Entrepreneur Identifies 10 Do-Business Cities
Entrepreneurmagazine has identified 10 major cities that it says encourage business start-ups.
The magazine chose cities that provide government incentives, have affordable commercial rents, have public officials who are open to new ideas, and have a population that's growing.
The most entrepreneurial cities identified in the July issue are:
- Las Vegas
- Portland, Ore.
- San Diego, Calif.
- Chapel Hill, N.C.
- Madison, Wisc.
- Youngstown, Ohio
- Austin, Texas
Unemployment might be near 10 percent and the tourism industry is struggling to fill rooms, but these are the best reasons to set up shop in Las Vegas! With commercial rents, cost of living and employee wages as low as they've ever been in modern memory, small businesses have a chance to do the cash-intensive phase of business development at discount rates. "The slowing economy has provided opportunities," says Kara Kelley, president and CEO of the Las Vegas Chamber of Commerce. "Housing is more affordable than it has been in eight years. Smart business owners can take advantage of that." And when the economy does rev up? They'll be basking in the sunshine.
Source: Entrepreneur (07/29/2009)
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