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CreditDonkey.com reviewed key criteria of major metropolitan areas to narrow down which cities give entrepreneurs the best access to capital and labor.
Los Angeles, CA (PRWEB) March 03, 2013
A highly educated workforce, good access to capital, and reasonable cost of living make Austin, Texas, the top pick for starting a business in the United States, according to a CreditDonkey.com analysis of over 300 metropolitan areas.
“So many factors work against small business owners when they are first starting out,” says Charles Tran, founder of CreditDonkey.com. “By putting themselves in a prime location, surrounded by promising talent and funding opportunities, entrepreneurs will improve their chances of growth and success. We put this list together to help small business owners think through the importance of where they set up shop.”
The study, from CreditDonkey.com, a credit card comparison and financial education website for small business owners, ranked results based on education attainment, access to funding, and cost of living.
Top 10 Cities to Start a Business:
1. Austin, Texas - has the lowest cost of living among the top 10 cities in the study
2. Boston, Mass.
3. San Jose, Calif. - provides the best access to venture capital funding, along with the rest of California
4. Chicago, Ill.
5. New York, N.Y.
6. Los Angeles, Calif.
7. Seattle, Wash.
8. Washington, D.C. - has the highest percentage of college-educated residents in the country
9. Denver, Colo.
10. Hartford, Conn.
To view the full study, visit http://www.creditdonkey.com/where-start-business.html
CreditDonkey.com provides information on the credit issues, news, and trends facing Americans through proprietary market research and analysis. Visit CreditDonkey.com to stay informed with credit card news, deals, reviews, and tips.
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