Benefits of starting a business in Manhattan

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    Welcome to New York City, the city of opportunity and equal chances for everyone. So, you decided to start your own business? Are you thinking about whether or not starting a business in Manhattan is a good thing? Well, worry not! Today, we are going to talk about the benefits of such a move. To make your relocation process much easier, consider hiring professional movers, like Movage Moving and Storage. Additionally, if you want to make your business start easier, read through this article to learn what benefits await you if you decide to do it in the borough of Manhattan. Starting your own business can be really hard and there are many factors to consider. One of those factors is the city/location you choose to do it in. Luckily, Manhattan, and New York in general, offer amazing opportunities for anyone looking to start their own company.

    Starting a business in Manhattan – What to expect from it?

    Welcome to the most populous city in the United States – New York. With over 8.8 million residents on 300 square miles, the city of New York is also the most densely populated in the US. Today, we focus on its smallest, yet most densely populated borough – the borough of Manhattan. In fact, Manhattan is often referred to as “the City” mostly because it represents the heart of New York.

    a woman standing in front of the camera with her team behind her after starting a business in Manhattan
    If you are looking for the most ideal place to launch your start-up business, look no further than Manhattan

    Furthermore, the borough is the cultural, economic, and entertainment capital of the world. More importantly, Manhattan is home to two of the world’s largest stock exchange markets – the New York Stock Exchange and NASDAQ. This makes Manhattan the main part of New York City, as it plays a vital role in the city’s economy. Thus, if you are wondering whether to start your own business there, we hope this helps clarify.

    New York, in general, is a great place for a start-up

    The one thing you should know about Manhattan, or New York in general, is that it is bustling with start-up businesses. Furthermore, many entrepreneurs tend to thrive with their colleges opening their businesses nearby. In fact, according to recent polls, New York (when saying New York, we mostly mean Manhattan), is the top city to open a small business in the whole of the US. Hence, many people flock to Manhattan to start their own business and reap the benefits. Furthermore, Manhattan is the leader in banking, media, finances, as well as telecommunication. Now, these are just some, out of many, business branches that people start their business in. Certainly, working in one of these branches might give you a slight advantage. However, what separates Manhattan from other boroughs is the overall possibilities you can create and have.

    Location is vital

    If you are starting a business in Manhattan, you understand that location is very important. Luckily, Manhattan is the “go-to” location for businesses in New York or the US in general. So, before you contact moving companies Manhattan, NY, make sure you choose the location of your business wisely. There are five districts to choose from:

    • Lower Manhattan
    • Midtown Manhattan
    • Upper Manhattan
    • Harlem
    • Washington Heights
    a birds eye view of Manhattan buildings
    Because the location is very important, make sure to research each neighborhood of Manhattan so you can opt for the best choice

    So, for instance, Lower Manhattan is a business district that also has government bodies in it. Ideally, you would want to find space for rent in that area. However, if you cannot do that, any other district will do just fine. What matters is that you do the research on that area and find the strengths and weaknesses of each part of Manhattan.

    Starting a business in Manhattan means being able to choose from a large talent pool

    One of the main advantages of having your own business in the Manhattan borough is the talent pool you will find there. Namely, many people, especially younger professionals, flock to New York to find their perfect job. Of course, most of them will have to adapt and pursue a different career for a while. This allows many smaller and bigger businesses to, to put it roughly, cherry-pick their employees. Because there are so many people that seek employment, owning a business in Manhattan means being able to find the right employee for the job. Moreover, according to recent studies, around 44% of New York’s younger population has a college degree. This means that you will be able to find the most suitable candidate for the job. Furthermore, it will allow you to be one step closer to achieving your goals. Finally, you will ensure that you did the right thing.

    You might be eligible for tax benefits

    Granted, New York City might not be the cheapest city in the country to start a business. However, there are several incentives that attract many small business owners to the city. For instance, certain programs allow new businesses to operate tax-free, if close to certain college institutions. Thus, reducing the burden they have to carry when starting.

    a calculator on a phone standing above tax documentation
    High tax rates can often slow down the progress of your business – luckily, Manhattan government bodies have a solution for that

    On the other hand, there are programs that can provide financial aid to those that seek to engage the community in their business. By employing locals, you can get financial support from the city government to make your start-up a lot easier. So, prepare your moving boxes in Manhattan and get ready to relocate and start your business in this bustling metropolis.

    Manhattan is the center of everything

    No matter what you seek while in New York, you are most likely to find it in Manhattan. So, if you plan on starting a business in Manhattan, know that your business will not go unnoticed. Moreover, because the city is a melting pot of culture and people, you will be able to cater to each type of customer you desire. More importantly, because the city is so densely populated, the chances of someone missing your business are slim. On the other hand, if you do plan to move to the center of everything in the US, make sure you contact commercial movers Manhattan to help you relocate your office with ease.