips and tools above, you can make this region the launching point for your entrepreneurial success.
Social Encode offers physical and online marketing services for any size business. Call 585-278-7367 for more information.