A report published by the personal finance website WalletHub on April 22 gave St. George another title to boast about. The southern Utah city has been designated as the second-best small city to set up a new business. Cedar City ranks 19th. Five other cities in the state made an appearance among the top 30 locales listed.
For the purposes of this study, WalletHub only evaluated cities across the United States that had a population of under 100,000. They ended up evaluating a total of 1,200 municipalities in terms of the ease of access to resources, business costs and the overall business climate.
When asked what about St. George that causes it to perform well, one business analyst pointed to its ease of access to business resources. They note the city has a high livability score and that 300 sunny days per year easily attracts people. Also, the local universities graduate some highly qualified students, which makes for a steady supply of employees.
Business owners were also asked about what motivated them to set up shop in St. George. One mentioned that she did so because she found that the office space was affordable, especially on Tech Ridge. She also said that the city offered an excellent quality of life. Another business owner said that he found that the leads and opportunities he was able to find by making connections are unlike any others that he’s found before.
St. George’s business environment score was positively impacted by its industry variety, reduced commute time and short work week. A representative with the city’s Chamber of Commerce pointed out that business owners are keen on sharing information with each other. This has been helpful for them all.
The first step to starting up a business is to figure out what products or services you’re going to offer. You then have to figure out how to get the word out about it to everyone else.
Once you’ve got your business and marketing plan figured out, you’ll want to turn your attention to incorporation. The experience and expertise that a business organizations attorney can provide at this critical stage in your company’s life cycle can prove to be invaluable.