The start-up scene in the United States of America is rapidly shifting from the bigger cities to smaller towns and even smaller villages. There are multiple factors contributing to this move, the primary being costs. Big cities like New York, Chicago, Washington DC etc. have become so expensive that the costs of living and running an establishment is sky high. This poses a huge problem, especially for a new company as everything from resources to means cost way more.
It is commonly seen that it is easier to find people to employ in smaller towns and cities since educated people out there are looking for good opportunities, whereas in a big city, with plenty of opportunity splattered all around, finding talent, and the best of it, becomes a wee bit difficult. Another factor which plays a big role in this shift is the rates of crimes in bigger cities. From petty crimes to major hate crimes, the numbers are usually on the higher side in the bigger cities. Boulder, a small town in Colorado, has recently seen such a move from the bigger cities like Boston, Chicago etc. It is fast becoming a hotbed for startups, after it being a nurturing place for plenty of second and third generation entrepreneurs like Kimbal Musk. Here are the reasons why you should consider Boulder as your base for your new company.
Cost of living
Boulder happens to rank fifteenth on the list of cities with the highest costs of living, which makes it a great choice owing to its lower price index. It is true that there are several places cheaper than Boulder but extremely small towns would not be able to offer an entrepreneur the necessary means for business. The lack of these means might incur additional costs in the form of transportation, additional employee etc. But with the perfect balance of urban facilities as well as lower costs, this city is an excellent choice for a new start up.
Lenient tax structure
The tax structure of the state of Colorado makes Boulder a lucrative pace for a startup owner to open his or her company there. Colorado has an income tax rate of 4.63% which also happens to be one of the lowest rates among the states of the USA. It is especially convenient for the early years of a startup when every penny plays a pivotal role in the establishment of the company.
Location
Boulder is fairly well connected to the rest of the country. It is only thirty miles away from Denver, which connects the it to the other cities via air. Boulder has an extensive bus service and there are also plans of starting a rail road with the growing number of companies as well as the students of the University of Colorado. Being in the foothills of the Rocky Mountains, the climate is quite pleasant as well.
Education
Colorado is doing excellent in terms of education over the years. As the American University Rankings 美国大学排名 are improving in the state, more and more people are graduating with degrees each year, especially in computers and technology, which creates a body of educated people who are looking for good opportunities, which your company might be able to provide them. As more educated people stay back, your company also directly contributes to the development of the city.
Boulder is fast developing in the startup scene. With a number of renowned investments, along with new ones being made every day, it is a hotbed for entrepreneurs looking for better opportunity and success.
