When you launch your business in Jenkintown, PA, you`ll find the resources you need to grow it into a thriving company. You`ll have access to financial help from the Small Business Administration and other resources to help you succeed.
According to the U.S. Census Bureau, Pennsylvania ranks 19th out of 50 states for new businesses. New businesses can benefit from low taxes, access to capital, and an educated workforce.
Jenkintown has a strong economy and good business climate. With more than $1 billion in annual retail sales, it has been named a Top 5 Business Friendly Town by the National Association of Manufacturers.
According to the U.S. Census Bureau, Jenkintown has a total population of just over 32,000 residents. That means you`ll have plenty of opportunities to network and connect with other local businesses.
Small businesses in Jenkintown, PA, have access to a wide variety of resources. The Small Business Administration has helped many small businesses grow since its founding in 1953.
The SBA offers a number of programs to help local businesses. The 504 Loan Program provides up to $2 million in financing for small businesses. The SBA-backed Microloan Program provides up to $35,000 in financing to local entrepreneurs.
Other organizations in Jenkintown, PA, support small businesses. The Community Foundation of Lehigh Valley, a local philanthropic organization, supports entrepreneurs and small business owners through education and training programs. The Foundation provides grants and loans to support new and existing companies.
The Community Foundation of Lehigh Valley also offers advice and guidance to local entrepreneurs. The Entrepreneur Center in Lehigh Valley is located in Jenkintown and serves as a resource for people who are looking to start a business.
A look at the benefits of starting a business in Jenkintown, Pennsylvania:
Starting a new business is a daunting prospect for many people. While it can be a rewarding and financially beneficial endeavor, it is still a risky venture. This can lead to some hesitance from those who want to start a business, but aren’t sure if they are ready. In the end, it is important to determine whether or not your business can succeed in your location. If you are looking to start a business in Jenkintown, Pennsylvania, here are some of the reasons why it can be successful.
The cost of living in Jenkintown, PA
Jenkintown is located in Berks County, Pennsylvania, which means that it is part of the Main Line area. The Main Line is generally considered to be a wealthy region of the state. In fact, Berks County has the highest median household income in the state. According to the US Census Bureau, the average income in the county is $85,000 per household. This is much higher than the national average, which is around $50,000.
The cost of living is also lower in Jenkintown than the rest of the country. According to the US Census Bureau, the cost of living in the Main Line is around 7% lower than the national average. In addition, the cost of housing is also lower in Jenkintown than in most other parts of the country. For example, the median home price in the Main Line is $400,000, compared to the national average of $250,000.
More businesses are being opened in Berks County
According to the US Census Bureau, there are currently 2,700 businesses in Berks County. This is an increase of 467 businesses since the last time the census bureau collected the data. Of the 2,700 businesses, 1,900 are small businesses, which include sole proprietorships, partnerships, and LLCs. The remaining 700 are large businesses, which include corporations, limited liability companies, and public and private corporations.
There is a high demand for business in Jenkintown
With the number of businesses in Berks County increasing, it is no surprise that there is also a high demand for business in the county. In fact, according to the US Census Bureau, the unemployment rate in the county is 3.8%. In comparison, the national average is 5.7%. In addition, the number of businesses per thousand people in the county is 5.8. This is higher than the national average of 4.3.
These are just some of the reasons why it is possible to start a business in Jenkintown, Pennsylvania. However, you need to decide if it is the right location for you. Contact us to learn more about the benefits of starting a business in Jenkintown.