Reasons For The Growth Of Business In New York

New York is an incredible place to own and operate a business for any person with the entrepreneurial spirit. Manhattan is the epicentre of commerce, and rightly so. For hundreds of years, this borough has been home to some of the most dynamic neighbourhoods in the entire country, as well as the most lucrative business opportunities found in the United States. Here are some of the reasons for why Manhattan is currently such a hospitable place for a growing business:.get more official government page

 

1) Manhattan gives a company incredible visibility.

2) Manhattan is well known as the financial capital of the world, all the major players have a presence in this town.

3) New York City by itself is the 11th largest economy in the world.

4) Manhattan presents opportunity for any sized business, not just large multi-nationals.

5) There is tremendous potential for business growth in Manhattan due to the large and numerous communities that you can market your business to.

6) The current commercial real estate market favors the tenant, creating a golden opportunity to jump start any business venture.

7) Commercial rent in Manhattan has been falling, making it much more affordable to give your business a more prime location to operate than ever before.

8) Being located in Manhattan increases the perceived image of the company, as certain Manhattan streets and avenues have well known and glorious reputations from the prior businesses residing there.

9) The idea of working in Manhattan can be a major driving factor in recruiting top quality employees to your company.

10) The public transportation in Manhattan is incredibly conducive to reaching hundreds of thousands of people in the immediate area.

As you can see, there are many reasons why your business should be located in Manhattan. New York City is an incredible town, and is considered a global city for good reason. Being located in Manhattan can present opportunities that would otherwise be impossible, due to the allure and built in customer base this borough has to offer. It is no accident that Manhattan represents the pinnacle of entrepreneurship and capitalism, because of how many people have built successful enterprises here. Whether it is the human capital, aura, marketability, or infrastructure, Manhattan has all the necessary elements to make a business thrive.