Interesting article at entrepreneaur.com about Las Vegas.
The Opportunity: Las Vegas
There may be no place hit harder by the mortgage meltdown than Sin City: After decades of breakneck growth, home prices have slumped 35 percent to 45 percent, unemployment is near 10 percent and the tourism industry is struggling to fill rooms. Those might be the best reasons to set up shop in Las Vegas.
With commercial rents, cost of living and employee wages as low as they’ve ever been in modern memory, small businesses have a chance to do the cash-intensive phase of business development at discount rates. The slowing economy has provided opportunities, says Kara Kelley, president and CEO of the Las Vegas Chamber of Commerce. Housing is more affordable than it has been in eight years. Smart business owners can take advantage of that. And when the economy does rev up? They’ll be basking in the sunshine.
About The Author: Scott Letourneau is the CEO of Fast Business Credit, Inc. When it comes to securing cash and vendor lines of credit and avoiding costly mistakes his company is the authority. For further assistance regarding the development of business credit go to http://www.FastBusinessCredit.com or call FBC at 1-888-313-6333 or 702-977-5246.