Industryweek 6212 Siliconvalley 1

Why Entreprenuers Choose Certain Locations

Feb. 20, 2014
Entrepreneurs at fast-growing firms usually decide where to live based on personal connections and quality of life factors many years before they start their firms.

Of the many reasons an entreprenuer might pick a certain city to launch their grand idea, it turns out that it’s the lifestyle factors that play the largest role.

A study by Endeavor Insight called “What Do the Best Entrepreneurs Want In A City?”, based on surveys and interviews with 150 founders of some of the fastest growing companies in the U.S.,  found some interesting results:

•Entrepreneurs at fast-growing firms usually decide where to live based on personal connections and quality of life factors many years before they start their firms.

•These founders value a pool of talented employees more than any other business-related resource that cities can offer.

•Access to customers and suppliers is the second most valuable business-related resource that cities can provide, according to these entrepreneurs.

•The founders in our study rarely cite low tax rates or business-friendly regulations as reasons for starting a business in a specific city.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!