If you’re an entrepreneur or small business owner looking for the perfect place to start or grow a business, Sarasota, Florida should be at the top of your list. With a thriving local economy, a strong support network for business development, and an unbeatable quality of life, Sarasota offers a rare blend of opportunity and lifestyle that makes it a standout in the Sunshine State.
Economic Growth That Supports Startups
Sarasota County continues to demonstrate strong economic momentum. According to the Florida Department of Economic Opportunity, Sarasota County saw a GDP growth rate of 6.4% in 2023, outperforming many neighboring regions. The area also boasts a low unemployment rate, hovering around 3.1%, and is experiencing an influx of residents relocating from across the country, especially entrepreneurs seeking favorable business conditions.
Real estate development, healthcare, professional services, and technology are flourishing industries here, contributing to a robust economic base. With Florida’s no state income tax and pro-business policies, Sarasota becomes even more attractive for those starting new ventures or relocating their existing businesses.
Strong Local Support Systems
One of the key advantages of launching a business in Sarasota is the network of resources available to entrepreneurs. Organizations like the Sarasota County Economic Development Corporation (EDC) and Greater Sarasota Chamber of Commerce provide business incentives, startup grants, mentorship programs, and networking opportunities.
Online platforms like SRQ Business Alliance add another layer of community and connection, offering a digital space where local entrepreneurs can share ideas, get advice, and collaborate. The city also has access to business incubators, such as Bridge Angel Investors and BOLD Cowork, which support innovation and early-stage growth.
In addition, educational institutions like New College of Florida and Ringling College of Art and Design contribute to a talented and creative workforce that’s ready to support diverse industries, from marketing and design to engineering and tech.
Unparalleled Quality of Life
Launching a business is hard work, but doing it in a city that offers a high quality of life makes the journey a lot more enjoyable. Sarasota has award-winning beaches, including Siesta Key Beach, a vibrant arts and culture scene, top-rated restaurants, and year-round outdoor activities.
Sarasota’s cost of living is more affordable than that of other Florida metro areas like Miami or Naples, while still offering upscale amenities and a strong sense of community. Families are drawn to the area for its excellent public and private schools, and professionals enjoy a relaxed yet productive lifestyle.
Final Thoughts
Whether you’re a solo entrepreneur, a growing small business, or a startup team ready to make your mark, Sarasota offers the right ingredients for success: a booming economy, a supportive business ecosystem, and a lifestyle that rivals any coastal city in the country. At SRQ Business Alliance, we believe in building up Sarasota’s local business community by sharing resources, creating meaningful connections, and championing the incredible opportunities that exist right here in our backyard. Contact us today to learn more!