Sacramento on List of Best Places to Start a Business

Description of the 50 Best Places to Start a Business in America list developed by Inc.com and Startup Genome.

Inc.com and Startup Genome crunched the data to score and rank the top 50 metro areas in the U.S. to start a business based on seven key indicators:

• Rate of Entrepreneurship
• High Growth Company Density
• Population Growth
• Net Business Creation
• Wage Growth
• Job Creation
• Early-Stage Funding Deals

Sacramento, CA ranked #28 of 50 cities described as “surge” cities.  Achieving the #1 rank was Austin, TX and bringing up the rear at #50 was Buffalo, NY.

SacramentoRevealed.com – All Things Sacramento (from a personal perspective)

A blurb about Sacramento states “Priced out Bay Area companies are discovering this oasis in California’s Central Valley, where engineers cost half as much”.  Also mentioned was the fact that the City of Sacramento is partnering with U.C. Davis on a new innovation campus to attract more startups.

50 Best Places to Start a Business in America

1. Austin
2. Salt Lake City
3. Raleigh
4. Nashville
5. San Francisco
6. San Jose
7. San Diego
8. Denver
9. Orlando
10. Portland
11. Phoenix
12. Seattle
13. Miami
14. Jacksonville
15. Boston
16. Los Angeles
17. Dallas
18. Atlanta
19. Washington
20. Las Vegas
21. Minneapolis
22. Charlotte
23. Riverside
24. Tampa
25. Indianapolis
26. New York
27. Columbus
28. Sacramento
29. Milwaukee
30. San Antonio
31. Oklahoma City
32. Houston
33. Louis
34. Philadelphia
35. Richmond
36. Chicago
37. Birmingham
38. Baltimore
39. Pittsburg
40. Kansas City
41. New Orleans
42. Cincinnati
43. Louisville
44. Providence
45. Detroit
46. Hartford
47. Memphis
48. Cleveland
49. Virginia Beach
50. Buffalo

Sacramento Metrics

How did Sacramento rank on the seven metrics compared to the #1 city for each metric?

• Rate of Entrepreneurship: Sacramento 4.2%/Miami 9.8%
• High Growth Company Density: Sacramento 1.3%/Salt Lake City 6.1%
• Population Growth: Sacramento 1.3%/Austin 2.7%
• Net Business Creation: Sacramento 5.3%/Minneapolis 7.8%
• Wage Growth: Sacramento 2.3%/Seattle 9.4%
• Job Creation: Sacramento 2.7%/Orlando 3.6%
• Early-Stage Funding Deals (per 100,000 adults): Sacramento 0.3%/San Francisco-Oakland-Hayward 12.9%

Clearly, Sacramento has some work to do to create more employment opportunities for our residents.

See related blog post:  Where Does Sacramento Rank?

Comments on the 50 Best Places for Starting a Business in America list?

What do you think Sacramento should or should-not do as it endeavors to create good jobs and improve the overall Sacramento economy?

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