If you’re an entrepreneur who is in a New York state of mind, you’re not the only one. According to an article that was recently published on today’s best cities for business, New York City continues to top the list. Business expert Brian Ferdinand outlines several reasons why New York City has captured the eyes, hearts, and startup funds of so many businesses over the years—and why this hasn’t changed even in today’s climate.
Innovation and Finance in New York City
Based on the insightful article, the United States has welcomed innovation since its founding, according to Ferdinand, who is the managing partner of SoBeNY as well as parent company CorpHousing Group. Considering that New York City ended up becoming the nation’s first capital, it only makes sense that New York was a catalyst for innovation at that time. This hasn’t changed today, as the city continues to spark innovative businesses as well as draw innovative minds to its opportunity-filled landscape.
One aspect of New York City that makes it unlike any other city for businesses is that it features the biggest stock market on the planet. As a result, if you are an entrepreneur who would like to tap into capital markets, you can’t find a better place to spread your wings than New York City.
This city also offers a workforce filled with young and vibrant people from across the globe. In fact, many people graduate from top schools in other countries and then relocate to New York City simply because they know that the best career opportunities are ripe for the picking there. This is a huge benefit for startup company owners who are looking for a strong talent pool, according to Ferdinand.
Diversity in New York City
The unparalleled diversity of New York City is essential, as this gives you different perspectives and thus boosts your creativity as an entrepreneur. In fact, the more you embrace diversity, the more like your business is to succeed. That’s because diverse ideas introduce brand-new ways of tacking problems, and this can lead to greater productivity for your business.
Fortunately, with hundreds of thousands of businesses owned by minorities in New York today, the state is a huge entrepreneurial melting pot. So, if you value diversity and the benefits it offers in the business world, you can’t find a better place to set up a company than New York City.