Are you looking for somewhere to start a business? Why not Indianapolis? The city has a lot to offer new entrepreneurs, from a vibrant small business community to a robust pool of educated talent. And there’s plenty for your family to love here too! Indianapolis has a dynamic sports scene, a low unemployment rate, and an affordable cost of living. Plus, you just can’t beat the weather here! If you’re on the fence about opening a business in Indianapolis, consider these seven reasons to bring your business here.
The City is Small Business-Friendly
A supportive community is invaluable to small businesses. In Indianapolis, you’ll find no shortage of supportive local organizations to help you get your business off the ground. For example, Justin Farrell can help you market your business and get those first few customers. Here are a few other organizations serving small businesses in Indianapolis:
- OpenCounter INDY
- Indy Black Chamber of Commerce
- Indianapolis Chamber of Commerce
- Indianapolis Small Business Administration (SBA)
The State of Indiana Offers Many Resources for Startups
The state of Indiana also offers many resources for budding businesses. For example, the state government website will walk you through the process of forming an LLC and registering your business. Forming an LLC is a great way to protect yourself from liability as your business gets off the ground! Here’s a quick-start checklist of other steps you’ll need to take to launch your business:
- Find out which forms you need to submit at tax time.
- Research your required licenses and permits.
- Acquire the necessary premises and equipment.
- Gain industry know-how by going back to school or enrolling in local courses.
Rentals Are Easy to Find
Rentals in Indianapolis are affordable and easy to find. This makes city living fairly accessible to people moving from out of town. Renting is a great alternative to buying, especially if you’re unfamiliar with the city and not sure where you’d like to put down roots. Use online rental listing search tools to find properties in your price range with your desired features and amenities. Remember to use those search filters to make your apartment hunt easier!
Life is Affordable
Affordable housing and low healthcare costs offer a low cost of living to Indianapolis residents. A low cost of living is great for business owners because it creates additional runway to invest in growth projects. Plus, it means people in the area have disposable income to spend on small business goods and services!
Life is Great
Not only do Indianapolis residents enjoy an affordable life, but a high quality of life as well! The city boasts high rankings in healthcare, leisure, and culture, all of which contribute to good quality of life and resident happiness. These are just a few of the well-known cultural attractions and leisure activities in Indianapolis:
- Children’s Museum of Indianapolis
- Indianapolis Zoo
- Freedom Springs Aquatic Park
- Conner Prairie Interactive History Park
- Indianapolis Museum of Art
- Garfield Park Conservatory and Gardens
There’s Talent Everywhere
A skilled workforce does a lot of good for small businesses. With a lot of great local talent to choose from, your business will be able to hire some great employees. This is largely due to the heavy university presence in Indianapolis and the surrounding region. These are just a few of the top-rated schools nearby:
- Butler University
- Indiana University-Purdue University – Indianapolis (IUPUI)
- Marian University Indianapolis
- University of Indianapolis
- American College of Education
You Can’t Beat the Location
The city’s location is another thing to love about Indianapolis. Launching your business in an accessible location is ideal, especially if you need to travel from coast to coast. Traveling for work is easy, thanks to the top-ranking Indianapolis International Airport. Not only does this make travel easy and convenient, but the airport also doubles as a major cargo hub. You’ll have no problem shipping those packages out!
If you’re thinking about moving to Indianapolis to open a business, it’s time to make your move! Start looking for rentals, getting in touch with local startup organizations, and learning about your new home. You’ll love it here!
Whether you’re looking for help with graphic design, web development, or marketing, contact Justin Farrell! Fill out the contact form to get in touch.
This blog has been provided by my guest, Marissa Perez, an author and blogger at BusinessPop.
Thank you Marissa for your insights.