New York state offers business opportunities of all kinds beyond NYC
New York state is a welcoming place for small businesses and offers opportunities to try out a fast-paced market that few other locations in the U.S. can compete with. It’s currently home to 2.1 million small businesses that make up 99.8 percent of all businesses in the entire state. That means that small business drives just about every aspect of commerce in the region.
Many people think the only place to get into business and be successful is New York City, but nothing could be further from the truth. New York state offers business opportunities of all kinds beyond NYC. A U.S. small business can locate in the north of the state and be close to the Canadian border to take advantage of cross-border business opportunities. Someone who wants to get involved in agriculture will find plenty of farmland available for their purposes. If there’s a dream of opening an outdoor adventure business, the Catskill Mountains are perfect for this type of company.
New York’s tax policies are aimed toward getting small business to locate within the state. One program called Startup New York allows selected applicants the green light to skip paying taxes for as long as 10 years. The state does have a reputation for a complex tax structure for corporations, which can be problematic for a small business — but not for much longer. The state is focusing on simplifying the calculation methods used when figuring taxes for the various types of corporations and making it easier to file without getting into trouble.