Then you’re trying to build a business, location matters. El Dorado, California, is a rapidly growing suburban complex with a population of 50,547, according to the 2020 Census estimates. That rapid growth is one of many reasons El Dorado is a great place to start or relocate a business. Mike McRitchie shares how you can start.
El Dorado Is Close to Big Cities
Many high-quality workers are eager to move to El Dorado because it’s conveniently located in the Sacramento – Roseville – Arden Arcade metro area. This means it’s easy to travel to the bigger cities for shopping, day trips, or a night out.
Health Care Is Accessible
Health care costs in El Dorado are lower than the national average. This is important for those who are thinking long-term about starting a family or establishing a home. It’s also easy to find physicians and specialists in the area.
The Cost of Living Is Low
Business and residential rentals in El Dorado are plentiful because of the area’s relatively low cost of living. Affordability makes a huge difference for business owners because it means your overhead is lower, and if you’re paying a reasonable salary, your employees will be happier, too. It’s much easier to retain talent when they can afford a comfortable lifestyle.
Even early-career professionals have a chance of homeownership in El Dorado. In addition to the green grants, affordable housing funding, and VA loans that have gotten a lot of attention in recent years, there’s the CalHFA program that offers financial assistance to get on the housing ladder.
El Dorado Is Full of Fun and Culture
Families and young professionals want to live in an area where they can enjoy a good work/life balance. El Dorado offers lots for people to do when they’re not at work. Some of the most popular activities in the area include:
- Outdoor fun at Promontory Park
- Shopping at the El Dorado Hills Town Center
- Escape Games at The Game Room Adventure Cafe
- Tastings at the Dry Diggings Distillery
There Are Many Networking Opportunities
Business owners will find many opportunities to network with like-minded people in the local area. Networking can offer ideas and support. Whether you’re starting a business in El Dorado or relocating, that support can be invaluable. Some of the main networking opportunities include:
Local Educational Institutions Are Strong
For a business to thrive, it needs a talented and well-educated workforce. There are several high-quality colleges in or close to El Dorado, including:
- Folsom Lake College
- DeVry University
- Sierra College
- Roseville Gateway Campus
Get Your Business Off to a Good Start
The California state government provides lots of guidance to help entrepreneurs start a business in the area. This includes a free “starting a business” checklist that covers company formation, licensing, permits, and taxes. This list makes it easy to cover all of the important legal points of running a business in El Dorado.
El Dorado Is a Great Location for Business Owners
If you start a business in El Dorado or decide to relocate there, you’ll find yourself in a community of enthusiastic entrepreneurs. The quality of life, cost of living, and government support available make El Dorado a good choice for motivated business owners.
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