Organization says it's a top place to hang a shingle
Fredericksburg makes lots of lists: No. 2 Small Town in the South, according to Southern Living Magazine; One of the 10 Best Wine Travel Destinations in the World, according to Wine Enthusiast Magazine; and so on.
Now, an organization called LendEDU, has Fredericksburg as one of the top small towns to start a small business. With a constant inflow of visitors spending their money on area attractions, we are not surprised.
Towns on this list were ranked by the following six criteria:
1) Transportation cost;
2) Utilities cost;
3) Average household expenditure;
4) Average household income;
5) Percent increase in population growth for the next five years;
6) Percent of the population in the labor force.
There are lots of considerations when starting a business. Finding an office location can be difficult. But local realtors can make connections happen.
Rising rents also pose a challenge to new businesses, but some seasoned veterans say the additional traffic in the popular areas, along with a savvy marketing plan, will lead to success if you sell a product that’s in demand.
Fredericksburg also prides itself on friendliness and professionalism, not always a common trait in small towns. It is the responsibility of business owners to maintain these traits and continue to improve where we can.
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