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The 10 most expensive places in the U.S. to start a new business, report finds

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California and New York's high costs of living make them expensive for new business owners, according to a recent ranking from an online small business advisor.
The article from MSN Money discusses a report by SimplifyLLC which identifies the ten most expensive places in the U.S. to start a new business. According to the report, San Francisco, California, tops the list due to its high costs in office space, labor, and utilities. Other cities like New York City, Boston, and Seattle also rank high due to similar reasons, with significant expenses related to commercial real estate, high wages, and other operational costs. The study highlights that while these locations offer access to large markets and a skilled workforce, the financial burden of starting and maintaining a business there is considerably higher than in other parts of the country. The report also notes that despite these costs, many entrepreneurs are drawn to these cities for their economic opportunities, innovation ecosystems, and networking possibilities.

Read the Full CNBC Article at:
[ https://www.msn.com/en-us/money/smallbusiness/the-10-most-expensive-places-in-the-u-s-to-start-a-new-business-report-finds/ar-AA1BkIsZ ]