Thursday, December 4, 2014

Study: Young Entrepreneurs Have More Support in Pittsburgh


A new study by NerdWallet found that it is easier for young entrepreneurs to pursue and fund their business ventures in Pittsburgh than in many other US cities. In the list, Pittsburgh was listed as the 13th best region for entrepreneurs that are aged 25-34. There are a number of things that can contribute to the high ranking like access to business loans, the tech boom in the city and the numerous startup accelerators like RCI that support entrepreneurs.  The study found that:
"Broadening the gap between the cost of living and how much people earn I think in the long run will become the most important issue for everyone in the region, particularly young entrepreneurs,” he said. 
Networking, which was tied to the percentage of the population 25 and older with at least a bachelor’s degree, and access to mentors, which was tied to the number of businesses per 100 people in a city, were also deemed critical to small business success.
“I’m coming from the Colorado [area], which has a very robust startup scene, and they’ve got nothing on Pittsburgh,” said John Mason, director of entrepreneurial studies at Duquesne University’s Palumbo Donahue School of Business.
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