Ready to open your own business? Dallas is a great place to start a business for many reasons. The cost of doing business is relatively low, there are plenty of resources available, the economy is strong, and Dallas is centrally located with easy access to transportation hubs. Let’s take a closer look at each of these factors.
The cost of doing business in Dallas is relatively low compared to other major cities
Dallas has a relatively low cost of doing business. According to a 2019 report from the Dallas Regional Chamber, the cost of doing business in Dallas is 9.4% lower than the national average. This means that businesses can save money on overhead costs like rent and utilities. Additionally, Dallas has a large pool of skilled workers, which helps keep labor costs down.
Dallas is a major city with a large population and ample resources
There are plenty of resources available to businesses in Dallas. The Dallas Regional Chamber provides access to capital, networking opportunities, and educational programs. Additionally, the Dallas Entrepreneur Center offers co-working space, mentorship, and classes for entrepreneurs.
Resources to entrepreneurs just starting and local networking opportunities can be critical for a business’ success. Dallas provides both of these in droves. Eventbrite and Meetup can also be great places to find resources for business owners.
Dallas has a strong economy and is home to many Fortune 500 companies
The Dallas economy is strong and growing. In 2019, Dallas was ranked as the number two city for job growth by Forbes. The Dallas-Fort Worth metro area is also home to many Fortune 500 companies, which provides opportunities for partnerships and collaboration.
In addition, Dallas is a hub for several industries, including technology, healthcare, and manufacturing. This diversity helps insulate the Dallas economy from downturns in any one sector and is great for B2B businesses.
The city is centrally located and has easy access to major transportation hubs
Dallas is centrally located with easy access to transportation hubs. Dallas is within a day’s drive of two-thirds of the US population, making it easy to reach customers and suppliers across the country. Dallas is also served by two major airports, Love Field and Dallas/Fort Worth International Airport. These airports provide direct flights to destinations across the globe.
Dallas is a great place to start a business because of its low cost of doing business, plentiful resources, strong economy, and central location. If you’re thinking about starting a business, Dallas should be at the top of your list.