entrepreneurshipresource center

The Resource Center has all the info you'll need From content to user feedback, the resource center has the information you need for every level of the entrepreneurial process.

Weekly Wisdom from Kauffman: The 'friendliest' places to start your company

Christina Hernandez Sherwood, eMed Editor, MedCity News

The Silicon Valley might not be the “friendliest” place to start your life science or digital health company. A small business survey released this month by the Kauffman Foundation and Thumbtack.com gave Austin, Virginia Beach, and Houston top honors as the friendliest cities for small businesses.

The top five states for small business friendliness were Utah, Alabama, New Hampshire, Idaho, and Texas. The bottom five: Hawaii, Maine, Rhode Island, California, and Illinois.

The Thumbtack.com Small Business Friendliness Survey garners data from a network of job creators and entrepreneurs to determine its friendliness rankings. More than 7,700 small businesses across the country were surveyed.

Key findings from the survey include:

  • Texas had three of the top five cities (Austin, Houston, and San Antonio), while California was home to three of the bottom five (Los Angeles, San Diego, and Sacramento). Newark, N.J., finished last in this year's rankings.
  • Professional licensing requirements were 30 percent more important than taxes in determining a state's overall business-friendliness, confirming the findings from last year's study. Furthermore, this year's research revealed that 40 percent of U.S. small businesses are subject to licensing regulations by multiple jurisdictions or levels of government.
  • African-American and Hispanic small business owners were significantly more likely than their white counterparts to encourage others to start a new business.
  • North Carolina was the most improved state, making strides across multiple categories and rising from a "C+" to a "B+" grade overall.

Weekly Wisdom from Kauffman is a regular feature on eMed highlighting insightful research from the Kauffman Foundation. Do you have a favorite Kauffman research insight that could help life science entrepreneurs? Send it to mailto:emededitor@kauffman.org.


comments powered by Disqus

Search the Resource Center

Stay Connected

Email Newsletter Signup

Want to get connected? Sign up to receive regular news, polls and updates from The Kauffman Foundation.

Email Newsletters

Want to be up-to-date with the latest news and updates from Entrepreneurship.org? To subscribe, just give us your email address below; you'll choose which e-newsletters you'd like to receive on the next screen.