Altoona, IA, is a great place to live—but it’s more than that. For millions of visitors, this city is one of Iowa’s most popular entertainment and shopping destinations.
Known for its bustling retail scene and heart-pounding entertainment, Altoona has become a hot spot for tourism. But these visitors are not just filling hotels and amusement parks. They’re supporting the city’s growing retail market, while opening doors for new businesses to join the movement.
If you’re considering relocating your business, now is the perfect time to explore Altoona, Iowa.
One of Iowa’s Hottest Destinations
Tourism in Altoona is thriving. Attractions like Adventureland Resort and Prairie Meadows Casino draw more than 4 million visitors each year. And these visitors aren’t just passing through; they’re spending millions of dollars every year. Local shops, restaurants, and entertainment venues benefit directly from this steady stream of tourists.
With millions of visitors each year, the opportunities for local businesses are plentiful. More people equals more spending, and that translates into real economic growth for Altoona. The city also sees hundreds of millions of dollars in taxable sales annually, further highlighting the impact of tourism on the local economy.
Altoona also boasts a trade surplus of $362 million per year. This means that spending by non-resident visitors significantly contributes to the local economy. In fact, this trade surplus represents 53% of Altoona’s annual retail sales. That’s a clear indicator that businesses in the area are thriving thanks to out-of-town customers.
Retail Space in High Demand
With more visitors comes the need for more retail space. In recent years, Altoona’s growth has spurred new developments, creating ample retail space for lease. Whether you’re starting a boutique, opening a restaurant, or launching a new retail concept, Altoona has the space you need.
When it comes to retail space for lease, finding the right location is key to any business’ success. In Altoona, you’ll find a variety of options, from high-traffic areas near tourist attractions to quieter spots in residential neighborhoods. Whatever your needs, there’s a retail space that’s perfect for your business, and AltoonaNow is here to help you find it.
The Role of Altoona Development
Altoona development efforts are a driving force behind the city’s expansion. The City of Altoona is committed to creating a business-friendly environment, offering incentives and support to those looking to relocate their business to Altoona, Iowa. This proactive approach is one of the reasons why the city is quickly becoming a hub for retail growth.
As part of these efforts, AltoonaNow plays a crucial role in connecting business owners with the resources they need. From finding the perfect retail space for lease to navigating the city’s regulations, AltoonaNow is here to make the site selection process easier and to help businesses thrive.
Why Relocate Your Business to Altoona, Iowa?
Relocating a business is a big decision. But Altoona offers more than a few good reasons to make the move. First and foremost, the city’s growing tourism industry means a steady stream of potential customers. Whether your business caters directly to tourists or serves the local community, you’ll benefit from the increased foot traffic.
Additionally, Altoona’s average sales per capita are more than double the peer group average and the average in the State of Iowa. This speaks to the strong spending power of residents and visitors alike.
Altoona’s commitment to development means that the infrastructure is in place to support your business. With a range of retail spaces available, you’ll have no trouble finding a location that fits your needs. Plus, the city’s business-friendly policies make it easier to get up and running.
But it’s not just about business. Altoona is a great place to live, work, and play. With excellent schools, parks, and community events, it’s a city where you and your employees can thrive. This makes it easier to attract and retain top talent, which is essential for any business.
The Future Looks Bright
The combination of a thriving tourism industry, ample retail space for lease, and strong support from local government makes Altoona a prime destination for retail businesses.
Join the Movement
Tourism is more than just an economic driver; it’s a catalyst for growth. If you’re considering a move, now is the time to explore what this vibrant city has to offer.
Start your journey today and discover the impact that tourism can have on your retail success in Altoona, Iowa.