In a new study, OnDeck analyzed LinkedIn profiles from across the U.S. to see which has “founder” in their job title and Scottsdale is officially among the cities with the highest proportion of business founders in America, with 217.9 in every 10,000 residents starting their own business.
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Have you ever had an idea for a business? Close to three in five Americans have at some point, but the vast majority of those would-be founders don’t go through with setting up their own firm, the biggest barrier being funding concerns.
But — echoing our nation’s entrepreneurial spirit — many others do follow through with their dream of starting their own business, and business happens to be very good; in 2022, five million new small business applications were submitted in the U.S., the second-highest rate since 2004.
As we’ve explored before, there are all sorts of reasons why someone might start their own business. Research shows that entrepreneurship might just be something you’re keenly wired for, too. But we wondered: does where you live make a difference in how likely you are to start a business? Are certain locations more entrepreneurial than others? Scottsdale business founders rank No. 4 in the nation.
To find out, OnDeck delved into LinkedIn’s data to discover the locations at home and all over the world that count the highest proportions of business founders per 10,000 workers.
