Market Blog

Austin is the No. 1 American City to Start a Business

Austin is attracting increasingly more talent and more startups growing four times faster than most parts of the Silicon Valley, according to Inc. Magazine’s Surge Cities Index Analysis.

Americans are commonly drawn to Austin for its lively music culture, affordable living, well-educated group of people, and all-around fun atmosphere. However, now so more than ever, people who come to Austin are career-driven entrepreneurs. Successful companies are consistently relocating their headquarters to the Texas capital, including clothing company Outdoor Voices and venture capital firm Mithril Capital.

Big companies, such as Google, Amazon and Apple, are also increasing their presence in Austin, and the popular South by Southwest festival brings in hoards of people every spring while showing itself off to America’s startup elite.

“The result: thriving startup scenes in food and drink, computer hardware, enterprise software, and--increasingly--consumer tech. Austin still has lots of live music, but today the city's creative class is creating business as much as art.”

Inc. | Surge Cities

Other cities in the top 5 included Salt Lake City, Utah, at No. 2, and Raleigh, North Carolina at No. 3.

[Via Inc.]

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