According to LinkedIn data, Atlanta is considered the leading city in the United States for aspiring entrepreneurs, with a remarkable 92% increase in individuals starting their own businesses. Atlanta's rapid growth is attributed to its strong employment rates and reputation as a favorable city for launching careers, as reported by Fox 5 Atlanta and Wallethub.

 

Following closely behind is Austin, Texas, which has also experienced a surge in entrepreneurship, attracting residents from expensive cities like San Francisco and New York due to its pleasant climate, affordable cost of living, and lack of state income tax. Austin has seen an 84% increase in entrepreneurs in just one year.

 

Seattle completes the top three, with a notable 75% year-over-year increase in its entrepreneurial community. Its thriving tech industry provides a fertile environment for aspiring entrepreneurs to establish their startups.

 

The top 10 cities witnessing a rapid increase in entrepreneurship, as determined by LinkedIn, are as follows:

 

1. Atlanta
2. Austin, Texas
3. Seattle
4. San Francisco
5. Chicago
6. Boston
7. Miami-Fort Lauderdale
8. New York City
9. Los Angeles
10. Denver

 

George Anders, LinkedIn's senior editor at large, suggests that both Atlanta and Austin are attracting a significant number of newcomers who see these cities as prime locations for career advancement, family life, and work-life balance. These newcomers, unfamiliar with established businesses, present an advantageous customer base for new entrepreneurs to explore.

 

The Global Entrepreneurship Monitor report indicates that nearly 20% of adults in the United States are either in the process of starting their own businesses or have already done so within the past three and a half years. This surge in entrepreneurship, even in the aftermath of the pandemic, is viewed as a positive sign for innovation, job creation, and the overall competitiveness of the country, according to Donna Kelley, a professor at Babson College and lead author of the report.