There are many things to consider when starting a business. There are many location advantages that can help your business grow. These include trade access, proximity to the consumer market, proximity to talent sources, and adjacent business communities.
St. Louis, Missouri, offers many of these benefits, placing it among the top destinations for entrepreneurs looking to start a business. Digital Broiler presents some of the reasons you should start your business in St. Louis.
St. Louis offers a strong business community, which is a vital ingredient for people starting a business here. There are many notable businesses in Missouri, which tap into the innovative spirit of this business environment.
If you’re looking for organizations you can join to boost your opportunities, here are among the recommendations you should check out.
- Baden Business Association
- Central West End North Community Improvement District
- Kingsway Merchants’ Association
- The Grove Community Improvement District
Quality of Life
In the U.S., Missouri offers quality healthcare and education. Good quality of life contributes to excellent productivity, and the motivation to deliver is high. The decrease in expenses related to health treatments means fewer sick days, and people have more disposable income to spend. For fun moments, these are among the places and events to explore in St. Louis:
- Forest Park
- Municipal Theater Association
- Louis Science Center
- The City Museum
The housing market in St. Louis is far below par for the national average, which means that purchasing a home is very feasible for most people. But if you’re not ready to buy, you can rent a beautiful four bedroom home for around $2,000 per month. Renting can be a great way to get to know specific neighborhoods or to wait until a home to purchase comes available in your most desired area.
An educated local population is a great asset for businesses. While looking for a location for your business, you want a place near local colleges and universities so you can find talent for different positions. Businesses can easily hire within the state. Some of the local colleges in the St. Louis area include:
- Washington University of St. Louis
- Saint Louis University
- University of Missouri-St. Louis
Business Quick-Start Checklist
To start a business, consider forming an LLC. This gives you tax advantages and ensures flexibility in the running of your business. Also, when you start an LLC in Missouri, you will have to manage less paperwork, so you can focus on your ideas. Starting your LLC is a five-step process, but you can also use a formation service who will take care of all the filing.
When you’re beginning your business, make use of all the online tools to make your business launch a success. Use things like payroll services to help pay your employees and a free business logo design tool to design a memorable logo for your business that represents your brand.
After registering your company in St. Louis, you can access different incentives and programs that are sponsored by the state. This means you can grow your business at a steady pace, especially if you provide essential services.
The community development programs in Missouri aim to encourage businesses to make long-term investments. Such programs are encouraged in low-income communities. If you want to establish the business in an opportunity zone, you may become eligible for a temporary tax deferral on capital gains.
Invest in St. Louis
Finding the best location for your business is a priority every entrepreneur should work toward. In St. Louis, you have one of the strongest business communities, which supports startups to thrive and create employment. Also, the quality of life in the state is ideal, making this the perfect location for a new business. Whether you choose to rent or buy, make the first step to relocate your family and your business to St. Louis.
Keeping your clients in the know through digital channels is vital to your business’s success. If you need some help designing a great website or creating a digital marketing plan, Digital Broiler can help. Contact us to learn more about how we can help your business grow.