What makes Los Angeles a top-choice for owning and running a small business? A few months ago, Forbes asked that very question to a select group of Forbes LA Business Council members to hear their takes on what makes LA great. This city has a lot to offer business owners, including easy access to the global market and tons of specialized talent, not to mention excellent weather. Here’s some additional perspectives to help further explain what makes the LA area so greater small businesses.
1. There’s A Strong Tech Community & Opportunities For Connection
LA has a great technology community scene. There are meetups, events and conferences for people to connect across industries. In the tech business being able to meet startups and entrepreneurs is so important as a way to keep up with the marketplace, to find new talent and to find business partners. – Robert Brill, Brill Media Company
2. It has Unparalleled Startup Talent
This is geared more specifically for startups, but the Los Angeles ecosystem is booming. We have had an incredible influx of early-stage capital and we produce the most engineering talent in the country. – Lucas Pols, Spark xyz
3. It Offers Excellent Global Business Opportunities
Nearly half of all port traffic happens in our ports, and LA is a melting pot with 224 languages spoken in the county — imagine what that does for customer discovery. Plus, LA has one of the busiest international airports servicing all corners of EMEA (Europe, the Middle East and Asia), and a seaport that handles nearly half of all U.S. port traffic. – Shaun Arora, MiLA Capital
4. It has the ‘Second-Mover Advantage’ Over Silicon Valley
LA has the second-mover advantage when it comes to the startup scene. It has everything the Bay area doesn’t have and it’s able to learn from the mistakes startups have made in Silicon Valley. The office and living rent is significantly cheaper, there is more space to grow, more land to build on and it has one the highest numbers of students graduating with a STEM degree. – Anna Nguyenova, TubeScience
5. It’s a Great Place to Live and Work
There are few cities that can claim to be anything like Los Angeles. Between world-class talent, proximity to the beach and stunning weather year-round, Los Angeles has it all. It’s a pleasure to work in Los Angeles. – Logan Abbott, Wirefly
6. It’s the City Built on Dreams
Over a hundred years ago the first film studios began operating in Los Angeles. Since then this city has created, curated and cultivated more dreams than any other city in the world. The most wonderful part about doing business in Los Angeles is that no idea is considered preposterous nor is anything beyond reach. The only limit in Los Angeles is your imagination. – Charles Lew, The Lew Firm, Stout Burgers and Beers, Boomtown Brewery, Third Wave Market
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