The 15 Best U.S. Cities for Entrepreneurs to Live and Launch
1. Boulder, CO
2. Austin, TX
3. Provo City, UT
4. Charlottesville City, VA
5. Chapel Hill Town, NC
6. Ann Arbor, MI
7. Fargo City, ND
8. Columbia, MO
9. Fredericksburg, VA
10. State College, PA
11. Decatur City, GA
12. Salt Lake City, UT
13. Minneapolis, MN
14. Alexandria, VA
15. Orlando, FL
Entrepreneurship is not the solo endeavor it’s often billed to be. The most visionary founders still need helping hands to bring their dreams to life. They still need communities to support them, challenge them and help them grow.
That need for nurturing led Entrepreneur to wonder: where are the best places to launch a business in the U.S.? Where do entrepreneurs get the most support?
To find that answer, we partnered with Livability.com -- an organization that analyzes small and midsize cities. Livability analyzed of a range of data points, including city population, VC deals and even the value of SBA loans. The result was this very special ranking of the best cities for entrepreneurs to launch and live. The cities span from coast to coast, from college towns to tech towns on the rise and powers this month's package exploring how cities are powering small business. Take a look -- and start packing.
Boulder, nestled in the foothills of the Rocky Mountains, comes out on top, in part thanks to an unemployment rate that’s nearly half the national average and what Livability says is double-digit business growth rate. It has 300 days of sunshine a year, Flatirons mountain views, a foodie culture with a killer craft beer scene, universities, a tech-savvy government and, according to a 2013 New Engine/Kauffman Foundation research report, the highest density of tech startups in America. It’s also homebase for investor Brad Feld (who co-founded the TechStars incubator) and has become a hub for startups like Spyder, a ski apparel brand, SurveyGizmodo and Simple Energy.
The Texas capital is known for its live music, outdoor appeal and breakfast tacos, but its startup scene can’t be ignored. It hosts the massive SXSW festival, an event that’s become synonymous with innovation. Austin is also home to several companies you likely know well, including HomeAway and Whole Foods.
Chapel Hill, home to the University of North Carolina at Chapel Hill, has close ties to both technology and science sectors. The city boasts everything from quiet streets to business accelerators, making it no wonder Livability has listed the city as one of the best 100 places to live in the U.S. for three years in a row.
Home to the University of Michigan, Ann Arbor is listed as one of the top 10 college towns by Livability and it’s not hard to see why. The city boasts 150 parks, a top-notch restaurant and arts scene, as well as a host of incubators and an eclectic, plugged in community.
Fargo, the largest city in North Dakota, is home to a host of outdoor activities, thanks to its proximity to the Red River. Fargo has also been listed by Livability as one of the best cities for college grads and celebrated for downtown. It's a hub for drone fanatics, thanks to the 18 drone-related companies based in the state and miles of unencumbered airspace. Lastly, the city is an undervalued tech hub, with meetups and summits and other events connecting hackers, coders and the next great entrepreneurs.
Columbia, home of the University of Missouri, is listed by Livability as one of the best college towns, hosting parks, restaurants and and shopping spots. It’s also great for entrepreneurs, with an ecosystem that connects entrepreneurs and investors.
Located 50 miles west of Washington D.C., Fredericksburg attracts around 1.5 million visitors a year due to its abundance or cultural and historical attractions. It is also listed as one of the best places to live in 2016, has a low unemployment rate and is home to Mary and Washington.
Alexandria, a suburb of Washington D.C., is known for being outdoor friendly and having a peaceful and fun downtown area. It has been named by Livability as having the best downtown area, being a top 10 liberal city, a best beer city and one of the top places to live in the United States. The Motley Fool’s headquarters is in Alexandria.