A number of recent surveys evaluating American cities' business and intellectual viability show a regional trend in regards to conditions such as the cost of doing business, brainpower and, most recently, MarketWatch's "Best Cities for Business" list.
MarketWatch's placed Washington, D.C., at the top of its list, citing its apparently recession-proof job market and federal government-based culture and economy. Omaha, Nebraska, narrowly beat Boston, Massachusetts, for second place. However, a number of California cities including Bakersfield, Fresno, San Francisco and Sacramento all placed fairly low on the list of 102 American cities. New York City took the No. 8 spot, followed by Harrisburg, Pennsylvania.
What's more, another recent survey by Portfolio.com placed Boston, Washington, Stamford, Connecticut, in its list of cities with the most "brainpower." However, San Francisco and San Jose also ranked on that list.
However, San Francisco was also featured on a list of the most expensive cities for business in the most recent Kosmont-Rose Cost of Doing Business study.
The string of surveys generally show California to be a region of high business potential mixed with high unemployment and regulatory structures. Meanwhile, cities in the northeast, aided by a network of elite educational institutions, are able to maintain a relatively stable economic environment but at the risk of older business methods.
Entrepreneurs looking to incorporate in New York or California may want to consider the differences between the regions before moving ahead with a plan.
Tags : business licenses & permits, ca, incorporation news, ny, taxes
Posted: Dec 20th, 2010