The city of Germantown, Pennsylvania was founded in 1735 as a German settlement. Today, the city is home to more than 19,000 residents and is an attractive suburb of Philadelphia. It is a desirable location for businesses because of the convenient access to public transportation, the Philadelphia International Airport, and the nearby Main Line and Main Line Suburbs.
Germantown has a population density of 13,600 people per square mile. The median age of the city’s residents is 34 years, and the average household size is 2.7.
According to the U.S. Census Bureau, the city’s current population is 19,878. This number has grown by nearly 1,300 people since 2016. Of those new residents, 1,062 people were foreign born, and 1,084 were naturalized.
Germantown has been a popular location for companies in the technology sector. There are currently three software development companies headquartered in Germantown. These include CloudFlare, a web security provider, and Wix.com, which is a leading platform for building websites.
Germantown, PA is a quiet suburb of Philadelphia. The city`s median household income is just over $40,000 and the unemployment rate is 3.3%. These numbers make Germantown the second poorest city in Pennsylvania after Pittsburgh. Germantown`s residents live on a street grid, have easy access to public transportation, and enjoy a number of parks and recreation areas. Many Germantown businesses are locally owned. The city also boasts several colleges and universities. The school district is also one of the largest in the state.
Germantown is a great place to launch a small business. The city is rich in history, has a friendly community atmosphere, and offers easy access to Philadelphia.
However, while Germantown has many advantages, it`s also a very expensive place to open a business. The average commercial rent in Germantown is over $12,000 per month. Additionally, the cost of real estate can be astronomical. For example, the Germantown office space market, as of 2018, has an average asking price of $1,500 per square foot. A small office that`s 20,000 square feet would cost over $30 million to lease.
If you`re considering opening a business in Germantown, you need to think about how much money you`d need to make to cover the expenses that come with opening and running your new business. Most new businesses fail within the first two years. If you`re going to invest over a million dollars, you`ll want to make sure you`ll be able to cover your operating costs. You also want to make sure that you`re not getting into a situation where you`re spending too much money to operate the business, and not enough to make a profit.
Launching your business in Germantown, Pennsylvania, is an excellent choice. One of the first questions that comes up is whether or not Germantown has a strong enough base of businesses already established to support an entrepreneur’s arrival. To put it simply, the answer is “yes.”
Germantown has a significant number of restaurants, bars, and coffee shops. This means there are plenty of customers who would be happy to try new places and spend money at local establishments. However, Germantown’s population is also made up of many families who work in the suburbs and commute into the city. This makes for a difficult commute that requires a lot of time and money.
The main question for entrepreneurs is whether the small business community can provide the resources necessary to support them. If you need help launching your business, you can find it in Germantown.
Business incubators are a great resource. They provide access to mentorship, space, and the ability to network with other small business owners.
There are also a number of organizations that support the growth of small businesses in Germantown. One such organization is the Germantown Business Incubator. This organization provides entrepreneurs with the tools they need to start and grow a business in the area.
Other organizations that are committed to helping the small business community include:
• The Greater Philadelphia Chamber of Commerce
• The Germantown Community Development Corporation
• Germantown Entrepreneurial Center
• The Germantown Area Council
• Germantown Business Incubator