Reasons to Start a Business in New York

New York has a lot of features that attract people. Not only does New York City have a little bit of everything, but the whole state is beautiful and has lots of things to do. For that reason, many people move to New York State with the hopes to start a life there. They move there not only for the amazing activities to do, but because of the business opportunities as well. This article identifies some of the reasons why New York is a great place to start a business.

 

Lots of Airports

New York has 16 primary airports. This is important for small business owners, as they may need to travel to see their clients or visit businesses in other states.

 

Lots of Professionals in New York

This is also another huge advantage of opening a business in New York. New York has a high percentage of college graduates and entrepreneurs. This means that you have a lot of options when it comes to hard-working employees and business partners.

 

Diversity

New York is a melting pot of different cultures. This is a huge advantage, as having a diverse team can improve the productivity of your business. This is because people with different backgrounds can come together to give you new ideas on how to solve problems, promote your company, or make sales.

 

Opportunity Zones

When you’re considering where you want to start your business, you should consider opening up a business in a qualified opportunity zone. Qualified opportunity zone are economically-distressed areas; you can ask your opportunity zone attorney which neighborhoods are included in this. The advantage of doing this is that you can receive many opportunity zone tax benefits. That means that you’re not only saving money, but you can give back to the community.

If you’re considering where you want to start your business, make sure to remember that New York is a great option. For more information on opportunity zone tax benefits, ask your opportunity zone attorney.