Everyone has their opinion of the Big Apple, but there are plenty of reasons to open a business in New York. The cost of living in NYC is much lower than in other big cities around the country, and the city government provides lots of resources for new entrepreneurs. Here are four more great reasons why opening a business in New York City may be the right choice.
1.Tax Benefits
It’s no secret that taxes are much lower in New York than they are in other states. The state of New York is currently the only U.S. state that does not assess income tax on the first $10,000 of salaries. That makes New York a great place to open a business for those who make less than $100,000 per year. If you’re looking for a more challenging tax environment, there are companies such as New York City Borough Tax (or NYCBT) that will help you analyze your business’s financial position and come up with a better strategy for success.
2.Great Location
New York City is one of the most famous cities in America, and it’s also one of the best cities in America to start a business. There are plenty of resources available, including financial help for start-up companies, and lots of opportunities that other major U.S. cities don’t have.
3.Multiple Airports
New York has two major airports. The Long Island MacArthur Airport, with flights to major cities including New York City, is the closest airport to Manhattan for those flying in from overseas. Just a few miles away is John F. Kennedy International Airport, which serves as a hub for many of the biggest airlines in the country and provides service to more than 125 different destinations abroad.
4.Many Job Opportunities
If you’re not interested in starting your own business, there are plenty of jobs in New York. The city’s famous fashion industry has been attracting businesses for many years, and every year more businesses look to the fashion industry for their employees. There are also thousands of medical jobs available all around the city, and there are a few colleges with campuses in NYC.
Conclusion
New York is one of the biggest cities in the world, and it’s also one of the most famous. There are many reasons why a business in New York City might be a good choice, including the lower tax rate and the cost of living. There are tons of resources available to new businesses in New York and many different job opportunities. If you’re interested in opening a business in New York City, you should look at the city’s website, which has a lot of information about opening a new business.
