Why was Florence during the renaissance a good place to start a business

I don't know much about it but did this help? I found what I could.

Explanation:

Florence was an important city during the Renaissance. The Renaissance first began there and was very strong in Florence. As the Renaissance spread throughout Europe, Florence became a model for other places to copy. ... Florence became a very wealthy city because of the trade of textiles, especially the trade of wool.

They fostered economic patronage to many Renaissance artists and spent most of their large wealth on their great art collections they used to decorate the city of Florence, which virtually fueled the artistic Italian Renaissance as we know today. Florence was a city with wool as its main industry.

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