- Survey among 3,000 business executives to identify which cities they consider hidden gems for launching a startup.
- Wausau emerged in 63rd place overall.
- Infographic included.
Silicon Valley, NYC, and Austin are often seen as the go-to destinations for entrepreneurs aiming to launch a successful business. However, these cities are becoming increasingly saturated with startups. The high costs in particular can make it challenging for new ventures to thrive.
Across America, there are numerous smaller cities that offer unique advantages for launching a business. These cities provide a lower cost of living and a supportive business environment that can be ideal for online and innovative startups.
To uncover these under-the-radar hotspots, MarketBeat.com carried out a survey among 3,000 business executives to identify which cities they consider hidden gems for launching a startup.
The results of this survey allowed MarketBeat.com to compile a comprehensive ranking of hidden gem cities across America, showcasing the best locations for aspiring entrepreneurs to start their ventures and thrive.
#1 Sebring, Florida
Sebring distinguishes itself as a haven for startups, particularly in tourism and small manufacturing. Nestled among scenic landscapes and home to the famous Sebring International Raceway, this Florida gem boasts a supportive ecosystem for entrepreneurs. The Greater Sebring Chamber of Commerce leads the charge, offering vital resources, mentorship, and networking events. With its affordable living costs and strong community backing, Sebring’s natural beauty serves as an inspiring backdrop for budding businesses.
#2 Flagstaff, Arizona
Flagstaff thrives as a startup hub fueled by Northern Arizona University’s constant influx of talent and research opportunities. At the heart of this ecosystem lies the NACET incubator, empowering new ventures with essential resources, guidance, and funding connections. Entrepreneurs find themselves drawn to Flagstaff’s stunning natural setting and business-friendly atmosphere, making it an unexpected hotspot for innovation.
#3 Monroe, Louisiana
Healthcare, technology, and retail startups flourish in Monroe’s nurturing environment. Local pillars of support include the University of Louisiana at Monroe and the Monroe Chamber of Commerce, which offer crucial resources and networking platforms. Strategically located and boasting a lower cost of living, Monroe attracts entrepreneurs with its strong sense of community and growth potential.
#4 Scranton, Pennsylvania
Scranton cultivates fertile ground for healthcare, technology, and small business startups. Rich in history and opportunity, local initiatives spearheaded by the Scranton Chamber of Commerce and area incubators provide entrepreneurs with mentorship, funding options, and collaborative workspaces. The city’s strategic location and supportive community spirit create an ideal launching pad for innovative ventures.
#5 Round Rock, Texas
Round Rock serves as a hotbed for tech, healthcare, and small business startups within the dynamic Austin metro area. Entrepreneurs benefit from the synergy between the Round Rock Chamber and Texas State University’s local campus, accessing vital resources and support. The city’s vibrant economy, coupled with strong community backing, positions Round Rock as a prime destination for new business ventures.
#6 San Luis Obispo, California
Innovation and sustainability drive San Luis Obispo’s vibrant startup ecosystem. Anchored by California Polytechnic State University, the Cal Poly Center for Innovation and Entrepreneurship stands at the forefront, offering incubators, accelerators, and funding opportunities. Entrepreneurs are drawn to the city’s exceptional quality of life and supportive community, making it a beacon for forward-thinking startups.
#7 Akron, Ohio
Akron leverages its industrial legacy to pave the way for a new era of innovation in healthcare, technology, and manufacturing. The Bounce Innovation Hub and Greater Akron Chamber spearhead efforts to nurture startups, providing crucial resources and networking opportunities. With its affordable living costs and supportive community, Akron offers a unique blend of historical significance and future-focused entrepreneurship.
#8 San Angelo, Texas
San Angelo carves out its niche in the stxartup world by specializing in agriculture, healthcare, and small business ventures. Entrepreneurs find a wealth of support through the San Angelo Chamber of Commerce and Angelo State University’s Small Business Development Center. The city’s strategic position and tight-knit community create an environment where new businesses can take root and thrive.
#9 Florence, South Carolina
Florence distinguishes itself as a unique startup destination, particularly in healthcare, manufacturing, and small business sectors. Spearheading support efforts, the Florence Chamber of Commerce provides essential resources to nurture new ventures.
#10 Alpharetta, Georgia
Alpharetta secures its spot and rounds up the top ten by fostering a vibrant environment for startups, especially in the tech sector. The Tech Alpharetta Innovation Center and local incubators play pivotal roles, offering vital support through mentoring, funding, and coworking spaces. Its strategic proximity to Atlanta, coupled with a robust.
Wisconsin had 3 cities among the country’s top hidden gems for startups:
#63 Wausau
Wausau is an emerging hub for startups in healthcare, manufacturing, and small businesses. The Wausau Region Chamber of Commerce and the Wausau Entrepreneurial and Education Center provide resources, mentoring, and networking opportunities for entrepreneurs. Wausau’s strategic location, supportive community, and affordable cost of living make it an attractive destination for startups.
#73 Oshkosh
Oshkosh offers a supportive environment for startups in manufacturing, healthcare, and small businesses. The Greater Oshkosh Economic Development Corporation provides essential resources, including mentoring, funding, and coworking spaces. Oshkosh’s strategic location, supportive community, and lower cost of living make it an ideal location for new ventures.
#74 Stevens Point
Stevens Point offers a unique environment for startups, particularly in education, healthcare, and small businesses. The Portage County Business Council and the Small Business Development Center at UW-Stevens Point provide essential support, including mentoring, funding, and coworking spaces. Stevens Point’s strong academic presence, supportive community, and lower cost of living make it a hidden gem for new businesses.
Infographic showing the top 100 ‘hidden gem’ cities for startups
“As the startup landscape evolves, it’s essential for entrepreneurs to consider diverse locations that offer unique advantages,” says Matt Paulson, founder of MarketBeat.com. “Our survey highlights cities that not only provide cost-effective solutions but also foster supportive environments for innovation and growth. These hidden gems are proving that you don’t need to be in a traditional startup hub to achieve success.”
