Is Colorado Springs on your shortlist?
Location is important for attracting customers, finding qualified employees, and growing your business. Colorado Springs offers many benefits for business owners.
Economic Development Colorado Springs is a growth-oriented community, both in population and economic development. It’s one of Colorado’s fastest-growing communities and most rapidly expanding retail areas.
Community With an estimated population of 498,879, Colorado Springs offers a supportive community with lots of potential customers. The Colorado Springs Chamber & EDC actively supports and promotes businesses in the city.Other resources for entrepreneurs include:
- Pikes Peak Small Business Development Center
- Pikes Peak Workforce Center
- Shop Local Colorado Springs
Affordability The cost of living in Colorado Springs is higher than the national average, according to BestPlaces but still doable. Housing costs are a bit higher, with a median home price of $410,900 compared to the national average of $291,700. A one-bedroom apartment costs an average of $1,075 to rent as of 2021. The city offers a range of rentals, from older, affordable units to modern upscale apartments.
The reasonable cost of living means you can run a successful business in Colorado Springs and live a comfortable life here. And with a site like rehava.com, you can find an affordable residential and/or commercial property. The cost of living also makes labor more affordable to help you balance the costs of running your business.
Quality of Life The high quality of life attracts many families to Colorado Springs. The wide range of restaurants includes coffee shops, diners, bakeries, and fine dining establishments. Colorado Springs is home to 17 different school districts, many of which regularly rank high in performance and accountability. Some must-see places and activities in in Colorado Springs include:
• Garden of the Gods
• Memorial Park Skate and BMX Park
• Cheyenne Mountain State Park
• Pikes Peak
• Peterson Air & Space Museum
• Woodland Park Farmers Market
Colorado Springs is only 65 miles from Denver, and the proximity to a larger city gives you access to resources such as affordable suppliers and shipping companies and more entertainment options.
In Colorado Springs, 88% of residents have at least a high school diploma, and 32.1% have a bachelor’s degree. Having an educated workforce can help your company excel.
Several nearby colleges allow employees to easily continue their education:
- United States Air Force Academy
- University of Colorado – Colorado Springs
- Colorado College
- Nazarene Bible College
Business Quick-Start Checklist
Here are some resources for starting a business in Colorado Springs:
• Register. Complete your Colorado business registration.
• Research business licenses. Determine if you need a business license.
• Find financing. Search for business lending opportunities.
With its thriving economic climate, reasonable cost of living, and numerous other benefits,Colorado Springs is an ideal location to relocate or establish your business.