Denver takes No. 5 position on NerdWallet's list of best cities for young entrepreneurs

By: InnovatioNews Thursday November 20, 2014 0 comments Tags: Denver, NerdWallet

 

DENVER - Denver was rated No. 5 on NerdWallet's Top 10 best cities for young entrepreneurs.

The cities were rated based on access to funds, networking and mentorship, local economy and affordability.

Other factors included percent of population 25-34, per capita income, unemployment and cost-of-living.

NerdWallet specifically noted Denver's young population, low unemployment and the Jake Jabs Center for Entrepreneurship at the University of Colorado-Denver as the basis for its No. 5 position on the list.

The Top 10 cities were:

• No. 1--Arlington, Va.


• No. 2--Madison, Wis.


• No. 3--Lincoln, Neb.


• No. 4--Minneapolis, Minn.


• No. 5--Denver


• No. 6--Seattle, Wash.


• No. 7--Austin, Tex.


• Nov. 8--Oklahoma City


• Nov. 9--Plano, Tex.


• Nov. 10--Omaha, Neb.

 

The report noted that California cities, although home to many of the biggest tech giants of the past decade, scored poorly for young entrepreneurs, with San Francisco scoring highest at No. 23.