Looking to launch your next venture in a business-friendly climate? If you’re lucky enough to live near one of the following communities, you’re in luck. If not, consider whether a move will give your business the best odds possible of succeeding.
Here are the 25 cities worth moving to if you want to launch a startup:
5. • A strong small-business-lending environment
• A lower cost of living
• Apartment Guide listed Oklahoma City on its
list of “10 affordable Cities where luxury
apartments are within your reach"
1
oklahoma city
oklahoma
7. • Boulder has become a hub for tech startups
• American Electronics Association reports that
Boulder has the highest concentration of
software engineers per capita in the nation
2
Boulder
Colorado
9. • Fourth highest concentration of small
businesses in the nation
• Highly-educated labor force of 1.6 million people
• 15th lowest business-tax rate in the nation
Minneapolis
Minnesota
3
13. • Home of Harvard and MIT, Cambridge attracts significant
talent and educated workers
• In 2013, the Boston area was second in being the top
market for venture capital in biotechnology, with $933.5
million raised in 84 deals
5
Cambridge
Massachusetts
15. • This Midwest city has dubbed itself “Silicon Prairie”
• The Nebraska Advantage tax-incentive package
enhances the city’s business climate and makes it a
great place to start and grow a business.
6
Omaha
Nebraska
17. • Currently, the fastest-growing industries in Des Moines
include scientific research and development,
manufacturing, consulting and computer-systems design
• This city has a host of resources for small businesses that
rival many of its larger competitors
7
Des Moines
Iowa
19. • Emphasis on technology, medical care and
clean technology
• Raleigh is widely-recognized as a major U.S.
center for high-tech and biotech research
8
Raleigh
North Carolina
21. • Tennessee has no state tax
• The Incubation Center at Tennessee State University
offers support for startups for up to five years
9
Nashville
Tennessee
25. • No state individual or corporate income taxes
• Austin ranked as the healthiest small-business
climate in the south in 2010, 2011 and 2012
11
Austin
Texas
29. • Very favorable corporate and property tax
incentives
• The University of Utah offers growing
businesses many resources, from support
in getting funding to finding office space
13
SaltLakeCity
Utah
31. • A 2013 study ranked Denver as the best
place to work for a small business
• 97 percent of employers in Colorado are
classified as small businesses
14
Denver
Colorado
33. • The cost of starting a business is low compared
to other major cities
• As of 2007, there were more than 76,000 small
businesses in Tennessee's Shelby County alone
15
Memphis
Tennessee
37. • Surprisingly large number of tech startups
• The city provides incentives to small business
that relocate or expand to Boca Raton
17
Boca Raton
Florida
39. • The city attracts droves of top tech talent
• This city boasts a high number of patents per
capita
• Established companies provide great mentorship
opportunities
18
Bellevue
Washington
41. • More than 58 percent of residents have a
bachelor’s degree, and 32.4 percent have a
graduate or professional degree
• It’s a great place to start a biotech or
education-focused company.
19
Rockville
Maryland
43. • New York is a good alternative to the Bay Area
• In 2014, New York City SCORE helped more
than 5,000 entrepreneurs and small-business
owners with free business mentoring,
workshops and more
20
New York
New York
45. • There’s a thriving small-business community, and a
small-business-builder program to help you get started
• Small businesses are responsible for having created
almost 45,000 new jobs in Ohio in 2011
21
Columbus
Ohio
47. • Small businesses create two-thirds of all the
new jobs in this region
• A cost of living 12 percent below the national
average and a strong business community
make Tulsa a great place for startups
22
Tulsa
Oklahoma
49. • More than 23,000 small businesses
• 32 percent of them owned by women
• Technology and digital-media companies rival
media and movies in this area near Los Angeles
23
Santa Monica
California
51. 24
IrviNe
California
• Irvine boasts a diverse population, a
highly educated workforce and
abundant office space
• Recruitment is a breeze when you’ve
got 281 days of sun a year
53. • San Francisco comes with a combination of universities,
venture capital and established tech giants that can’t be
beat
• Check out the annual Small Business Week San Francisco,
which allows entrepreneurs to connect with more than
4,000 members of the small-business community
25
San Francisco
California
54. Pick a city and pack your bags! It’s time
get started on your small business!
Visit wheniwork.com for insightful
content on starting your small business.
via entrepreneur.com