With a population of over 5.9 million people, Atlanta is the most populous and capital city of the US state of Georgia. Over the years the city has risen to prominence thanks to its diverse economy that features various sectors such as aerospace, business services, information technology, media operations, medical services, and transportation to name a few.
Atlanta is rated as a “beta+” world city and therefore it exerts a global impact on arts, commerce, education, entertainment, finance, media, research, and technology-related industries.
As of 2010, the city has been labeled as the 7th most visited city in the US since it receives nearly 35 million visits by tourist every year. While there are countless enthralling and fun things to do in Atlanta, we would like to bring your attention and focus towards the reasons that make it a great place for any new business and startups. So let’s take a quick look at the advantages of being in the ATL.
Amazing Odds That Cannot Be Simply Ignored
Atlanta was recently named as one of the top cities in the US that are great for business startups outside of the New York and San Francisco region. A comprehensive metric-based system was used to evaluate the city’s support and survival features in terms of what a startup might need to grow quickly. This took into account various factors such as:
- Number of already existing startups within the locality
- The amount of venture capital investment required
- The available tech talent pool for further growth
- The number of millennials and their concentration within the population
- The gross domestic product for the city
- Cost of living
- The time required to travel for work
- And overall college education attainment rate
Around 41 cities were evaluated by FitSmallBusiness that performed this analysis, and the results proved that Atlanta is indeed one of the top 10 most attractive cities for new business startups. Even WalletHub recently shared the love for Atlanta by labeling the city as the best place to start a career in its recent evaluations. Furthermore, it was also previously awarded a ranking amongst the best 50 American cities for those seeking employment. The only major concern that some people might consider is that the city is slightly hindered due to its long averaging commuting times, however for locals that are a part of their everyday routines.
Additional Advantages The City Has To Offer
Atlanta has many beneficial features for it to become a world-class business powerhouse. The low cost and reduced regulation along with its diverse skilled labor are simply the tip of the iceberg. Here are some of the greatest advantages which the city has to offer for anyone looking to initiate their own startup in the coming years:
- Ideal conditions and a friendly business environment. It offers an extremely low cost for running a business due to a wide variety of incentives which the metropolitan is brimming with. There are numerous sites available for those who want to relocate their setups. Incentives include ease of access for loans, grants, bonds, and state tax credits.
- Gratifying and pleasant living conditions due to its huge variety of outdoor activities and entertainment venues. This includes award-winning food outlets and restaurants along with incredible sporting venues. Nevertheless it is indeed the low cost of living which makes Atlanta an enjoyable and lovable place to stay.
- The city is currently being focused on future developments. It is the home of AT&T Mobility’s initiative for Smarter Cities. Many of its infrastructures along with traffic management systems actively deploy smart technologies and Internet of Things to create stupendous quality of life within the city. Moreover the city also features AT&T recent release by the name of GigaPower services that offer you internet connectivity speeds of over 1 gigabit per second to apartments, homeowners, and small businesses that are spread along over 20 of its communities.
- Atlanta offers you enriched labor forces and is without a doubt a millennial magnet. In recent years it has quickly transformed into a tech hub of sorts. Around 30% of all jobs in Atlanta are based on fresh new startups. This has evolved the city’s commercial landscape as it receives more than $500 million as venture capital as of 2015. The Atlanta Tech Village has become the largest entrepreneurship center. Lastly, the quality of life along with the city’s overall low cost of living has transformed Atlanta into a great haven for fresh new businesses to seek opportunities to grow and expand their ventures.
Smart Startups: Welcome To Atlanta
We hope this post was able to offer you some great insights as to why you should consider Atlanta as the next venue for your business startup. For any further queries related to the topic, please feel free to let us know your feedback and opinions in the comment section below.
Amazing Odds That Cannot Be Simply Ignored
Atlanta was recently named as one of the top cities in the US that are great for business startups outside of the New York and San Francisco region. A comprehensive metric-based system was used to evaluate the city’s support and survival features in terms of what a startup might need to grow quickly. This took into account various factors such as:
- Number of already existing startups within the locality
- The amount of venture capital investment required
- The available tech talent pool for further growth
- The number of millennials and their concentration within the population
- The gross domestic product for the city
- Cost of living
- The time required to travel for work
- And overall college education attainment rate
Around 41 cities were evaluated by FitSmallBusiness that performed this analysis, and the results proved that Atlanta is indeed one of the top 10 most attractive cities for new business startups. Even WalletHub recently shared the love for Atlanta by labeling the city as the best place to start a career in its recent evaluations. Furthermore, it was also previously awarded a ranking amongst the best 50 American cities for those seeking employment. The only major concern that some people might consider is that the city is slightly hindered due to its long averaging commuting times, however for locals that are a part of their everyday routines.
Additional Advantages The City Has To Offer
Atlanta has many beneficial features for it to become a world-class business powerhouse. The low cost and reduced regulation along with its diverse skilled labor are simply the tip of the iceberg. Here are some of the greatest advantages which the city has to offer for anyone looking to initiate their own startup in the coming years:
- Ideal conditions and a friendly business environment. It offers an extremely low cost for running a business due to a wide variety of incentives which the metropolitan is brimming with. There are numerous sites available for those who want to relocate their setups. Incentives include ease of access for loans, grants, bonds, and state tax credits.
- Gratifying and pleasant living conditions due to its huge variety of outdoor activities and entertainment venues. This includes award-winning food outlets and restaurants along with incredible sporting venues. Nevertheless it is indeed the low cost of living which makes Atlanta an enjoyable and lovable place to stay.
- The city is currently being focused on future developments. It is the home of AT&T Mobility’s initiative for Smarter Cities. Many of its infrastructures along with traffic management systems actively deploy smart technologies and Internet of Things to create stupendous quality of life within the city. Moreover the city also features AT&T recent release by the name of GigaPower services that offer you internet connectivity speeds of over 1 gigabit per second to apartments, homeowners, and small businesses that are spread along over 20 of its communities.
- Atlanta offers you enriched labor forces and is without a doubt a millennial magnet. In recent years it has quickly transformed into a tech hub of sorts. Around 30% of all jobs in Atlanta are based on fresh new startups. This has evolved the city’s commercial landscape as it receives more than $500 million as venture capital as of 2015. The Atlanta Tech Village has become the largest entrepreneurship center. Lastly, the quality of life along with the city’s overall low cost of living has transformed Atlanta into a great haven for fresh new businesses to seek opportunities to grow and expand their ventures.
Smart Startups: Welcome To Atlanta
We hope this post was able to offer you some great insights as to why you should consider Atlanta as the next venue for your business startup. For any further queries related to the topic, please feel free to let us know your feedback and opinions in the comment section below.
