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What Cities Have The Best Growth For Startup Businesses?

What Cities Have The Best Growth For Startup Businesses?

By Ryan Velez

Location means a lot when starting a business. This includes having a potential customer base that is interested in your product and ready to spend, as well as having resources on hand that can help build your business up. These aren’t all created equal, though, as Black Enterprise has the data on the 10 U.S. cities that are the most startup friendly.

The data comes from a new survey done by Robert Half Technology. According to the survey, 56% of U.S. Chief Information Officers (CIO) say they’ve seen more startups moving to 10 specific cities within the past year. These 10 cities in question are New York, Charlotte, San Francisco, Atlanta, Washington, D.C., San Diego, Seattle, Cleveland, Detroit, and Phoenix. The CIOs also reported that living in a location with a high quality of life is another important factor driving them to these areas.

To reach these conclusions, Robert Half asked more than 2,600 CIOs in 26 metropolitan locations to list all of the factors contributing to startup and business growth in their area. Eighty-three percent said more technology candidates entering the job market; 82% said the city has become more innovative; 80% named an increased hiring of IT professionals in the area; and 77% said an increased ability to hire full-time due to more candidates in the area. Only 41% said a decreased ability to hire due to competition and not being able to stay competitive with salaries.

“Startup growth and expanding opportunities for technology professionals go hand in hand, and it’s encouraging to see it happening in many areas across the country,” said Jeff Weber, executive director of Robert Half Technology, in a statement. “Entrepreneurs want to be where there is access to talent, but they must also have strong infrastructure support, network partners and backing from the community. Similarly, tech workers want to be where the most innovative organizations are, but they also seek cities that are highly livable and have much to offer outside the office.” Several of these cities, like Detroit, Atlanta, and Washington D.C., are known for the high Black populations they have. Building a business network is important, and some black entrepreneurs may want to set up shop in these cities not just for general benefit, but the chance to have more black partners and mentors to work with.

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