Silicon Valley is No Longer the Hottest Area for Startups

According to the latest annual Kauffman Index report, which measures entrepreneurship across the country, Silicon Valley has lost its title as the hottest hub for startups, moving to # 3 behind Austin ranked #1 and Miami/Ft. Lauderdale #2.
The index, which is managed by the Ewing Marion Kauffman Foundation, measures national, state and metropolitan levels of entrepreneurship, growth rates of new entrepreneurs and the number of startups per capita.
In this report, Kauffman focused on startup activity at the metropolitan area and city level. Key findings include:
  • In overall startup activity, all cities that ranked in the top 10 with the most startup activity in the 2014 Index remained in the top 10 in the 2015 Index.
  • Austin, Texas, came out on top in the rate of new entrepreneurs, followed by Miami and San Jose, Calif.
  • San Jose ranked highest in opportunity share, which measures the percentage of new entrepreneurs not coming out of unemployment. On the other end of the spectrum was Nashville, with the lowest percent opportunity share.
  • For startup density, which tracks new businesses rather than entrepreneurs, the measure stretched from the lower end – the Cincinnati, Ohio, metro area – to the high end – 247.6 startups per 100,000 people in metropolitan Miami.

This article is an extract from the Ewing Marion Kauffman Foundation. To read their full report click here.

 

John Frazier
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John Frazier

America's Entrepreneur Advocate at BizBuzz America
John's life's passion is helping the small business & entrepreneur community. As one of of the leading social media contributors on the entrepreneur topic, he nationally known as a catalyst for bringing about positive change and inspiring entrepreneurs. John is also the TV talk show host & producer for a new entrepreneur talk show BizBuzz America and is honored as one of the Top 100 Small Business Influencer Champions in North America for 2014 and 2015.
John Frazier
Follow Me

About the author

John Frazier
John Frazier

John's life's passion is helping the small business & entrepreneur community. As one of of the leading social media contributors on the entrepreneur topic, he nationally known as a catalyst for bringing about positive change and inspiring entrepreneurs. John is also the TV talk show host & producer for a new entrepreneur talk show BizBuzz America and is honored as one of the Top 100 Small Business Influencer Champions in North America for 2014 and 2015.

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