Downtown Chattanooga tile
Photo by Staff File Photo /Times Totally Free Press.
SmartAsset's study found that Chattanooga has many of the very inexpensive work place in the nation. A-one year rent on a 1, 000 sq ft workplace in Gig City would cost a lower amount than $15, 000 normally.
"among the first locations in the country to purchase fiber-optic websites, Chattanooga's ultra-fast internet is now a significant draw for companies, " SmartAsset's Nick Wallace blogged in a study today. "High speed net is fantastic, but for numerous startups it's far from main priority. A new business can cope with the sporadic net outage, it can't weather inflated prices. In Gig City, however, it isn't an either-or."
Nine for the 10 towns using most affordable startup costs are inside South, mostly because of reduced labor expenses and commercial office space rents.
The highest priced startup costs are in Silicon Valley and San Francisco while obtained created a few of this century's many well-known startups. The SmartAsset study discovered the expense of starting a business in San Jose or bay area tend to be 50 % higher than the average the other 81 urban centers included in the research.