• Twitter
  • LinkedIn
  • Facebook
  • Instagram
  • Youtube
Login  | Call now: (800) 780-7133
Kapitus
  • Problems We Solve
  • Products We Offer
  • Partner With Us
  • Blog
  • APPLY NOW
  • Search
  • Menu Menu
Skyline of the city

The Six Best Cities to Relocate Your Small Business HQs Post-Pandemic

July 7, 2021/in Operations /by Vince Calio

If the COVID-19 pandemic did anything, it served as a crystal ball for small businesses. If you looked carefully into it, you could surely see the words “remote work” forming in it. 

Now that the pandemic is coming to an end, if you’re one of the millions of small businesses that has decided to permanently move to a remote working environment, now may be a great time to move your business into a smaller, cheaper space to a city where business taxes and commercial rents are low and the quality of living is high. Moving could save you considerable expense, especially if you are incorporated in an expensive urban area such as New York City, Boston, San Francisco, Chicago or Los Angeles. 

How We Chose

Kapitus came up with a list of six cities that could be ideal sites for your company headquarters based on several filters:

  • The city must be located in a state in which the corporate tax rate is no higher than 5%;
  • The city must be listed by the National Association of Realtors (NAR) as one of the top real estate markets in 2021. The NAR chose these markets based on several factors including commercial leasing rates, GDP growth, unemployment rate, median household income, consumer spending and personal rental vacancy rate, among other variables.
  • The city must rank among the top 50 cities in North America in Numbeo’s Quality of Life Index. The QoL Index incorporates factors such as cost of living, average property price-to-income ratio, crime and safety and pollution.
  • The final factor is demographics. While this filter is a bit more subjective, Kapitus considered population size, small business competition, and the education level of the population in each city.

Here are the six cities Kapitus recommends if you are thinking about relocating your small businesses – and four of them are located in states that have the best corporate tax rate of all – 0%!

Austin, TX (Pictured Above)

Nestled in the shadow of the University of Texas and other local colleges, it is a great town for budding entrepreneurs and tech companies. While Texas’ sales tax is on the high side, it is one of a half-dozen states that does not charge a corporate tax. Its population of 950,807 is highly educated, so it is a hotspot if you wish to hire interns or new employees for your company. It is considered a college hipster town with a great culture, restaurants and nightlife, and it ranks fourth in the QoL index. The NAR also states that it is one of the best places for small businesses in terms of commercial and residential rents. Corporate giants such as Amazon, Google and Facebook have set up operations in the city, thus paving the way for ambitious startups and small businesses.

Raleigh, NC

The “City of Oaks” was named as one of the best cities in the country to live in by Forbes and is ranked number one in the QoL index for its Southern charm, 180 miles of greenways, rich history and comparatively low cost of living. While its population of 474,069 people makes it relatively small, it is in the heart of Research Triangle Park – one of the hottest areas in the country for big tech. Duke University, the University of North Carolina and NC State University are all within the area, making it a breeding ground for tech entrepreneurs and bright young college grads seeking experience. Plus, North Carolina boasts a corporate tax rate of just 2.5%, which is one of the lowest in the country, and the NAR named it one of top 10 cities for commercial real estate investment. If you are imagining opening a small office in a city and calling it your headquarters, Raleigh may be the perfect place. 

Salt Lake City, UT

Some may connote Salt Lake City with Mormons, but did you know that it’s also called “the silicon

slopes” for its many tech startups, as well as the fact that tech bigwigs such as Adobe and Oracle have large presences in the city? Its population may be just shy of 200,000 people, but 45% of its workforce possesses a bachelor’s degree or higher, making it a great city for hiring well educated and highly qualified professionals. Utah is one of the few states that does not charge a corporate tax, and it ranks 41 on the QoL index for its relatively low residential property rates, tranquility and scenic beauty. It is also on the NAR’s top 10 best cities for commercial real estate investing in 2021 due, in part, to low commercial rents. 

Seattle, WA

Seattle may be a surprise entry because it’s already well-known for “Frasier,” great coffee and its tech

from Kerry Park

background as it looms in the shadow of Microsoft. Consider, however, that it’s population of 724,305 is well-educated, as roughly 64% of working-class adults have a bachelor’s degree or higher, and Washington is one of the states that does not charge a corporate tax. The city and surrounding suburbs also ranks 11 on the QoL index, and the NAR predicts it to be among the top 10 best commercial real estate markets for overall investment and development in 2021. 

Cincinnati, OH

Once known as “The Queen of the West,” Cincinnati is on this

list for several reasons – the first being that Ohio is also one of the states that does not charge a corporate tax, and another being that it actually ranks 22 on the QoL index. Its population of 307,266 is well-educated, making hiring quality candidates in the area less difficult than most cities. The city’s roughly 850,000 small businesses were hit hard by the COVID-19 pandemic, and as a result, commercial leasing and vacancy rates are the lowest they’ve been in the city in decades, so now may be a good time to make a switch to the city.

 

Denver, CO

Denver may be known for its long, cold winters, but it is also known as a goldmine for small businesses,

especially ones that specialize in the hi-tech and blockchain technologies. Financial giants such as Invesco have their headquarters in the city, as do 26,000 small businesses for a city with a population of 705,576. Post-pandemic, the office vacancy rate shot up to 13.1% from 12.5% in the fourth quarter of 2020 and 13.1% in the second quarter of 2020, making commercial real estate leasing cheap right now. The city ranks 38 on the QoL, and is known for its diverse, well-educated population and beautiful suburbs, making it an ideal spot for small businesses. Colorado’s state corporate tax rate is 4.63%, making it one of the cheaper states for businesses to set up shop in. 

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share on Tumblr
  • Share on Vk
  • Share on Reddit
  • Share by Mail
https://kapitus.com/wp-content/uploads/Austin.jpg 1218 2100 Vince Calio https://kapitus.com/wp-content/uploads/Kapitus_Logo_white-2-300x81-1-e1615929624763.png Vince Calio2021-07-07 14:23:182022-04-06 15:55:19The Six Best Cities to Relocate Your Small Business HQs Post-Pandemic

LATEST FROM KAPITUS

  • To Rent, To Lease or To Buy:  Obtaining Expensive Equipment for Your Business
  • What Type of Financing is Best for Your Small Business?
  • Essential File Management Tips and Trends
  • Should You Take Out a Business Loan? Consider this Checklist
  • How to Strengthen Your Small Business’ Company Culture

Subscribe To Our Blog For More Tips On How To Grow Your Business

Categories

  • Accounting & Taxes
  • Business Expansion
  • Business Loans
  • Business Productivity
  • Business Productivity
  • Cash Flow Management
  • Claim Your Corner of the Internet
  • Company News
  • Featured Stories
  • Financing
  • Human Resources
  • Industry Center
  • Leadership
  • Legal
  • Living Your Best SBO Life
  • Making Her Mark – Influential Women Business Owners
  • Monthly Must Reads
  • News
  • Operations
  • Raising Capital
  • Recruitment
  • Risk Management
  • Sales and Marketing
  • Tax Center
  • Tax Legislation
  • Technology
  • Technology Center
  • Uncategorized

About Us

  • Media Center
  • Team
  • Careers
  • Events
  • Success Stories
  • The Kapitus Difference
  • Developer Documentation
  • Blog

Products

  • Revenue Based Financing
  • Helix® Healthcare Financing
  • Business Loans
  • SBA Loans
  • Line of Credit
  • Invoice Factoring
  • Equipment Financing
  • Purchase Order Financing
  • Concierge Services

Contact Us

  • (800) 780-7133
  • Email Us

Signup For Our Newsletter

[email protected] Kapitus, LLC or its affiliates. All rights reserved. Kapitus, LLC, Kapitus.com, and the Kapitus logo are registered trademarks of Kapitus, Inc. or its affiliates. | Loans made in California are issued by Strategic Funding Source, Inc. dba Kapitus, pursuant to California Finance Lenders License No. 603-G807.
Sitemap | Terms & Conditions | Privacy Policy
  • Twitter
  • LinkedIn
  • Facebook
  • Instagram
  • Youtube
How SBA Loan Forgiveness Works George Washington on a dollar bill, mouth covered with default? sign corporate loans to suit your business situation What Are The Best Types Of Corporate Loans
Scroll to top
  • Whether you want to learn more about our financing options, are interested in becoming a partner or just have a general question, we’re here to help! Simply fill out the form below and we’ll get it directly into the inbox of the right person.

Step 1 of 4 - Tell us about you

25%
  • Sign up for the Kapitus Partner Program!

  • Sign up for the Kapitus Partner Program!

  • Sign up for the Kapitus Partner Program!

  • Sign up for the Kapitus Partner Program!

Step 1 of 10 - TELL US ABOUT YOUR PRIMARY FINANCING NEED

10%
  • Find the right financing product for you.

    Answer a few questions and we’ll match you with the best product based on your needs and current situations.

  • 1. Answer a few questions. You let us know some basic information about your financing needs, so we can find a match.
    2. See your financing matches. You'll get matched with up to four financing options based on your answers.
    3. Apply for financing. You can apply for all of your financing options by completing one simple application and providing a few documents.
    4. Get an Advisor: You have the option to be assigned a financing specialist to help guide you through the application process.
    If you are looking to determine the best financing option for you, our matching tool streamlines the process and arms you with information that you can use before you apply. To match you with your best options, we ask you to answer a series of basic questions about your existing and future needs, current financial health, and your financing preferences – including amount to be financed, ideal terms and financing urgency. Our system then finds you up to four financing options to fit your needs. Once you’re matched, you can expect to be contacted by one of our financing specialists to help you navigate the application and selection processes.
  • Find your financing match


  • Each financing product has its own minimum and maximum requirements around the amount of money that can be acquired through that option.
  • Find your financing match



    • Business Accountants
    • Marketing & PR Agencies
    • Commercial Cleaning Companies
    • Printers
    • Human Resource & Payroll Firms
    • Office Supplies Organizations
    • Salons/Spas
    • Gyms & Other Workout Studios
    • Pet Services Companies
    • Personal Accountants
    • Home Cleaning Companies
    • Residential Landscaping
  • There are financing options created to meet the specific needs of particular industries.
  • Find your financing match

  • Thank you for reaching out to Kapitus. Unfortunately, our financing products are only available for existing businesses and we will not be able to help you at this time.


  • The amount of time your business has been in operation is a deciding factor in the type of financing options available to you.
  • Find your financing match


  • Each financing product has its own minimum requirement for the amount of revenue being brought into a business on either a monthly or an annual basis. In addition, your monthly and/or annual revenue can dictate the length and term on your financing option.
  • Find your financing match


  • Each financing product offers different payback lengths and terms.
  • Find your financing match


  • Each financing product has different paperwork and underwriting processes. As a result, the amount of time it takes to get approved for one type of financing over another can vary significantly.
  • Find your financing match

  • Find your financing match


  • There are financing options for every credit type, however your personal credit score will determine your eligibility for each financing type.
  • We’re finding your match