Starting or growing a small business is a common dream. However, not all cities are great for launching or expanding a company. If your city isn’t an ideal fit, then heading to a new one could be your answer. If you’re not sure where to go, ATX Designer takes a look at why relocating your small business to Austin, TX, could be an excellent choice.
5 REASONS WHY RELOCATING TO AUSTIN COULD BE GREAT FOR YOUR SMALL BUSINESS
1. COST OF LIVING
While many people assume that major cities are expensive, that isn’t necessarily the case with Austin, TX. The cost of living is 3 percent below the national average, which is excellent news for small businesses. Not only will it benefit your personal and business budgets, but it also means hiring professionals is more affordable.
Rentals in Austin, TX, are reasonably competitive. The average monthly rent price is $1,619, which isn’t bad for about 864 sq. ft. of space. Plus, with lower than average utility prices, you may actually come out ahead depending on where you live now.
If you’re interested in buying, Austin, TX, can be a bit expensive. The average home value is $596,446, which is above the national average. However, you can save a bit by heading to nearby Round Rock, where the home values are closer to $473,674.
It’s also important to note that down payment assistance may be available to aspiring homebuyers. You may be able to find a mortgage credit certificate, energy efficient mortgage program, or homeownership voucher program. Plus, you may have access to no down payment required mortgages, like a VA loan, giving you another approach to consider.
Austin is known as a welcoming city, and that applies to small businesses as well as people. Community leaders and area residents want their city to thrive, so they do their best to support area companies.
Plus, you’ll find a lot of helpful groups in the area. Here are some of the community organizations that you can reach out to in Austin:
● Austin Chamber of Commerce
● Austin Small Business Administration
● Austin Small Business Division
● South Austin Business Association
● Texas Small Business Association
4. QUALITY OF LIFE
Finding a new city for your small business is about more than just your company; it’s also about finding a new home. Austin has a lot to offer when it comes to quality of life, making it a great place for people of all ages. The culture is unlike anything you’ll find in other cities, and there is more than enough to do.
Here is a glimpse at some of what Austin offers:
● Austin Aquarium
● Barton Springs Pool
● Bullock Texas State History Museum
● Congress Bridge Bats
● Lady Bird Lake Boardwalk
● LBJ Presidential Library
● McKinney Falls State Park
● Mount Bonnell
If you’re looking for an educated workforce that can help support your growing business, Austin has you covered. The metro area is home to many amazing colleges and universities, making it easy to secure any skillset your company may need to find when hiring.
Here are some of the schools in the area:
● Concordia University Texas
● Huston-Tillotson University
● St. Edward’s University
● Southwestern University
● Texas State University
● The University of Texas at Austin
AUSTIN SMALL BUSINESS QUICK-START CHECKLIST
If you want to get your business off of the ground quickly, there are specific steps you’ll need to take. Here is a quick Austin small business quick-start checklist that can help:
● Register with the Texas Secretary of State
● Get an EIN
● Prepare for State and Local Taxes
● Learn Local Employment Laws
● Obtain the Right Licenses and Permits
Another step you may want to take is creating an eye-catching banner for your social media pages and website. That way, you can boost brand awareness and capture the attention of visitors quickly.
Explore ATX Designer’s web and graphic design services to meet your needs.
If you’re on a tight budget, you can handle the design yourself by using an online banner maker, ensuring the banner is perfect for your Facebook page, Twitter feed, YouTube channel, or website.
Once you find the right template, you simply customize the text, color, and font to meet your needs. You can even add animation or video, giving you the one-of-a-kind result you’re after without breaking the bank.
PUBLISHED: December 14, 2021