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So You Want To Launch a Business?These 25 Cities Are Worth Moving To
Frank Underwood, House of Cards
“It’s all about location, location, location.”
If you already live near one of the following communities, you’re in luck.
oklahoma city oklahoma
1
• 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
2
Boulder Colorado
• 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
Minneapolis Minnesota
3
• 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
Miami Florida
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• Several business incubators located in the city
• There are great events, such as the annual Startup Weekend Miami
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Miami Florida
Cambridge Massachusetts
5
• 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
Omaha Nebraska
6
• 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
7
Des Moines Iowa
• 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
Raleigh North Carolina
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• Emphasis on technology, medical care and clean technology
• Raleigh is widely-recognized as a major U.S. center for high-tech and biotech research
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Raleigh North Carolina
Nashville Tennessee
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• Tennessee has no state tax
• The Incubation Center at Tennessee State University offers support for startups for up to five years
9
Nashville Tennessee
10
Atlanta Georgia
• African-American-owned firms represented 30.9 percent of businesses in Atlanta
• Women-owned firms represented 33.4 percent
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Atlanta Georgia
Austin Texas
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• 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
Seattle Washington
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• Home of Microsoft, Amazon and Starbucks
• In 2012 Seattle saw 4,200 business startups, compared to 3,600 business closures
12
Seattle Washington
Salt Lake City Utah
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• 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
Salt Lake City Utah
Denver Colorado
14
• 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
Memphis Tennessee
15
• 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
16
Indianapolis Indiana
• Indianapolis has a great business-tax climate
• Cost of living is 6.7 percent below the national average
16
Indianapolis Indiana
17
Boca Raton Florida
• Surprisingly large number of tech startups
• The city provides incentives to small business that relocate or expand to Boca Raton
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Boca Raton Florida
Bellevue Washington
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• The city attracts droves of top tech talent
• This city boasts a high number of patents per capita
• Established companies provide great mentorship opportunities
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Bellevue Washington
Rockville Maryland
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• 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.
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Rockville Maryland
New York New York
20
• 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
21
Columbus Ohio
• 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
TulsaOklahoma
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• 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
TulsaOklahoma
Santa Monica California
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• 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
IrviNe California
24
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
San Francisco California
25
• 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
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