CNN Money Ranks Bellingham, WA #27 for 2008

Best Place to Live & Launch a Business - Bellingham Ranks #27

According to CNN Money, Bellingham Washington is the 27th best place to live and start a business.

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Why Live in Bellingham…

The two biggest attractions to Bellingham, Washington are the outdoor life and proximity to Seattle and Vancouver, BC. Bellingham provides a host of outdoor recreation including; easy access to the bay, lakes & mountains. Bellingham offers a great community to bike, sail or hike. The real estate market is stable and the median home price is affordable at only $325,000.


On the Business Side…

There little question why commercial real estate is currently booming in Bellingham. Business is good. The local economy is thriving on tourism, exports and Internet based companies. Bellingham is currently not home to many large employers, but is poised to entertain one.

CNN stated that a PRO for Bellingham is that there is a skilled workforce, which is 100% true. Bellingham is home Western Washington University with thousands of students graduating every year. A large portion of these students attempt to find local jobs before they move on. A major business could thrive on this local talent pool.

The CON that was listed by CNN was that there are “Rising Home Prices”. Home prices have actually stabilized for the most part. In 2007, home prices increased around 4%. Considering that most real estate market declined in 2007, a stable real estate market should realistically be considered a positive.

Overall, anyone looking to relocate or start a new business should take a hard look at Bellingham, WA.

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