A joint study released by Fortune Small Business magazine and the Ewing Marion Kauffman Foundation recently named the 50 best places in the U.S. to launch a business. Specifically, Oklahoma City was selected as the best large city with Huntsville, AL, listed as the top medium-sized city and Billings, MT, chosen as the leading small city. "More than ever, cities are facing a new imperative to boost their economies," said Robert E. Litan, vice president of research and policy at the Kauffman Foundation. "We hope community leaders will use this report as they make policy and programming decisions that will either reinforce or create successful entrepreneurial cultures."
While the best launch sites are scattered across the country, the highest ranked cities are generally east of the Mississippi River. Following Oklahoma City, the rest of the top 10 are: Pittsburgh, Raleigh, Houston, Hartford, Washington, DC, Charlotte, Austin, New York City and Baltimore. Eight of the top listed cities are in the state of Texas, including El Paso, Lubbock and Midland. Largely because of a high home foreclosure rate, there are no California cities on the list.
The survey ranked cities on a number of factors, including local investment potential, standard of living, tax rates and talent base.