Miami is known more for the beaches than business, but the city is among the best places to start a business in America. The city is so high in business based on several metrics, including business survival rates and affordability of office space.
About 10 percent of the workforce includes people who work for themselves. This means there’s always some room for new ideas, services, and products. If you’re wondering why Miami is the perfect city to start a business, here are the factors you should keep in mind.
Low cost of living means you can find affordable labor as the market does not push residents to work extra hard to afford to live in the area. If you’re starting a business, you should consider Miami.
While it’s a city considered expensive, it offers one of the most competitive housing markets, especially when you consider the low-income areas. Also, you can find affordable office space to set up your business and get started.
If you want to own a home in Miami, homes sell on average $500,000, but the opportunities for an entrepreneur are incredible, so you can repay the amount if you have a good mortgage plan.
For a new homeowner, you can use down payment assistance in the form of a VA loan, a Homeownership Voucher Program, or an Energy Efficient Mortgage program. You can find a consultant in Miami on Oasis Consulting Group for assistance on setting up the business and establishing yourself.