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Here are 5 Reasons Why Atlanta Is A Great City For Small Companies

Step aside, Big Apple! It’s the peach state’s time to shine. If you’re searching for your next move, look no further than Atlanta, Georgia. Headquarters to UPS, Home Depot, Coca-Cola and Delta, this city has long since proven itself among the Fortune 500 elites. Now though, a wave of smaller businesses and cutting-edge start-ups are flocking south.

Here are 5 great reasons why your business should be Georgia-bound as well:

Small Business Programs

Did you know that Georgia has been named the most business-friendly state in the country 5x by Site Selection Magazine? Atlanta’s official economic development team proudly upholds their state’s standard through numerous small business initiatives. Business owners can request help with site selection, tax filing, fundraising and financial planning. The state of Georgia also proudly hosts some of the top workforce training programs in the country. To date, Atlanta’s development team has helped garner $1.2M in loans for small businesses and raised $296M total capital investments – imagine what they could do for your business!

Tax Incentives

Recognized as the city with the lowest cost of doing business by Business Facilities Magazine in 2014,  Atlanta’s commitment to business development has only strengthened over the years. With a number of special tax zones, tax credits and tax exemptions, there is a wealth of money to be saved by companies of all sizes. Check out Georgia’s full incentives brochure for a better idea of which ones could apply to your business:

Young and Hungry Workforce

Money named Atlanta #4 on their list of best cities for millennials, which is important since Inc. projects they’ll make up 75% of the global workforce by 2025. Combine that popularity with the Atlanta’s high Forbes rankings in job growth and education, and you have yourself one of the strongest, growing work forces in the nation. Best of all, the statisticians at Invest Atlanta estimate the city retains 73% of its college graduates across all majors from biology to accounting, making this powerful group as diverse as they are skilled.

The New Silicon Valley

Many experts are calling Atlanta the nation’s next tech mecca and with such huge recent growths in the sector, it’s hard to argue differently. Why should a small business owner outside the tech industry care, though? It’s simple. Future-focused cities catch the eyes of big businesses, investors, and even potential residents. Everyone wants to be a part of the next big. As tech companies thrive and draw in more people, infrastructure will need to grow, real estate will be purchased, and household incomes will increase, subsequently increasing discretionary spending. In short, the more money spent by/on tech companies within the city, the better the city’s overall economy.

Great Place to Live

It’s not just your business that needs a home – you’ll need one, too! Fortunately, Atlanta has been voted one of the best places to live and work by U.S. News multiple times. Residents enjoy both southern charm and big city living with Atlanta’s award-winning sports teams, museums, parks, theaters, and restaurants. Did we mention it’s been named one of the friendliest cities in the country by multiple sources including Travel and Leisure? Maintaining a health work/life balance certainly won’t be a problem in Georgia’s capital.

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A well-planned budget can also help you face emergencies and market trends that cannot be foreseen.

Here are three simple steps can guide you in preparing an effective and stress-free budget for your business:Read more

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