The lovely metropolis of Fort Collins, Colorado, is no longer up-and-coming; it’s officially the place to be. According to a recent study by RewardExpert, Fort Collins ranks 9th in the U.S. for the best places to start a small business! If you’re looking to open a business in Fort Collins, now is the time to jump on that train.
It’s becoming clear that Fort Collins has been on the rise for years with new developments, infrastructure, and improved city programs. Along with the ongoing college town advantages and the booming housing market, Fort Collins is an ideal place to live and to start or open a company. Here are the facts broken down:
The Business-Mindedness of Fort Collins
It’s no secret that Fort Collins boasts strong business-mindedness. Between the availability of business resources and the large number of entrepreneurs who live here, there are so many great reasons to start a business in Fort Collins. Check out these top business-minded advantages:
Broadband for all! The City of Fort Collins is spearheading a community-owned broadband fiber-optic network, which makes for an exciting time to open a business in Fort Collins. Within the next two to five years, the city of Fort Collins will have access to this community-driven fiber-optic network. This will help to encourage economic growth and in turn, create healthy competition in the steadily growing metropolis of Fort Collins.
Education Is key. Colorado has an above-average number of educated people. With Colorado State University located in the heart of Fort Collins, graduates often stay here post-graduation – for a number of reasons, but we think it’s primarily due to the reasons in this blog. The average percentage of people in Fort Collins with a 4-year degree is 52.5 percent, whereas the average for the United States is 34.15 percent.
The resources are abundant. Fort Collins has a superior amount of resources for people starting new businesses. Coworking spaces are becoming increasingly popular here, including the Digital Workshop Center, The Music District, The Articulate, and Cohere Coworking, just to name a few. Fo(co)works is a great resource to find available coworking spaces. You’ll also be able to find unique courses at spots like the Larimer Small Business Development Center and the Poudre River Public Library District to help grow your business.
There are a couple of statistical advantages for opening a business in Fort Collins. The following statistics were the main contributing factors that landed Fort Collins 9th on RewardExpert’s list:
Within the city of Fort Collins, business ownership is in the 98th percentile – meaning 98 percent of other metropolitan areas in the nation have less business ownership than Fort Collins! That’s incredible, considering an average startup rate is in the 79th percentile.
Fort Collins’ corporate tax rate is low, at 4.63 percent, whereas the national average is 21 percent. Fort Collins also boasts a helpful new job tax credit.
Location, Location, Location
The last important piece of the puzzle is location. Fort Collins is a bustling city with a wide array of commercial real estate options, eye-catching storefronts, and interesting entrepreneurial ventures that stimulate healthy competition. If you’re hoping to open a business in Fort Collins, this final section is the cherry on top of the proverbial sundae:
Did someone say “beer”? It’s no secret that the Fort Collins beer scene is incredible. With more than 20 functioning breweries within city limits, the proof is in the… beer! Check out the top five breweries near our future location in this recent blog post.
We have fun. Fort Collins draws in exciting and interesting people because of the amount of awesome things to do here! From food truck rallies to concerts in the canyon, there’s an endless bucket list of activities in and around Fort Collins to embark on.
Planes, trains, and automobiles. Fort Collins is located 65 miles northwest of Denver International Airport, making it an easily accessible place to get to from anywhere. Not only is there an international airport an hour away, but there are also many ways to get to the airport. There are several shuttle companies, buses, and carpooling options for the out-of-towner, as well as affordable public transportation options around town.
Our commercial real estate is abundant – and close to the action! When thinking about starting a company in a new town, commercial real estate is probably one of the most important contributing factors. Here’s some good news for you: we have a few commercial units left at Confluence! There are so many wonderful reasons for investing in a commercial real estate property in the River District of Fort Collins, including, but not limited to: heavy foot traffic, 26 lofts above the commercial units, and its proximity to restaurants, breweries, and bars.
If you want to open a business in Fort Collins, look no further than Confluence for your commercial storefront or office space! We are currently leasing units on the ground floor of our modern and sleek yet-to-be-built property in the heart of Old Town, Fort Collins. Bring success to your business by opening a new storefront or relocating your office to this bustling, fun, and exciting metropolis – contact us today to learn more!