Marcus Hiles - On Austin Being the Top Place for Startups in America

Marcus Hiles – On Austin Being the Top Place for Startups in America

Austin is overall proving to be a city of innovators and risk-takers. The Kauffman Index, produced by the Ewing Marion Kauffman Foundation, is a key measurement of entrepreneurship on the national, state and metropolitan levels.  By factoring three metrics – the rate of new businesspersons, the number of those who started their companies when unemployed, and the number of startups per capita – they develop an annual gauge. According to the data, roughly 555 out of every 100,000 adults in the Austin region became entrepreneurs in any given month during the past five years, on average. They have placed the startup rate at 180 new businesses – less than a year old and employing at least one other person besides the owner – per 100,000 residents.

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