Low costs combined with robust private and public support make Oklahoma City one of the 10 best cities in America to start a business, according to a recent report by Kip
According to the report, “Oklahoma City entrepreneurs have two big advantages over business owners elsewhere: Midwestern startup costs are low, and government support for business is strong.”
The report also touted Oklahoma City-based i2E, a nonprofit incubator that helps startup companies, and its ability to attract some $35 million in investment.
The metro area's economic outlook remains positive, the magazine said, despite the issues still impeding the national economic recovery. The Oklahoma City area's unemployment rate of 4 percent is the lowest of any large U.S. city.
Oklahoma's economy entered the recession later than much of the country, but emerged at the same time as the nation, while recent employment growth has outpaced much of the nation, the report said. The economic upheaval of the last five years has led large numbers of professionals from shaky corporate jobs to small business ownership, the report said.
The other 10 cities in the Kiplinger report were Houston; Indianapolis; Raleigh, N.C.; St. Louis; Seattle; Minneapolis; San Francisco; Washington, D.C.; and Tampa, Fla.