Sarasota Florida made list for top 20 metro areas to start a business in America

the-city-of-north-port-in-located-in-sarasota-county-floridaSarasota’s economy is driven by education, arts, tourism and financial services. The cultural arts industry alone employs close to 5,000 people, but tourism has the biggest economic impact, totaling $2.6 billion last year. The city’s population swells to more than 100,000 during the winter months, but year-round it’s closer to about half that amount.

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Compared to the rest of the country, Sarasota’s cost of living is 3.80 percent lower than the U.S. average. The median home cost is $151,400, but as more baby boomers retire, home appreciation continues to rise.entering-sarasota-county-630x286

 

The city and surrounding areas have also become a hub for e-commerce businesses. Google named Sarasota the city with the top online business presence in Florida, based in part on the ability of customers to make a purchase from a web page as well as mobile-friendly websites. The tax climate is also a draw. In a recent survey, Sarasota was voted the seventh tax-friendliest city in the United States for small businesses. That helps explain why the unemployment rate is 4.3 percent, well below the national average.

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Overall ranking: 797 out of 1,500 points
Environment for success: 302 out of 500 points
Cost of doing business: 256 out of 400 points
Quality of life: 111 out of 300 points
Labor force: 89 out of 200 points
Diversity: 40 out of 100 points

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