Why is San Diego Ideal for Business Owners

San Diego is one of the best cities to operate a business because of the its diverse population, stable economy, high quality of life and established educational institutions. Whether you're buying an existing business or building a new one from scratch, San Diego offers a supportive business climate thanks to its numerous high-tech industries, a range of recreational assets and a well-educated and talented workforce.

Doing Business in a Large City

Whether you're building a startup or buying a mature business, operating it in San Diego lets you tap into all the benefits of running a business in a big city. The excitement of an enormous metropolis injects energy into the residents and businesses.

Here are some of the benefits of doing business in San Diego.

Infrastructure

San Diego has a diverse public transport system that includes buses, a waterfront shuttle, pedicabs, the iconic San Diego trolley and trains. If the business involves a lot of travel, you can benefit from the airports in the city. Other infrastructural benefits include small-business development centers and business networks.

Well-Educated, Talented Workforce

San Diego has a large pool of talent with a wide range of skills. Moreover, there are many levels of housing in San Diego - from the pricey to the affordable. For that reason, all your employees - from the C-suite executives to line workers can find a place to live.

Diverse Population

San Diego is the eighth largest city in the United States, with a diverse population of 1.4 million residents. It's becoming increasingly multicultural thanks to its economy's global recruitment capabilities and its proximity to Mexico.

Financing Options

Funding options in San Diego include private investors, venture capital and debt. Most financers prefer to lend money to existing businesses in the city. While you still need to meet the requirements of the lenders, the City of San Diego offers a variety of incentives and programs.

Supportive Government Practices and Programs

If you're looking for a place to start or buy a business, you'll find San Diego quite inviting. The city's economic development programs and government practices help businesses thrive. It's a great place to live and do business thanks to a well-maintained, modern infrastructure and a safe, healthy environment.

San Diego offers several incentives that give new business owners an opportunity to gain traction in the market and expand. Your business can access these incentives as long as it does one of the following:

• It promotes the growth and stability of the city through taxes.
• It offers employment to many people in the city.
• Other jurisdictions are inducing it to relocate from the city.
• It substantially develops older areas of the city.

The Business Expansion, Attraction and Retention (BEAR) Division of the Economic Development Department in San Diego works directly with important businesses in certain industries. Various programs offer businesses and other stakeholders incentives and assistance with the aim of creating and retaining jobs in the city.

In addition to that, you can get help with an expedited permit review, due diligence and project advocacy. The financial incentives you can benefit from include reimbursement of a portion or all fees related to building or development.

Certain businesses in San Diego may also be eligible to receive approval of development- and building-related permit entitlements and expedited reviews. Before buying or leasing real estate, the staff at the city's Economic Development Department can help you with submission requirements, development regulations and identification of zoning standards.

Businesses Thrive in San Diego

In San Diego, you can tap into a large, diverse pool of experienced and qualified professionals and a vast customer base. These employees can commute easily using any of the public transport options for local transport and easily accessible airport when traveling outside the city. In addition to accessing various funding options, the government practices in the city are supportive of small businesses.

If you are looking to purchase a business or sell one in the San Diego area, schedule a meeting with a LINK San Diego business broker today by calling 858-452-3000 or email at infosd@linkbusiness.com.