Portland makes list of best cities for young entrepreneurs in 2018

Portland makes list of best cities for young entrepreneurs in 2018

For young entrepreneurs, their environment can be definitive of how their business or startup does—it can make or break their business ventures. The young entrepreneur of today is no longer looking for the same thing that was sought after in generations passed, and this can be reflected in the cities they have flocked to in recent years. For those still at the beginning stages of their careers, it’s important that they find an environment that can foster the type of like-minded support they need to achieve optimal success on their journey to startup success.

Portland, Oregon

Idea Exchange
Among the best cities for young entrepreneurs in 2018 is the city that Forbes magazine gave the top spot in their 2017 ranking of the Best Places for Business and Careers. Portland was also ranked by WalletHub as seventh best city, out of 182 cities in the U.S., for employment in 2018. Rip City is also home to about 150,000 college students, which makes it an ideal place for exchanging business ideas.

Talent Pool
Those seeking to launch their own business or startups will find plenty of grads and undergrads ready to help in the process. It’s a promising city; even Google opened its first office in Portland last year and, in doing so, joined the ranks of eBay, Salesforce, and Hewlett-Packard. The recent boom has even lead the city to have been given the nickname “Silicon Forest,” especially considering how much lower the cost of living is in Portland when compared to the San Francisco Bay Area.

“We are getting more tech entrepreneurs and people moving from California because the cost of living, relatively speaking, is much lower here. Early pioneers are calling friends and saying, ‘This is where you want to be," said Sandra McDonough, President and CEO of Portland Business Alliance.

Much of this can also be credited to venture capital funding hitting $283.4 million—the highest in five years—in 2015, wrote Kate Rogers of CNBC. Apart from its promise to help businesses thrive, the city earned its reputation as the greenest city in America years ago. This is an obvious draw for young entrepreneurs looking to stay healthy both mentally and physically by connecting with nature. A city so innovative in its quest to be the greenest it can be is a major draw for young entrepreneurs seeking the same type of success for their business.

Other cities listed:

  • San Francisco, CA
  • Austin/Round Rock, TX
  • Seattle, WA
  • New York City, NY

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