Choosing the right location for your business can be one of the most important decisions you make. After all, you’ll be investing a considerable amount of money in it. There are many factors to consider before making such a significant decision, and knowing what to look for can help you avoid costly mistakes.
There are many reasons why you should start a business in Newtown Square, Pennsylvania. Here are just a few:
1. Location, Location, Location
If you are looking to start a business in a city that is a major hub for business, shopping, and employment, then it is hard to go wrong with Newtown Square. Not only does the city offer a wide range of services and businesses, it also boasts an abundance of jobs and a large student population.
2. Low Property Costs
While the price of real estate in the city is high, it is not prohibitive. In fact, the cost of owning property in Newtown Square is considerably lower than the national average. For example, a building located in downtown Newtown Square can be purchased for $250,000, whereas the average cost of the same building across the country is $1,500,000. If you are planning to rent space to your business, the prices are also comparatively lower.
3. Small Business Tax Incentives
The city offers small business tax incentives. In addition, the city offers low-cost financing options for both business and residential properties.
4. High Quality Schools
Newtown Square is home to the Delaware Valley University and the Philadelphia University campuses. The city`s schools are ranked highly in the United States. In fact, DVCU is ranked number four in the nation for undergraduate schools. Additionally, the Philadelphia University campus is ranked number three in the country.
5. Access to Transportation
If you are looking for transportation to and from your office, you are in luck. The city has a wide array of transportation options. The closest bus lines are the SEPTA Bus and the Broad Street Line. The city also has a train line that connects it to New York City and Washington, DC.
6. Accessible and Safe
Newtown Square is considered to be one of the safest cities in the country. The city boasts a variety of parks, libraries, and churches that help make it a welcoming environment for residents and visitors.
7. Affordable Living
For those who are looking to buy a home in the area, you can find a wide selection of affordable properties. Additionally, the city`s proximity to the Delaware River makes it a popular destination for those looking to enjoy recreational activities.
8. Friendly People
Residents of the city are friendly, caring, and willing to help out their neighbors. In fact, the city has been called the “friendly city” because of its warm and welcoming nature.
9. Excellent Infrastructure
Newtown Square is located on the Eastern Seaboard, which means that the city has excellent infrastructure. The city boasts a number of high-speed broadband internet service providers and fiber optic networks. This allows for fast and reliable connectivity for those looking to start a business.
10. Easy Access to Businesses and Jobs
Newtown Square is located in the center of Pennsylvania, which makes it an ideal location for businesses. In fact, the city boasts an impressive list of businesses that serve its residents. Additionally, the city offers a diverse mix of professional and service companies.