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Why Lehi, Utah, is a Great Place For Business
Starting a new business or relocating your company is a difficult process. And, one of the biggest decisions is choosing what city to open your business in. Here’s why Lehi is a great place to start your business, presented by Davis Designs.
Cost of Living
The cost of living is extremely important as it impacts your business runway. By finding a low-rent option, you can invest more money into getting your company off the ground and ensure you get off to the best start possible.
Lehi offers lower rental prices than many areas in Utah. The average cost of an apartment in Lehi is $1,291, compared to average prices in Salt Lake City of almost $1,400.
The presence of a supportive business community, including other local business owners, is key to success as those are the people who inspire your entrepreneurship and motivate you during times of hardship.
Lehi has a very strong sense of community and there are numerous local organizations that assist new entrepreneurs, including:
Quality of Life
In areas where staff members, customers, and clients have a high quality of life, your business is more likely to succeed. Happy employees are more motivated and content customers are more likely to spend money on your product or service.
In Lehi, there are various cultural events, parks, and educational settings that contribute to the population’s high quality of life.
Some of the best places to visit in Lehi include:
- Thanksgiving Point
- Ashton Gardens
- Arts in the Park
In cities with good education systems, you’re more likely to find a workforce with expert skills. Therefore, it’s a good idea to consider the educational establishments local to your company.
Lehi is local to many well-renowned colleges, including:
- Mountainland Applied Technology College
- Utah Valley University
- University of Utah
Lehi is currently in a tech boom. This is because the area has seen exponential entrepreneurial growth in recent years with many businesses locating their campuses in the area. In particular, Lehi has become a hub for IT companies, including Adobe.
Business Quick-Start Checklist
When starting a business, decide if you want to form a corporation or LLC. Generally, the benefits of a corporation outweigh those of an LLC. Benefits include:
- Easier transfer of shares
- Investors tend to favor corporations
- Predictable structure
When opening a corporation in Lehi, Utah, make sure you’re aware of the state’s licensing requirements and company regulations before proceeding.
Resources that can help you better understand the rules in Utah, include:
- Lehi Utah Chamber of Commerce
- Point of the Mountain Chamber
Don’t forget to work with a professional company (like us) to create an eye catching logo as well!
Starting Your Business
Starting a business can be a life-changing endeavor, and the location you choose to start it in can have an impact. Lehi, Utah, is a flourishing city full of business opportunities. To get the ball rolling on your new business branding, contact the team at Davis Designs today.