Moving your business to Baltimore – what’s to know?
Moving your business to Baltimore is as risky. But the same goes for any other business relocation. All the rules that fall under the business relocations have a grasp over moving your business to Baltimore as well. With the additional bonuses and quirks of Baltimore. Besides, one of the best advice for moving, in general, is to start calling office movers Baltimore as early as possible. Calling to get a free quote ahead of time can considerably reduce the moving costs.
How does Baltimore come up on the destination map?
Most of the startups in America are trying to stick to well-known, established business and technology hubs. As much as this is not incorrect, there are additional perspectives to this. We think that Baltimore is a very underrated as a business hub. Secretly, Baltimore is a very lucrative and hot place to home your business. And there are several reasons for that.
So, is moving your business to Baltimore a good idea? Yes and no. However, as time passes by and as the global industry grows it becomes bigger and better. It may even become one of the great hubs such as San Francisco, Seattle, and New York. If you are considering Baltimore, you are on a very good and modern track.
Moving your business to Baltimore – the upsides
Lately, investors have started treating Baltimore with the seriousness it deserves. Speaking in numbers, over 140 million dollars has been invested within since the year 2015. Ever since that, it has been on the rise. Numerous business has started setting their eye towards Baltimore. Expectedly, it’s mostly in the tech startups. The entrepreneurial scene has become ever so appealing. Which also means that there are a lot of reliable moving companies in Maryland that help them get there.
This data has led to the fact that Baltimore has been ranked 9th overall within all the tech hubs in the United States. This was mostly thanks to the above-mentioned statistics and the founding of Emerging Technology Centers. Furthermore, this has led to the growth of this business incubator that aided over 350 companies. As a result, Baltimore is attracting as much as 1.6 billion dollars in investments. After this electrifying kickstart of Baltimore, it has become an obvious choice for many. So, when considering moving your business to Baltimore, you are definitely on the right track.
All of this growth has ultimately translated into a large increase in services and spaces available for new business to come into. Furthermore, there are now several collaborative workspace options. They are highly beneficial to plenty of startups due to the reduced starting and maintenance costs. This new trend has seen a lot of light in Baltimore, but globally as well.
What are these collaborative workspaces? They are locations that provide you with everything you could possibly need without you having to purchase anything. Basically, you just need to have an idea, the skills, and the know-how. Then all you need to do is to show up in the collaborative workspace, strike a deal and for almost no investment at all start developing your business.
This is the cheapest absolute way to start your business. Baltimore is home to Spark, and spark does exactly this. It facilitates startups providing them with everything they need to start their work at far lower prices. This is one of the amazing options that you will have if you are moving your business to Baltimore.
Do not mistake a collaborative workspace as something that is beneficial only to startups. Many existing companies prefer this type of work for several reasons. The most important factor that keeps companies afloat is reducing costs. And what is the best way to achieve this? It is having as little as production cost as possible while still operating at a full profit. This is why this may be more appealing to startups. But, it is no less appealing to established companies who wish not to resort to cutting down employee number. Rather than that, they would cut down on operational costs and save a ton of money.
Secondly, there is another benefit of collaborative workspaces that many fail to consider. To be a part of such an environment means that you are working shoulder to shoulder with many other entrepreneurs. And all of them are operating in various industries. There is no record of just how many business and cooperations were struck by mere contact and networking that happens in those type of walls.
One good example of this is the TEDCO program. It’s funded by the state in order to provide mentoring to local entrepreneurs. Its goals are to connecting experienced entrepreneurs to help the industry grow. This type of program is beneficial to all. And it is all discoverable in Baltimore.
The priceless talent pool
One effect that happened due to all these growths in Baltimore is its talent pool. The development of the business scene dictates that development of the talent pool. Either local talent or one that relocated to Baltimore to seek their destiny is highly welcomed by companies moving to Baltimore. In some cases, this is the main motivation for doing such a relocation.
Furthermore, Baltimore has some of the most powerful universities in the US. And they all have a very potent communication network. Some examples are the Johns Hopkins University, Towson University, and numerous D.C. school graduates. This is not intelligence based, but competency, skill, and knowledge-based. This is where you can recruit your geniuses to carry your idea to execution and reality.
So, overall, is moving your business to Baltimore smart? Is it doable? Can you do the office moving, or do you need the help of professionals long distance movers Maryland?
We will let you decide.
Best of luck!