Google+

The Hottest Locales for Small Business in the U.S.

 
The Hottest Locales for Small Business in the U.S.

by Amy Lignor

 

No, Silicon Valley is not being replaced. However, with the Kauffman Foundation releasing its annual Startup Activity Index last week showing, in detail, trends in U.S. business startups for 2017, it was revealed that California has been booted out of first place. The top spot for new businesses to be built and thrive in the United States has been taken over by the big, sunny city of Miami, Florida.

Kauffman Foundation, Knight Foundation, South Florida, StartupBootCamp, small business startups, Miami

For those out there looking to not only land five minutes on “Shark Tank,” but also want to know where small businesses are thriving as opposed to hanging up For Sale signs in windows, they should most definitely read up on Kauffman’s latest data. Not only did Miami come in first overall but they also tied with L.A. for having the highest rate of new entrepreneurs – 0.56 percent. What that means is that in a given month 560 out of 100,000 adults living in Miami actually started a business in 2017, and there are nearly 108 startups for every thousand employer businesses currently operating in Miami.

 

Now this may not mean, of course, that all new businesses beginning in South Florida in 2017 will end up being venture-backed startups that succeed brilliantly. But when it comes to California losing the top spot, the major blow for that state comes in the form of San Francisco and San Jose dropping significantly where new business openings were concerned. The rate of new entrepreneurs giving it a go, so to speak, has declined dramatically in both areas; whereas the Miami startup scene grew by leaps and bounds when the Knight Foundation made 200+ investments totaling $25 million in entrepreneurs and their initiatives in South Florida. But they weren’t alone in doing so. StartupBootCamp, the largest helper of entrepreneurs stemming from Europe, began helping fund startups in the U.S. in 2015. Beginning in Miami in the digital health field, StartupBootCamp has truly helped Miami’s small business activity grow exponentially.

 

If looking at small business success on a slightly smaller-town angle, more data was released (WalletHub) in regards to where small businesses are doing the best in 2017, when it comes to opening in non-cities. Bigger is not always better when you’re talking about where to open up “a shop.” By comparing various locations using factors like, available workforce, cost of labor, office space, and growth potential, there are five specific smaller towns that rated extremely high for small business startups. Not only are they business friendly, but they are also worth making the move to live in.

 

If your particular business is something that would be more successful in a smaller pond, the locations of Holland, MI; Carbondale, IL; Springville, UT; East Chicago, IN; and Jefferson City, MO, come in as being the top five U.S. locations for producing successful new small businesses.

 

Flipping the coin over, whether you wish to live and open your new business in a big city or a smaller community, a multitude of data has been compiled and is out there waiting for you to research. But to narrow down that search even further, it is important to note ahead of time which five states scored the worst when it came to producing successful 2017 business startups.

 

For Hawaii, it is the state’s high cost of living that is the top challenge small business owners have to face, causing the state to come in dead last as being the worst for startups. Maine also comes in on the negative side of things. The state’s low density of startups is debatable, but the state also puts up extremely low productivity numbers, with $37,958 GDP per capita being the seventh lowest in the country. Along those same lines, Vermont has too many unemployed residents and only about 3,000 jobs open. On top of that, the costs are far too high for the small business to incur. Wisconsin and Arkansas round out the five states that new startups should most definitely stay away from in 2017.

 

So as you move forward researching the future of your business, know that the sunny world of Miami is, thus far, the right place to start.

Original Source:  Baret News

Entertainment

For movies opening July 7, 2017

  OPENING THIS WEEK Kam's Kapsules Weekly Previews That Make Choosing a Film Fun by Kam Williams For movies opening July 7, 2017 BIG BUDGET FILMS A Ghost Story (R for brief profanity and a disturbing image) Romantic fantasy revolving around a recently-deceased musician (Casey Affleck) whose spirit miraculously returns home to comfort his … [Read More its Good for You...]

Art

The Day After the Day Of

  The Day After the Day Of by Paul Ilechko   The sky sheds its tears. This morning is the morning of the day after. The day of mourning, the day after the day of.  I beseech the sky to shed tears in order to wash away the tears on my face.   This is the first day of the time after. This is the beginning of a new time, the … [Read More its Good for You...]

Books

Gil’s Goodwill!

  Gil Robertson The “Book of Black Heroes” Interview with Kam Williams Gil's Goodwill! For nearly three decades, writer/author Gil L. Robertson, IV has used the written word to enlighten, empower and uplift. The one-time political organizer initially made his mark in entertainment journalism, penning over 50 national magazine covers and … [Read More its Good for You...]

Real Estate

How to Hire a Winner in Real Estate

  How to Hire a Winner in Real Estate by Amy Lignor   You want to buy that new house because the twins are on their way. Little Betty and Little John are already there, but who knew you would have even more so soon? What’s that? Oh…well, of course, in order to buy that new home with four bedrooms instead of two, you will also need to sell … [Read More its Good for You...]

Lifestyle

Healthy Living: The Cellphone Guide

  Healthy Living: The Cellphone Guide by Amy Lignor   Much like the political realm, there will always be debates and disagreements when it comes to the technological realm—especially when it comes to your health versus the almighty cellphone. Now, it is a fact that communication in the 21st century literally brought about a … [Read More its Good for You...]

Outdoors

Preparation is Key for that Perfect Venison Stew

    Preparation is Key for that Perfect Venison Stew   Although you can find a gazillion recipes all across the Internet on how to prepare the best of the best venison stew (i.e., there are 25+ best ideas located on Pinterest at https://www.pinterest.com/explore/venison-stew/), what most people don’t realize is that when it comes … [Read More its Good for You...]

Sports

NASCAR Fans “Gear Up” for Independence Day Weekend

  NASCAR Fans “Gear Up” for Independence Day Weekend by Amy Lignor   It is that time again. And while some families will be going out on the town or heading to their local fireworks display to sit on the lawn and watch the rockets’ red glare as the local firefighters put on an awesome display, there are thousands of others headed to … [Read More its Good for You...]

Business

Add Value with Summer Home Renovation Projects

  Add Value with Summer Home Renovation Projects by Amy Lignor   There are a whole list of summer activities for you and the kids planned. Most of them, of course, you want to be nothing but fun, such as grilling outside on the patio or swimming in the pool. However, having the backyard pool and patio are two things you really need in … [Read More its Good for You...]

Travel

The Ultimate Vacations for the Ultimate Animal Lover

  The Ultimate Vacations for the Ultimate Animal Lover by Amy Lignor   The numbers may still shock some, but I sincerely doubt it. It is a fact that 79.7 million people living in the U.S. own and absolutely love their pet. (The Humane Society). Oddly enough, however, there are also millions who want to view unique wildlife with their … [Read More its Good for You...]

Green Living

Creating the Perfect Vegetable Garden

  Creating the Perfect Vegetable Garden by Amy Lignor   Many are still dealing with that wintery mix Mother Nature just loves to toss down from the sky this time of year. Yet, that gardener living inside the soul – the one just dreaming of the sunny skies and lazy rainy days that are must-haves in order to grow the best vegetables possible … [Read More its Good For You...]

Health

Making Your Health “Resolute”

  Making Your Health “Resolute” by Amy Lignor   It is time for those New Year’s Resolutions to be made. We all know the ones most likely being placed on lists everywhere: stop smoking and lose weight. Why? Because these have always been the top two when it comes to goals, so that the next time the ball drops you feel amazing that the … [Read More its Good for You...]