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California Business Journal
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NO SURPRISE: NUMBER OF CALIFORNIA STARTUPS RISING

by Rick Weinberg, Editor in Chief, California Business Journal
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ca bearCalifornia in Top 3 in U.S. as Business Startups Rise in Nearly Two-Thirds of States

By Joyce M. Rosenberg, Associated Press

Nearly two-thirds of U.S. states had an increase in new businesses last year, as did a majority of the metropolitan areas studied by the Kauffman Foundation.

Thirty states saw gains in business startups, with larger states showing the biggest increases. The top five were Texas, Florida, California, New York and Colorado. Eleven smaller states saw a decline in new companies.

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Twenty-three out of the 40 metro areas tracked by the foundation also showed gains. The areas with the highest number of new companies were Austin, Texas; Miami, Los Angeles, San Francisco and Las Vegas.

Calif beachThe geographic breakdown, released last week, offers more details from the foundation’s report in June that the national rate of entrepreneurship rose in 2015, ending a decline that began in 2010.

“While there is considerable variation from one locale to the next, the aggregate data bodes well for business startup activity around the country,” said Arnobio Morelix, an analyst at Kauffman, which conducts research on entrepreneurship and education.

Read online article here

Tags: AustinCaliforniaeducationLas VegasLos AngelesNew YorkRosenbergSan FranciscostartupsTexas
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Rick Weinberg, Editor in Chief, California Business Journal

Rick Weinberg, Editor in Chief, California Business Journal

Rick Weinberg is Editor-in-Chief at California Business Journal. He is a well-known writer, reporter and on-air talent who has worked for the New York Times, FOX and ESPN. He launched California Business Journal to focus on California businesses and business professionals as well as California business news and information. Contact: Rick@CalBizJournal.com / 949-648-3815

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Throughout the pandemic, many large corporations became unhinged and surprisingly turned to the successful startup blueprint to confront problems across the enterprise and meet growing demand
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