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
- Salt Lake City
- San Francisco
- San Jose
- San Diego
- Los Angeles
- Las Vegas
- New York
- San Antonio
- Oklahoma City
- Kansas City
- New Orleans
- Virginia Beach
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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