Perks of Opening a Business at the Lake of the Ozarks
Opening a business can be a very exciting and stressful time in your life. If you have decided on the type of business that you would like to open the next question may be, where should you open the business? If you are looking for a picturesque backdrop for your business, we think the best place for you to start a business is the Lake of the Ozarks. Lake of the Ozarks is one of the largest man-made lakes with the beautiful Ozark Mountains surrounding the lake that resembles a dragon.
Thriving Business Environment
There is a very diverse business setting at the Lake of the Ozarks. From tourist-friendly businesses to agricultural businesses to industrial businesses and many others in between, there are many potential ventures waiting. With 1150 miles of shoreline, the Lake of the Ozarks has stunning sunsets, a robust influx of tourists throughout the summer months, special events throughout the year, and an economy that continues to grow season after season.
Low Cost of Living
One of the biggest perks of opening a business at the Lake of the Ozarks is the demographic profile. The cost of living in Missouri is the 4th lowest in the nation and Missouri is the 18th largest state in the population. With the low cost of living Lake of the Ozarks has become a premier retirement community for many out of state professionals. Young entrepreneurs also see the Lake of the Ozarks as a great location to raise their family, start a business, and enjoy the pleasures of living at the #1 recreational lake in the United States. Speaking of raising a family, the school systems at the Lake of the Ozarks include 2 of the top-ranking schools in central Missouri, Osage and Camdenton High Schools. They both excel in education and sports. With Robotics, Gates Program, and top-ranking sports programs, the school has created an environment for children to excel.
The sales tax rates for the lake area are also very affordable compared to others which is another perk of starting your business at the Lake of the Ozarks.
• Camden County – 5.475%
• Miller County – 5.725%
• Morgan County – 5.725%
• Camdenton – 7.475%
• Eldon – 8.125%
• Lake Ozark – 7.725%
• Laurie – 7.725%
• Osage Beach – 7.475% to 8.725% depending on the area
• Versailles – 7.725%
Several organizations are here to support you in this adventure. Lake of the Ozarks Regional Economic Council (LOREDC) is a great tool for anyone interested in starting a business at the Lake of the Ozarks. The studies they have completed in recent years can show you the economic impact of the area. They will also be able to provide you with important information including incentives & taxes, transportation, and workforce. LOREDC can help provide you with demographics and statistics that will assist with many decisions before starting the business.
Once the business is started, the local Chamber of Commerce is also a great source of knowledge for any new business owners. By joining the Lake Area Chamber, we will help support you in your adventure by getting your business name out to the community. The Lake Area Chamber has benefits that include shine a Spotlight on your Business, ribbon cuttings for new members, monthly networking socials, referral programs, and so much more. If you are interested in starting a new business at the Lake of the Ozarks, contact the Lake Area Chamber for more information about our business at 573964-1008 or visit our website at www.lakeareachamber.com