News

NO SURPRISE: NUMBER OF CALIFORNIA STARTUPS RISING

California in Top 3 in U.S. as Business Rise in Nearly Two-Thirds of States

By Joyce M. Rosenberg, Associated

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.

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, and Las Vegas.

The geographic breakdown, released last week, offers more details from the foundation’s report in June that the national rate of 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 and education.

Read online article here

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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