Lubbock ranked in the Top 25 Best Large Cities to Start a Business in a recent study conducted by WalletHub. The study evaluated 100 large cities across the U.S. based on the length of the average work week, business survival among new companies, human capital availability, access to higher education in the area, office affordability and labor costs.
With a yearly average of 10 hours in traffic and an average commute time of 16 minutes, the workforce in Lubbock has high productivity rates and a greater work-life balance. Lubbock’s creative infrastructure design provides for minimal congestion. Spending less time in the car traveling to and from work means having more time to spend with family and friends. When planning on starting a business in Lubbock, the commute will not be a roadblock.
Lubbock, also known as the “Hub City,” is the economic, education and healthcare hub of the South Plains. Its location on the map puts Lubbock at an advantage as being a number-one supporter of businesses within the surrounding area. Lubbock also has a number of resources to offer within the city, including the Rail Port. Located near the BNSF railway, Lubbock Preston Smith Intl. Airport and Interstate 27 makes the Rail Port a great option for businesses to take advantage of when moving to the Hub City.
With multiple avenues of higher education in the city, graduates are more accessible to new companies. Lubbock is home to quality institutions including Texas Tech University, a Tier One research institution, Lubbock Christian University, South Plains College and Lubbock Coding Academy. Whether having a bachelor’s degree allows an individual to start their own company, or join one, the access to education in Lubbock is one of the many reasons why Lubbock is the place to begin your future in business. Other resources in the area include human-capital availability and working-age population growth, which are two areas where the city is excelling. After all, Lubbock did rank 6th in this specific area.
“Creating an environment conducive for business expansion is a primary focus for our team at the Lubbock Economic Development Alliance (LEDA),” said John Osborne, CEO and President of LEDA. “With resources readily available and a phenomenal work-life balance, Lubbock is the perfect place to start or expand a business.”
Part of what makes Lubbock a business-friendly climate is the affordable cost of living. The overall cost of living is 91.5 percent. This allows for workers to save more of their income. Housing costs are also affordable.
From state-of-the-art infrastructure and short commute times, to world-class hospitality and an affordable cost of living, Lubbock is a prime location for entrepreneurs looking to start a business. For more information on Lubbock’s workforce, visit https://lubbockeda.org/workforce/ to learn more about why you should start your business here.