New data from LinkedIn shows that the home of giant companies like Coca-Cola and Delta Air Lines is also the best place to start your own business.
Atlanta is recognized as the No. 1 metropolitan area in the U.S., with the fastest growing number of people starting their own companies at 92% year-over-year, according to the job search site.
Fox 5 Atlanta reported that metro Atlanta is growing at a “breakneck pace” thanks to a strong employment recovery since the pandemic. The Wallethub report also found that young professionals are best suited to start their careers based on indicators such as job availability, average starting salary, unemployment rate, median annual income, housing affordability, and family size. It is also recognized as a place where Friendliness.
No. 2 Austin, also to the south, has experienced its own entrepreneurial boom during the pandemic as people flee expensive cities like San Francisco and New York, drawn by the warm climate, low cost of living and lack of state income taxes. ing. Last year, the number of residents who became founders increased by 84%.
Seattle ranks in the top three with a 75% year-over-year growth in its founder community. The city’s huge tech scene can be a potential hotbed for entrepreneurs to launch their own startups.
According to LinkedIn, the top 10 metros with the fastest growing number of people starting businesses are:
- Austin, Texas
- San Francisco
- Miami – Fort Lauderdale
- new york city
George Anders, senior general editor at LinkedIn, said Atlanta and Austin both see high levels of domestic migration, with “people from all walks of life coming here for their careers, their families, and their families.” “We believe these are Grade A destinations in terms of finding success in the future.” Work-life outlook. ”
Some newcomers may become entrepreneurs themselves, while existing residents may also view newcomers as potential customers. “They don’t have a favorite restaurant or store yet, so they want to try yours,” Anders says.
“They also need help with various aspects such as buying a home, choosing a school, finding a contractor, etc.,” he added. “That means a very promising customer base for new entrepreneurs to tap into.”
Elsewhere in the country, San Francisco, the only city representing Silicon Valley, comes in at number four.
“While the San Francisco Bay Area remains one of the world’s leading locations for high-tech startups, small ‘main street’ businesses may not be opening at the pace that leads the nation, or are likely to.” Anders says.
Other expensive cities like New York City and Los Angeles also make it into the top 10, but they lag behind lower-cost-of-living areas like Chicago and Miami.
According to a report by the Global Entrepreneurship Monitor and a report by The Washington Post, nearly 1 in 5 adults in the United States are currently starting a business or have started a business within the past three and a half years.
Entrepreneurship is at its highest level since the survey began in 1999, echoing earlier predictions that job losses due to COVID-19 could prompt more people to become independent.
Years later, Donna Kelley, a Babson College professor and the report’s lead author, told The Washington Post that “even during the pandemic, the upward trend in entrepreneurship continues, which is a really great sign.” Ta. “This means businesses are introducing innovation, creating jobs, and contributing to America’s competitiveness.”
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