A FEW REASONS WHY NASHVILLE IS STILL AN AWESOME PLACE FOR SMALL BUSINESS OWNERS
It is true that Nashville’s small business owners are struggling in two of the eight economic indicators. The city currently ranks a bit below the national average when it comes to the availability and cost of labor, as well as in the ease of their ability to get the necessary materials to operate those businesses. Skyrocketing real estate is also making life a bit more difficult, and obtaining a small business loan is not as easy as it once was.
Nevertheless, the explosive growth here in Music City is allowing many small business owners to reap some pretty substantial benefits. Large numbers of people are moving to the area every month, expanding the potential labor force and increasing the potential customer base. Many small businesses are in expansion mode to keep up with those increases.
Business-friendly regulations, strong leaders in the community, and innovative programs created to support area business are important factors in the nurture of Nashville’s small business community.
The central location of the city is one more reason why Nashville is a small business magnet, and BNA, Nashville’s International Airport sweetens the deal. The lack of a state income tax doesn’t hurt, either.
All the indicators illustrate that Nashville is still an awesome place for small businesses:
- 100 out of 100 – Nashville’s “small business optimism” score
- 63 out of 100 – Nashville’s small business health score
- 72 out of 100 – Nashville’s innovation score
- ⅔ – the number of small business owners who say there has never been a better time to do business in Nashville
- 85 – the percentage of small business owners in Nashville who anticipate that they will be doing very well this time next year
The last decade has been an exciting one for the city of Nashville, and as we move into the next one, we believe that we are positioned for continuing success as a business community. Here at Piccolo Marketing, we are fully convinced that Nashville is still, and will continue to be, an awesome place for small businesses into the foreseeable future. Call us today for help with all your marketing needs.