Article by Teresa Greenhill
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It’s crucial to locate the right area to help you start or move your business. Toledo is a booming city with endless benefits to offer entrepreneurs and established business owners alike, just be sure to take the time to learn more about the city as you dive in. Read on for some pointers from Guy in the 419.
Renting vs. Buying a Home in Los Angeles
Toledo is an ideal place to start a business. It is a great place to start a business because of its relatively high quality of life. Companies in Toledo are able to take advantage of the area’s access to markets and customer density, which is crucial to any industry’s success. Toledo has a vibrant community. This means you can raise a family here while still enjoying a high quality of life.
In Ohio, the typical monthly mortgage cost is around $1,250 according to Insider, depending on where you live. If you are considering buying a home in the area but find that your budget doesn’t quite work with those numbers, there are options for you including securing a rental while you save up for a home in the neighborhood you learn you love most.
Fortunately, there are plenty of rental options available in the Toledo area. This means you’re likely to find a landing spot that meets your needs for space and budget. For help locating the best options for you, use an online search tool.
Down payment assistance is available for homebuyers—including a mortgage credit certificate (MCC), VA loan, Energy Efficient Mortgage program, or Homeownership Voucher Program.
When beginning your search for a home in Toledo, it helps to work with an experienced Realtor, so ask around to get local referrals before beginning your home search.
Toledo offers many opportunities for small and medium-sized businesses. The community supports new businesses through mentorship programs offered by organizations. There’s also easy access to funding through banks. You can also look for other supportive resources like:
- Entrepreneurial & Business Network
- Ohio Small Business Development Centers
- Toledo Regional Chamber of Commerce
Quality of Life
Toledo is home to a diverse, welcoming community. With more than 500,000 residents, the city has a strong work ethic. Toledo has many tools to support community happiness and entrepreneurial growth, such as:
- Lucas Metropolitan Housing Authority
- The Community Resources Center Cares Act Housing Assistance
- Pathway Toledo
The Toledo area is home to a number of colleges and universities:
- University of Toledo
- Lourdes University
- Bowling Green State University
Business Quick-Start Checklist
Don’t forget about the benefits of forming a corporation. For example, shares of a corporation are easier to transfer than LLC membership interests. Established investors tend to prefer the well-established and predictable structure of an S Corp, but each state has different regulations around forming a corporation, so be sure to check the rules specific to Ohio before moving ahead.
Before starting your business, it’s crucial that you develop a marketing plan. Marketing on social media should be an important part of your digital marketing strategy. Keep potential customers engaged by regularly posting on social media channels.
Starting a new venture and finding a new home can be daunting, but it helps to begin in an area conducive to new business. Toledo is such an incredible area, which is why you should consider it for your next move.
Guy in the 419 offers great social media promotional packages to help spread the word about a product, service, upcoming event, or just to promote your business in general. Contact us today for more information! 419.705.6829