New companies ought to look to those cities for startup funding, low value of dwelling, and enterprise assist, in line with Match Small Enterprise.
Selecting the very best location to open a brand new enterprise could make or break your startup in its first 12 months, in line with a current report from Match Small Enterprise. Nonetheless, startup meccas like San Francisco and New York Metropolis is probably not the best place to arrange, the report famous.
The perfect cities for entrepreneurs should not these with the most important inhabitants, the report discovered. As an alternative, they’ve a variety of location-specific parts that may assist a brand new enterprise, together with entry to startup funding, an schooling workforce, enterprise assist, and a low value of dwelling. These elements mixed added as much as a excessive fee of startup success in each small and huge US cities, in line with the report.
SEE: 10 books each small enterprise entrepreneur ought to learn (free PDF) (TechRepublic)
The next 10 cities high the rankings for 2019 attributable to these elements, together with tax charges, enterprise survivability, financial progress, and high quality of life.
In 2019, areas like Seattle, Denver, and St. Louis high the rankings attributable to intensive financing choices, supportive enterprise cultures, and expert employees who will be recruited to develop your startup. We additionally thought-about metrics like tax charges to find out doable hindrances to profitability, enterprise survivability, normal financial progress, value of dwelling, and high quality of life.
Listed below are the 10 finest cities for entrepreneurs to begin a enterprise in in 2019:
- St. Louis
- Salt Lake Metropolis
- Portsmouth, NH
- Sioux Falls, SD
“The perfect cities for entrepreneurs modified significantly from 2018 to 2019,” Kelly Fundamental of Match Small Enterprise wrote within the report. “Beforehand, the highest cities have been these based mostly in coastal areas of the nation, similar to Miami, New York Metropolis, and Los Angeles. This 12 months, nonetheless, a number of rating cities are situated inland, similar to St. Louis and Denver. Startup tendencies are evolving, however for entrepreneurs able to take the leap in 2019, it is price contemplating the areas in our definitive rating above.”
For extra, try The place are the very best cities for millennial entrepreneurs to begin companies? on our sister website ZDNet.