Many people are considering setting up businesses in Orlando as it’s one of the ideal places for a business to succeed. Orlando leads in job growth and has been attracting big names in business. This has led to the creation of high-tech jobs, with more people employed in industries outside of hospitality and leisure. Among the reasons to consider the city is that you have all the ingredients for business success. You can get talented and educated workers, and the tax laws in the city are friendly for businesses.
West Orlando News shares some of the reasons to set up your business in Orlando.
Affordability
In Orlando, housing is affordable, grocery bills cost less, and vehicles are more economical. The cost of living index sits at 95.8, which is below the national average of 100. For a four-person family, the monthly costs are about $3,100, rent excluded. A single person will do perfectly well with $895 before rent. The housing expenses in the city are 10% lower than the national average, and the median sales price for homes is $325,000.
If you’re making a move to Orlando, you’ll want to consider dependable yet affordable options. You can search for “moving services near me” to learn about well-reviewed local movers and if any companies are currently offering deals or discounts.
Community
A supportive community is a key ingredient in the development of a business. Orlando offers one of the liveliest communities. The support you can get from the community is perfect when starting a small business. You can find partners and professionals who can provide the support you need to drive your business toward success. Some of the support groups in Orlando you can consider include:
- Orlando Startup Business Meetup Group
- Christian Business Ambassadors
- Dr. Phillips Networking Group
- Women’s Prosperity Network – Orlando Chapter
Quality of Life
A new report shows Orlando is one of the American cities with the best quality of life. The city ranks 17 on the 100 best places to live, outpacing over 1,000 cities with a population of 20,000 to 1 million residents. Good quality of life will impact your business positively as people have more disposable income to spend. Also, the environment is secure with a lower crime rate. Cultural events and different parks also make this an attractive place for business. Some of the parks and events to look forward to include:
- Walt Disney World: 4 Theme Parks
- Universal Studios, Islands of Adventure, Volcano Bay
- LEGOLand
- SeaWorld, Aquatica Orlando
- Busch Gardens (Tampa)
Education
An educated population is a powerful tool any business can utilize to grow. Orlando offers many colleges, which support local talent in the city. If you need individuals with specialized skills, you can easily hire skilled workers. Some of the colleges offering courses in the city include:
- Rollins College
- University of Central Florida
- Valencia College
- Florida Technical College
Business Quick-Start Checklist
If you’re getting started with a business, there are several steps to complete. First, you need a business plan, obtain an EIN number, then register for taxes. Also, you need a business bank account and permits to do business. You’ll need to choose a structure for your business as well. If you’re planning on taking on investors, you may choose to register as a corporation. Learn about the requirements for forming a Florida corporation before filing.
Mega Market Status
Orlando gives you plenty of economic opportunities. The workforce integration is attractive and conducive for a scalable economy. This gives you educational opportunities and there is high-quality infrastructure, which has earned the city a top 10 status among cities of the future.
Infrastructure Investments
The revenue generated from tourism allows for infrastructure development, which enhances the quality of life in the city. You can get many lifestyle options through cultural opportunities like art, fashion, professional sports, and music. There are modern sports avenues that attract visitors to the city for major events.
If you look to start a business, you should consider Orlando as one of your destinations. The city offers excellent infrastructure, which attracts businesses and elevates the quality of life. Also, there are many colleges, which allows businesses to access a skilled workforce.
