Reasons to Start a Small Business in Bay Area This Year

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So you’ve decided to start a business, but you’re not sure when is the perfect time? As one of the leading moving companies in San Francisco Bay Area would like to help you. We’ll provide some reasons to start a small business in Bay Area this year. You’ll probably be thinking on the recession is about to start, fuel prices are rising, everything is more expensive, and you’re right. We want to say to you should turn this problem into a chance and chance into profit. As we all know a lot of businesses have started, actually most of them have started in hard times. As Michael Hops said, “Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times“. This is a universal quote and it can be used for business or anything. So let’s dive in!

Start a small business in Bay Area this year because it’s sleepless

We as commercial movers San Francisco see this city every time of the day and night. We can tell you that like every other major city it never sleeps. It’s not maybe like New York or Los Angeles, the city of San Francisco doesn’t return to normal, it flourishes at midnight. It never stops shining and it’s alive every day of the week throughout the whole year. Because people from San Francisco prefer to sit during the long hot night and watch the fog roll over the Bay Area. After a hard day of work, people are seeking some adventure and relaxation. They couldn’t do this in the last two years, because of COVID-19. So people will once again dance, sing, watch movies and dine.

Golden Gate Bridge, during a sunny day;
Imagine just taking a look at the bridge, breathing this fresh air, swimming in the ocean. No wonder why the world’s most powerful companies decided to come here.

So according to The Office of Economic and Workforce Development (OEWD), San Francisco has been ranked number one. As it goes the Bay Area has throughout its history been the headquarter of many small businesses that are now big. Some of the businesses include :

  • Airbnb
  • Waymo
  • Impossible Foods
  • Uber
  • Mountain Mike’s Pizza
  • Twitter
  • PowerBar
  • GoPro
  • Intel
  • Apple Inc.
  • Lucasfilm Animation
  • Netflix
  • Pixar
  • Ubisoft
  • Pay Pal
  • Visa
  • Twitch
  • YouTube
  • Yelp

This is just to name a few, since the list can go on forever, just google it. We as one of the more reliable moving companies San Mateo county and in San Francisco can help you. We can move and pack everything that you need. All of our prices are on our website so you can take a look yourself. We’re also offering residential, long-distance, and local moves.

A businessman giving a conract and a pen to a woman, while thingking how to start a small business in Bay Area this year;
There are numerous credits, loans, and exclusions that you as a small business owner can use. So it mostly depends on the type of business that you’re running as well.

Attractive benefits for small businesses

If you have an idea or you want to do something with clean energy, in the Bay Area you’ll get a ten-year payroll tax exclusion. So this is a fair incentive for small businesses, especially when it comes to green energy. Next, we as movers Menlo Park can tell you that a lot of companies go to Bay Area; if the company has less than one hundred employees it can apply for payroll tax exclusions. As we can see there are many incentives for small business companies in Bay Area. On the other hand, new employment credit (NEC) is very popular; this is for qualified full-time employees. There is also The Central Market Street and Tenderloin Area Payroll Expense Tax Exclusion; this was renewed in 2019, this will exclude a part of payroll expenses for up to six years. Check for these two incentives.

Moving on, we as one of the most reliable moving companies Belmont CA can tell you that people are moving both ways. It’s not like in the past from city to village, it is usually the other way around. So Bay Area companies, both new and established, are entitled to a state income tax credit. You should also know that businesses and enterprises involved in specific kinds of R&D are excluded from sales and use taxes by the state. Therefore newer tax breaks and benefits frequently replace others that have ceased or expired. 

Infrastructure and resources

Unlike other cities across the US, San Francisco has one of the best infrastructures.  We as famous movers South San Francisco tell you that since we use it almost every day. In San Franciso, there is a Municipal Railway of the City (MUNI) which works 24/7. If you’re commuting across the city of Sana Franciso you can use BART – the extensive commuter train. Furthermore, if you’re commuting to Silicon Valley from San Francisco there is a train daily. Therefore the new massive Transbay Transit Center is used to connect all the trains, streetcars, etc. There are further planned upgrades to public transportation. Furthermore, if we compare this to other cities across the US, San Francisco is perfect. If we take a closer look at the 1960s transportation has changed across the globe. Public transportation isn’t as popular as it used to be.

A view of a city street in San Francisco;
Public transportation is very important. Thus having a great infrastructure like the one in San Francisco and you won’t have to worry about anything.

Now if you need aid for your small business you can contact nonprofits such as Renaissance Entrepreneurship Center. So it helped a lot of people achieve personal, financial, and social transformation through the power of small businesses. We as moving services San Francisco can tell you that CAMEO is popular for startups.  They help by proving training, business and credit assistance, and loans. If you need any more or have a specific job check out the  San Francisco Chamber of Commerce or San Francisco Business Portal. Anyway, technology is your strongest alley.

Thank you for reading this article. We hope that you found this article useful and that we had enough reasons to start a small business in Bay Area this year. We hope that you’ll have a stress-free move.