If you’ve decided to start a business, you want to set up shop in a place that’s supportive of entrepreneurs. Louisville, Kentucky, is a great choice, providing a startup-friendly atmosphere and a good quality of life. Read on to find out why Louisville could make a great hub for your future business success.
Enjoy a fantastic quality of life
When you aren’t busy working on your business, you want to enjoy life. In addition to great restaurants and bars, Louisville offers plenty of interesting and fun attractions for all ages. Whether you want to take a day off solo or plan a family outing, there is sure to be something to suit your style. Here are a few highlights:
- Take a tour of Churchill Downs race track.
- Check out Bourbon Country with a tour.
- Head to the Fourth Street entertainment district.
Benefit from a low cost of living
You want to be able to enjoy your hard-earned money. Louisville’s affordable cost of living makes it possible. The housing market is better than other urban hubs, for example, as RedFin lists the median home sale price in Louisville as $240,000. When searching for a place, consider traits like proximity to transport, stores, gyms, and schools.
Take advantage of a supportive community for entrepreneurs
Setting up a business requires attention to a lot of details, from creating a website to hiring staff and developing a marketing plan. Louisville has the professional support system you need. You’ll find skilled experts across an array of fields available to help you get your entrepreneurial endeavor off the ground. Here are some helpful resources:
- Create a stellar business website with help from & Mrs. Smith web design.
- Get startup guidance from local small business development centers.
- Use the city’s dedicated business services guide to find the services you need.
Access an educated workforce
Having an educated workforce at your fingertips simplifies hiring when you’re looking for staff for your business. Even if you’re starting small as a solopreneur, odds are you’ll expand later and need people. Louisville is home to many great colleges and universities, so you’ll have an eager crop of young talent to recruit from. Schools in the area include:
- Bellarmine University
- University of Louisville
- Spalding University
Find plenty of funding opportunities
Kentucky is eager to attract entrepreneurs and offers plenty of benefits for startup owners. The state’s Cabinet for Economic Development provides a resource guide to help you access capital, including information about small business tax credits, export grants, and more. There are also special funding opportunities for businesses owned by women.
Benefit from a central location
While you may start your business in Louisville, odds are you’d like to expand later. As your business grows, you’ll benefit from easy access to other parts of the United States. Louisville has its own airport, which can serve as a valuable connecting hub, getting you where you need to go to meet future investors, business partners, clients, and more.
Your personal Louisville startup guide
Ready to get your business going in Louisville? Fantastic. You’ve made a great choice. Before you commence operations, there are a few administrative steps you’ll need to take care of to ensure a streamlined startup. Here are some of the items you should check off your to-do list:
- Register your business with the Secretary of State.
- Determine what licenses you need to set up your local business.
- Set up a business bank account with a local bank.
With its affordable cost of living and supportive entrepreneurial community, Louisville is a great place to establish your startup. You’ll be able to enjoy a thriving personal and professional life here. Trust the tips above to help you get things up and running.
For more content to help you build a thriving Kentucky business, visit the blog of Louisville web designers Mr. & Mrs. Smith.