Excellent Cities For Young Entrepreneurs in 2017

PixabayYoung entrepreneurs and business leaders are eager to gain a clearer image of what cities will be the best for growing their startups and budding business. Fortunately, Forbes has chosen to answer the prayers of young entrepreneurs by compiling a neat list of ten places for young people to consider when relocating for purposes of growing a business.

Missoula, Montana: Located along the Clark Fork River, Missoula is a home to the University of Montana, a public research university. The area has a great deal of vocation programs, media outlets, and booming infrastructure. Approximately 15.3 percent of the population is between the ages of 25 and 34, and the Small Business Administration loans per capita are $171. There are 7.4 businesses per 100 residents. The unemployment rate in the area is 3 percent, and the median household income is $42,815.

Fargo, North Dakota-Moorhead, Minnesota: The metropolitan area comprising Fargo, North Dakota, Moorhead, Minnesota is often given the name Fargo-Moorhead. The two cities act as an epicenter, with regards to culture, healthcare, retail, education, and industry. Approximately 16.9 percent of Fargo-Moorhead’s population is between the ages of 25 and 34, and SBA loans per capita are $131. There are 5.61 businesses per 100 residents. The unemployment rate in the area is 2.2 percent, and the median household income is $56,015.

San Francisco-Oakland-Hayward, California: The area has vast geographical diversity, with the region consisting of at least six terrains. More than that, the area has the 7th largest MSA economy and it has transportation that services all areas connected to San Francisco’s transit hub. Culturally, the area flourishes with a plethora of museums and historical landmarks. Approximately 16.9 percent of the area’s population is between the ages of 25 and 34, and SBA loans per capita are $150. There are 5.34 businesses per 100 residents. The unemployment rate in the area is 3.8 percent, and the median household income is $88,518.

Seattle-Tacoma-Bellevue, Washington: The lively cosmopolitan metro area is attractive to most because it is modern, affordable, and has incredible scenery.  Approximately 16.2 percent of the area’s population is between the ages of 25 and 34, and SBA loans per capita are $135. There are 5.33 businesses per 100 residents. The unemployment rate in the area is 4.4 percent, and the median household income is $75,331.

Fort Collins, Colorado: Founded as a military outpost of the United States Army in 1864, Fort Collins is the 156th most populous city in the United States. Approximately 14.3 percent of the area’s population is between the ages of 25 and 34, and the SBA loan per capita are $150. There are 6.01 businesses per 100 residents. The unemployment rate in the area is 2.5 percent, and the median household income is $64,919.

Denver-Aurora-Lakewood, Colorado: The Denver metro area is recognized as one of the most prosperous parts of the south.  Approximately 16.1 percent of the area’s population is between the ages of 25 and 34, and SBA loans per capita are $173. There are 5.55 businesses per 100 residents. The unemployment rate in the area is 2./ percent, and the median household income is $70,283.

Austin-Round Rock, Texas: Located 15 miles north of Austin, Round Rock is the 31st largest City in Texas and it has a host of major employers, including Sears Teleserv, Emerson, Dell, and Texas Guaranteed Student Loan. Approximately 17.3 percent of the area’s population is between the ages of 25 and 34, and SBA loans per capita are $225. There are 4.69 businesses per 100 residents. The unemployment rate in the area is 3.5 percent, and the median household income is $67,195.

Salt Lake City, Utah: SLC is the populous municipality in the Utah and it’s known for its air quality, low cancer rates, and the number of gym memberships. Approximately 16.3 percent of the area’s population is between the ages of 25 and 34, and SBA loans per capita are $202.  There are 5.31 businesses per 100 residents. The unemployment rate in the area is 2.8 percent, and the median household income is $65,792.

Minneapolis-St. Paul-Bloomington, Minnesota: Known as the Twin Cities or the Cities, these cities have made successful transitions to high-technology, service, finance, and information economies over the last few decades. Approximately 15.6 percent of the area’s population is between the ages of 25 and 34, and SBA loans per capita are $192. There are 5.33 businesses per 100 residents. The unemployment rate in the area is 3.3 percent, and the median household income is $71,008.

Boulder, Colorado: Boulder is the high-ranking when it comes to well-being, quality of life, education, art, and health, and it’s long been a destination for scholars because the state’s’ largest university calls Boulder home. Approximately 13.2 percent of the area’s population is between the ages of 25 and 34, and SBA loans per capita are $180. There are 7.47 businesses per 100 residents. The unemployment rate in the area is 2.4 percent, and the median household income is $72,009.
If you’re interested in learning more about the best destinations for growing a business, check out the following the following articles published on Entrepreneur and Livability.