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- From San Diego to Austin and Seattle, these are the 15 best US cities to launch a startup
From San Diego to Austin and Seattle, these are the 15 best US cities to launch a startup
15. Minneapolis – St. Paul – Bloomington (Minnesota and Wisconsin)
14. Charlotte – Concord – Gastonia area (North Carolina and South Carolina)
Entrepreneurship score: 81.75
Startup density: 10.3%
Percentage of firms receiving venture capital investment: 0.6%
Percentage of self-employed workers: 8.9%
Reason for starting business isn't lack of work: 76.9%
In the growing world of fintech, Charlotte has emerged as the new industry's capital, with companies like LendingTree setting up headquarters there. But it's a great place for startups, too: the Charlotte Angel Fund is one of many Charlotte-based accelerators.
13. Atlanta – Sandy Springs – Roswell area (Georgia)
Entrepreneurship score: 82.35
Startup density: 10.1%
Percentage of firms receiving venture capital investment: 0.7%
Percentage of self-employed workers: 10.7%
Reason for starting business isn't lack of work: 76.1%
Atlanta is no stranger to big business: both Coca-Cola and Delta have their headquarters there. But Atlanta is also home to incubators like Atlanta Technology Village for new startups.
12. Phoenix – Mesa – Scottsdale area (Arizona)
Entrepreneurship score: 82.41
Startup density: 9.9%
Percentage of firms receiving venture capital investment: 0.7%
Percentage of self-employed workers: 9.9%
Reason for starting business isn't lack of work: 80.0%
The Arizona Commerce Authority offers startups the Angel Investment Tax Credit, which amounts to a total of $2.5 million every year.
11. San Diego – Carlsbad area (California)
Entrepreneurship score: 82.7
Startup density: 10.3%
Percentage of firms receiving venture capital investment: 0.7%
Percentage of self-employed workers: 12.0%
Reason for starting business isn't lack of work: 74.5%
According to a 2016 study by the San Diego Regional Economic Development Corporation (EDC), the city has the second-highest concentration of science and engineering professionals in the country.
10. Kansas City (Missouri and Kansas)
Entrepreneurship score: 83.37
Startup density: 9.2%
Percentage of firms receiving venture capital investment: 0.7%
Percentage of self-employed workers: 8.7%
Reason for starting a business isn't lack of work: 81.1%
You've heard of Silicon Valley, but what about "Silicon Prairie"? That's the nickname Kansas City earned for its startup culture, which includes LaunchKC, a local startup accelerator.
9. Boston – Cambridge – Newton area (Massachusetts and New Hampshire)
Entrepreneurship score: 83.79
Startup density: 8.1%
Percentage of firms receiving venture capital investment: 0.6%
Percentage of self-employed workers: 8.5%
Reason for starting business isn't lack of work: 79.3%
Several Boston-area universities have their own startup accelerators. For example, MIT has the LaunchX Summer Program, and Harvard has the Harvard i-lab.
8. Miami – Fort Lauderdale – West Palm Beach area (Florida)
Entrepreneurship score: 84.59
Startup density: 11.2%
Percentage of firms receiving venture capital investment: 0.5%
Percentage of self-employed workers: 14.5%
Reason for starting business isn't lack of work: 72.1%
Miami is home to several organizations helping startups, including a branch of the Silicon Valley-based accelerator 500 Startups and the University of Miami's accelerator, the Launch Pad.
7. Portland – Vancouver – Hillsboro area (Oregon and Washington)
Entrepreneurship score: 85.22
Startup density: 9.7%
Percentage of firms receiving venture capital investment: 0.7%
Percentage of self-employed workers: 11.0%
Reason for starting business isn't lack of work: 79.6%
These three bordering cities are gaining notoriety as the "Silicon Forest" thanks to their numerous startups and incubators. One incubator, VertueLab, only invests in startups with a positive impact on the environment.
6. Raleigh (North Carolina)
Entrepreneurship score: 85.24
Startup density: 9.3%
Percentage of firms receiving venture capital investment: 0.6%
Percentage of self-employed workers: 7.9%
Reason for starting business isn't lack of work: 79.2%
According to Volusion, Raleigh's combination of universities (North Carolina State University, Duke University) and accelerators (Triangle Investor Alliance, Wolfpack Investor Network) make it ideal for startups.
5. Denver – Aurora – Lakewood area (Colorado)
Entrepreneurship score: 88.32
Startup density: 10.8%
Percentage of firms receiving venture capital investment: 0.6%
Percentage of self-employed workers: 11.0%
Reason for starting business isn't lack of work: 77.9%
According to online startup community Built In Colorado, the legal cannabis industry is gaining traction both with the number of startups and consumers.
4. Nashville – Davidson – Murfreesboro – Franklin area (Tennessee)
Entrepreneurship score: 89.25
Startup density: 9.7%
Percentage of firms receiving venture capital investment: 1.1%
Percentage of self-employed workers: 10.6%
Reason for starting business isn't lack of work: 80.4%
Nashville may be known for country music, but it's becoming a hub for healthcare startups, including healthcare insurance startup Clover Health.
3. San Jose – Sunnyvale – Santa Clara area (California)
Entrepreneurship score: 90.77
Startup density: 10.1%
Percentage of firms receiving venture capital investment: 1.7%
Percentage of self-employed workers: 8.7%
Reason for starting business isn't lack of work: 72.4%
San Jose has plenty of programs to get your startup off the ground, like the Silicon Valley Center for Entrepreneurship for students at San Jose State University.
2. Austin – Round Rock (Texas)
Entrepreneurship score: 93.03
Startup density: 11.6%
Percentage of firms receiving venture capital investment: 0.5%
Percentage of self-employed workers: 10.8%
Reason for starting business isn't lack of work: 80.0%
According to Volusion, Austin has the third-highest startup density in the country.
1. Seattle – Tacoma – Bellevue area (Washington)
Entrepreneurship score: 99.20
Startup density: 10.0%
Percentage of firms receiving venture capital investment: 1.9%
Percentage of self-employed workers: 9.7%
Reason for starting business isn't lack of work: 77.5%
Seattle's government is very supportive of startups. The Only in Seattle initiative grants seed money and provides consulting to startups in local business districts.
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