By Amy Collett
From its scenic beauty to its thriving economy, Canandaigua, New York has a lot to offer aspiring entrepreneurs. Today, Crane Realty is proud to outline just a few reasons Canandaigua is a great place to start or relocate your business.
1. Regular People Can Afford To Live There
The average house in Canandaigua costs just under $300,000! Alternatively, if you’re looking for something smaller, the average rental is under $1,300. Some rentals charge as much as $2,000 per month while others are as low as $700. This affordability means that business owners can attract more high-quality workers for reasonable wages than they would have to pay in more expensive regions.
2. Canandaigua Is a Tourist Destination
Serving as the western gateway to the Finger Lakes, Canandaigua has a thriving tourism industry. This includes a plethora of wine trails and restaurants, as well as historic sites like Sonnenberg Gardens and the Canandaigua City Pier. With regular tourism serving as Canandaigua’s primary income, you’ll have a steady but vibrant customer base to help your business grow.
3. Canandaigua Has an Educated Workforce
Almost 40% of Canandaigua’s approximately 10,000 residents have a Bachelor’s degree or higher. And parents will be glad to know that Canandaigua has seven schools to choose from! Having such a well-educated workforce benefits your business in various ways, including increased capacity for problem-solving and less need for training.
4. The Town Is a Good Environment for Entrepreneurs
When times get tough, community support is vital. The business community includes both new and longtime residents with diverse offerings like breweries, cannabis dispensaries, and shipbuilding companies. Additionally, there are several organizations available to assist local businesses, including the Canandaigua Chamber of Commerce and the Canandaigua Local Development Corporation.
5. Resources for Starting a Business in Canandaigua
Resources you need to start a business include a source of funding, employees, industry knowledge, equipment, a location, and a support system. Additionally, you should choose how to organize your business. Forming a limited liability company (LLC) provides your business with tax benefits, saves paperwork, and provides liability protection. However, regulations vary by state, so familiarize yourself with the process in New York before you begin.
To save yourself the hassle, work with a formation company to ensure everything goes smoothly on this front. There are also plenty of ways you can save money on your business. First, you can advertise for free via social media. Another idea for saving on costs is by avoiding hiring a graphic designer! Simply use this free business logo creator to generate an eye-catching design to represent your product or service.
The low cost of living, unique culture, and high quality of life found in Canandaigua, New York makes this small city a suitable place to run a business. Whether you are considering a seasonal tourist attraction or a year-round operation, there are plenty of opportunities to thrive.
Crane Realty offers 3D virtual tours, aerial footage from drones, and a commitment to continue investing in the latest technology for you. Call 585-536-0755.