3 hotspots for Ohio entrepreneurs looking to open a small business

We recently profiled on this blog five of the best areas in Ohio where entrepreneurs could kick off a small business of their own. Courtesy of the personal finance website NerdWallet, here are three more places that local would-be business owners should look to to bring their entrepreneurial ambitions to life:

• Kenwood: This Hamilton County town ranks high on businesses with paid employees (49.95 percent) and low on unemployment (4.6 percent), with a median annual income of $63,063 — the highest such salary of all four Hamilton County entries in NerdWallet’s top 10.
• Ontario: “This community of 6,172 residents […] has seen strong growth in recent years, attracting employers by way of incentives including the Ontario Job Creation Tax Credit,” writes Jonathan Todd for NerdWallet. “The project has worked well — for example, Cole Tooling & Stamping moved to Ontario from nearby Mansfield, and the company reportedly expects to see a 25 percent increase in jobs ‘over the next few years, each year.'”
• Sharonville: To the northwest of Blue Ash, another Ohio town on this top 10 list, Sharonville boasts the state’s second-highest rate of businesses with paid employees: 54.73 percent. In other words, more than half of the small businesses in Sharonville are established companies with paid workforces, rather than just having a single person (or proprietor) behind the business’ name. Additionally, Sharonville is a huge draw for talent throughout the entire area. The city prides itself on having a daytime population of 39,000, nearly triple of its actual population of 13,500 — meaning that thousands in the area flock to Sharonville just for work.

If you’re a local small business owner aiming to expand your company and provide new jobs for Ohio workers, reach out to Growth Capital Corp. today! We can help you find the best Ohio small business loans suited to your needs and budget.