Local News

Triangles Rank Among Magazine's Top Hot Places For Entrepreneurs

Posted August 30, 2006

— Charlotte and Raleigh-Durham-Chapel Hill rank second and third among large metropolitan areas in the U.S. as hot cities for entrepreneurs,

Entrepreneur

magazine reports in its latest issue.

Mecklenburg County ranks first among large counties and Wake County ranks fourth, the magazine adds.

Among states, North Carolina ranks seventh.

Overall, the Carolinas and Georgia fared well in the series of rankings that are based on data gathered by the National Policy Research Council for its "Entrepreneurial Activity Index".

Charleston, S.C., ranked second among midsized cities for entrepreneurs, and South Carolina ranked fifth as a state. Georgia placed 20th.

Among small cities, Wilmington and Greenville, N.C., ranked 14th and 16th, respectively.

The top 10 for large cities was led by Phoenix. After Charlotte and the Triangle came Las Vegas 4th, Austin 5th, Washington-Baltimore 6th, Memphis 7th, Nashville 8th, Norfolk-Virginia Beach-Newport News 9th and San Antonio 10th.

Atlanta ranked 21st.

Midsized city rankings included Columbia, S.C. 8th, Greenville-Spartanburg-Anderson, S.C., 12th and Augusta, Ga.-Aiken, S.C., 33rd.

Myrtle Beach, S.C., ranked 26th and Florence, S.C., 32nd among small cities followed by Fayetteville, N.C., 38th and Asheville, N.C., 40th.

Georgia counties cracking the top "large county" list included Fulton 8th, Gwinnett 19th, Cobb 33rd and DeKalb 39th.

The National Policy Research Council data is based on business formation (percentage of business formed between 4-14 years ago and with five or more workers) and growth of those young businesses. The information is combined to produce entrepreneurial rank.

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