4 Benefits of Doing Business in Beachwood
We talked about why we love Independence, and now it’s time to talk about the benefits of business in Beachwood.
“Beachwood is home to nearly 3,000 companies and more than 25,000 employees. The community’s diverse business core includes Fortune 500 companies, international companies and entrepreneurs.” –Beachwoodohio.com
The King Group knows how great Beachwood is from experience – as our office is here. From it’s close proximity to major highways, to its’ extensive support systems for small businesses, Beachwood strives to support it’s local economy and values the businesses housed there.
1. Location, Location, Location
Beachwood’s Eastside location has a close proximity to major highways.
Beachwood has unbeatable highway access. From the Ohio Turnpike to Richmond Road (SR 175) Beachwood also encompasses: Chagrin Boulevard (SR 422), Interstate Routes 90, 480, and 271.
If you’re not driving around this eastern suburb, Beachwood provides access to the Blue and Green (railed) Line of the RTA System that runs from the suburbs into downtown. Also, there are the RTA bus systems that covers locations such as the airport, University Circle, the public libraries, and more!
2. Business Assistance Programs
Goldman Sachs 10,000 Small Businesses Program
According to The City of Beachwood Ohio there are many incentives to house your business in Beachwood. From a Job Creation Incentive Grant Program to Goldman Sachs 10,000 Small Businesses, there are strong arguments to open doors in Beachwood.
“The Goldman Sachs 10,000 Small Businesses Program is free of charge, 11-week business management program designed to help small business owners develop practical skills needed for growth.”
This program has some parameters: you must have been open for 2+ years, minimum of 4 employees, etc. To find out more visit www.tri-c.edu/10ksb
Job Incentive Grant Program
The Job Incentive Grant Program provides incentives to businesses opening or expanding to The City of Beachwood.
“The Job Creation Program provides a grant to companies that is based upon a percentage of the annual payroll withholding taxes generated by the full time jobs that are new to the City of Beachwood.”
The grant application is simple and easy to fill out. There’s no reason not to apply for this grant! Unless you don’t operate out of Beachwood, but we can fix that. Check out the grant here.
Assistance for Small Businesses, too!
Beachwood’s Small Business Assistance Program are tailored to our small business friends. One resource The City of Beachwood has pointed out is GrowNOW. GrowNOW enables small business owners up to a 3% interest rate reduction on new or existing small business loans. Learn more about resources for small businesses here.
3. Beachwood Keeps Busy
From The City of Beachwood we know that:
- Beachwood is home to more than 2,500 companies with a collaborative 25,000+ employees.
- Since 2009, Beachwood businesses have invested more than $700 million in improvements and new construction.
- Every day, Beachwood attracts an estimated 100,000 people to work, shop and visit.
- Beachwood was named the 4th Best Place to Start a Business in Ohio, according to NerdWallet.
Beachwood fosters a business conducive environment.
4. Fabulous Food and Shopping
Your clients and employees will love the amenities available to people who do business in Beachwood. The award-winning Giovanni’s Ristorante is located in one of The King Group’s properties – Chagrin Richmond Plaza. Other great restaurants include Shuhei, Hyde Park and Corky and Lenny’s. Beachwood Place Mall, the only Northeast Ohio shopping center with luxury department stores like Saks Fifth Avenue and Nordstrom, is located in town. Other shopping centers like Eton and the Moreland Hills Towne Center are located just miles aways in Woodmere and Moreland Hills.
Whether you’re entertaining clients or need a break from the daily grind, Beachwood has everything a business owner would need. From entertainment to incentives, consider Beachwood for business.
The King Group’s Available Properties in Beachwood
Contact our VP of Leasing and Tenant Relations, Julie White, for more information on any of these properties.