Attention entrepreneurs: Tacoma ranked among the top 10 best college towns for starting a business. That’s according to a new study by international telecommunications provider TollFreeForwarding.com.
“Your environment can play a huge role in the likelihood of your startup business being a success,” said Jason O’Brien, COO of TollFreeForwarding.com. “Everything from local tax rates to the cost of living contributes to how difficult it is to get a business off the ground. Our research sought to provide budding new entrepreneurs with data on how suited their college town is as the base of their new business.”
Each town was ranked based on six factors to starting a new business:
- Percentage of opportunity entrepreneurs
- Percentage of startups that survive the first year
- Average rental price of office space
- Business tax rate score
- Future job growth
- Cost of living
Tacoma ranked ninth overall in the study. It’s success is largely due to its percentage of opportunity entrepreneurs, as well as above average future job growth and startup survival rates. The downfall in Tacoma’s score is in the cost of living, which brought down the city’s ranking to ninth. For the full results of the study, visit this website.