In most cases, the location of a business heavily affects the business’s complete success. It’s easy to see why – proximity to the target customers, support from local communities and organizations, building networks, and more. These are some of the factors that can make or break a new business. Since it seems like every startup is moving to Dallas, Texas, it’s evident that this metropolitan city has it all. The economy is thriving, the people are friendly, and you can enjoy many things and activities to fill up your time. Of course, incentives like no state tax is a super lovely bonus. Without wasting another second, let’s dive deeper into the reasons why Dallas, Texas, is the freshest hub for new startups and why you should kick start your business there right now!
Why Dallas?
The city has rightfully earned its status as one of the best places to live in the States and with the fastest growth.
This can be old news for some because Dallas’s history with entrepreneurship is rich and goes way back. What’s more, the city was founded in an entrepreneurial spirit in 1841 with the intention for it to be a trading meeting place. Thirty years from then, the surrounding rural places around the city of Dallas, which now counted more than three thousand inhabitants, could get everything, including cotton, books, medicine, liquor, jewellery, insurance, clothes, and more. As the years went by, Dallas was a beehive of entertainment and jazz and blues shows, art, sports, and more at the beginning of the twentieth century.
Nowadays, major companies are thinking of relocating to Dallas and Texas in general. Further, the city is home to some of the buzziest startups in America. And population-wise, the Dallas Metro Area has more than seven million inhabitants now.
Reasons Why Dallas Is a Great Choice for Your Startup
Access to Talent
As seen historically, Dallas has an abundance of industries. So, once you find your niche, the next aspect you should focus on is talent.
Being one of the largest metropolitan areas in the country, Dallas takes fourth place. Also, Dallas has become richer with 150,000 people annually. This represents a considerable pool of skilled and experienced individuals for the job positions that you may be looking for at the moment. The fact that Texas doesn’t charge an income tax helps a lot in this situation. That’s why any employees who may want to change their location to Texas may see a rise in their wage by a maximum of 13.3%.
Diversity
Dallas is, by all means, a diverse society. According to experts, it’s one of the factors why the entrepreneurial ecosystem thrives and develops. Whether we’re talking about diverse industries, diverse customers, diverse user group communities, diverse founders, and more, it’s clear that it’s the city’s asset.
When you bring together people from different backgrounds, you can enjoy versatile ideas. Also, it’s proof that there is something for everyone, and everyone can find the niche they want to operate.
Opportunities for a Larger Impact
Another great thing about Dallas is that it has many companies that have both national and worldwide success. There are many helpful and good conditions for launching a business that all entrepreneurs can consider and utilize.
No wonder many of the headquarters of Fortune 500 companies are located there. Then, there are multiple international airports and a workforce that’s diverse and equipped with different skills. Speaking of this, the number of residents and the size of the whole city are slightly oversized.
All of these represent a solid ground for starting and running your startup in this city.
Affordable Properties and Real Estate
Understandably, people that want to start a business need all the financial benefits they can get. Affordable real estate is one of them. It’s beneficial that the city doesn’t have an income tax. This, in return, lowers the prices of the properties that are available for sale or rent.
Moreover, the hunt for commercial buildings is intense in the city, and the wish to find talented teams won’t ask for a fortune. This is possible to find thanks to Dallas’s firm culture of helping people achieve their goals. This culture manifests itself in the numerous initiatives for supporting businesses that are regularly organized.
Helpful Community
Overall, the city feels like a small community despite occupying the 15th spot on the list of the largest cities in the country. Most people seem to have adopted the attitude of ‘I can do this and move forward with it.
They tend to be open for support and understand that all businesses are a part of the same community, so in order for it to thrive, everyone should be easily reachable and willing to help. In fact, the Mayor can be reached directly by phone call.
Progressive Mindset
At first glance, this may not seem like an apparent key reason to choose Dallas as a destination for starting your business. However, when you dive deeper into it, you’ll realize just how important the mindset of the people is.
If they focus on the past more and don’t follow or accept the latest trends, they will be more reluctant to be a part and support a new business. Luckily, the citizens of Dallas think progressively. What’s more, they all wish to be successful at what they do. And to get there, they are open to trying new things, including your new startup. Ideas and developing the skills are among their top points of focus.
Final Thoughts About Starting a Business in Dallas
What do you think? Does Dallas sound like the proper city for starting your business? After everything that we’ve discussed, it can be concluded that it’s a large city with many opportunities. Still, the residents think progressively and help each other. Due to this, you won’t have trouble adapting to the atmosphere and the community.