{"id":380,"date":"2022-04-05T10:23:02","date_gmt":"2022-04-05T15:23:02","guid":{"rendered":"https:\/\/www.move-tastic.com\/blog\/?p=380"},"modified":"2024-10-24T12:10:47","modified_gmt":"2024-10-24T17:10:47","slug":"reasons-to-move-your-business-to-chicago","status":"publish","type":"post","link":"https:\/\/www.move-tastic.com\/blog\/reasons-to-move-your-business-to-chicago\/","title":{"rendered":"6 Reasons to Move Your Business to Chicago"},"content":{"rendered":"\n

by Luke Murray, Council of Neighbors<\/a><\/strong><\/p>\n\n\n\n

There’s been a lot of talk about Chicago becoming the next major player when it comes to hosting small businesses. The city has a diverse population and a history with larger companies, and it’s made strides to help businesses succeed. However, should you move your business to Chicago? In addition to doing some research into what the area has to offer, you\u2019ll need to work with local real estate professionals and a trusted moving company like Move-tastic!<\/a> to ensure that this transition goes as smoothly and as easily as possible.<\/p>\n\n\n\n

If you\u2019re looking for reasons why a move to Chicago should be in your future, check out the latest post from the Move-tastic! blog<\/a>.<\/p>\n\n\n\n

Greater Diversity Means Less Competition<\/h2>\n\n\n\n

Chicago has become a hub for new businesses. It’s home to business start-ups in an array of industries, including tech, retail, construction, food, and more. With so many different types of businesses, you can expect less competition in your niche when you move your business to Chicago<\/a>.<\/p>\n\n\n\n

How Chicago\u2019s Cost of Living Affects Your Business<\/h2>\n\n\n\n

Chicago has a higher standard of living, with apartment rentals costing $2,091 on average<\/a>. In 2019, Chicago had a 4.81% vacancy rate<\/a> for rentals. Median home values in the city are just above $324,900<\/a>. Housing costs in the city are slightly below the U.S. average.<\/p>\n\n\n\n

Additionally, VA and FHA home loans<\/a> can help ease the financial burden of buying a home in Chicago. Additionally, the Illinois Housing Development Authority<\/a> provides mortgage and down payment assistance for Illinois residents.<\/p>\n\n\n\n

While the cost of living in Chicago means labor may be more expensive in some industries, it also means your customers are likely to have higher incomes, which can be great for business if you cater to the right audience.<\/p>\n\n\n\n

Community Support for Small Businesses<\/h2>\n\n\n\n

Chicago new business owners get some of the best infrastructure in the U.S., grant money, and a diversified workforce to help support each type of business. The city also offers several programs centered around creating small businesses, such as:<\/p>\n\n\n\n