By: Josh Gerth, Vice President, JLL
We have all heard the phrase before: location, location, location. If you have plans to start a business soon, be sure you have this lasting phrase tucked in your back pocket.
We’re in the era of small businesses and startups popping up all over the U.S. In fact, the U.S. Small Business Administration reports that an estimated 28 million small businesses exist in the U.S., accounting for 54% of all sales. Competition for small business success is fierce, with an unfortunate 96% of small businesses failing within 10 years.
Before you finalize your business plans, sign an office lease and head down the road of entrepreneurship, choose the best location to accelerate success. You won’t have to travel far either, as the Great Lakes region is booming with perfect locations for your next small business. Beyond the finances, these cities are buzzing with new retail and residential hot spots.
Read below for five cities that are waiting to welcome your new business (and employees) home.