Irvine Ranked Nation's 6th Top Entrepreneurial City for Small Business

Wednesday, June 02, 2021

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Alliance Virtual Offices has ranked the most entrepreneurial cities in the U.S. based on access to resources to help small enterprises succeed.   

The group analyzed small businesses-friendly metro areas across the nation, "some due to their strategic geographic locations, others for the sheer number of growing industries, and others yet for the city or state’s favorable tax climates and initiatives."  

At number six, the report says: Irvine is the economic pulse of Orange County—and for good reason. Situated near other West Coast urban centers like Los Angeles and San Diego, this master-planned city is serious about business. Several Fortune 500 companies call it home, and it’s also a hub for tech companies.  

With more than 15 percent of the working population in professional, scientific, or technical services—as well as 8 percent in finance—these types of industries are proving to be great areas of growth if your company is in one of these sectors.   

So, where does your small business fit in? Starting a small business here is made easier with the state’s tax credits and business incentives, such as the California Capital Access Program, which incentivizes banks to lend to small businesses, and the Loan Guarantee Program, which helps businesses receive loans and funding from banks throughout the state. These loans can help your business thrive in this entrepreneurial city, by providing the capital to afford start-up costs, inventory, expansion, lines of credit, and more.  

Top 14 ranked cities:

  1. New York City, New York
  2. Miami, Florida
  3. Houston, Texas 
  4. Los Angeles, California 
  5. Dallas, Texas
  6. Irvine, California  
  7. Phoenix, Arizona
  8. Newport Beach, California
  9. San Diego, California  
  10. Boca Raton, Florida  
  11. Fort Lauderdale, Florida 
  12. Naples, Florida  
  13. Plano, Texas 
  14. San Antonio, Texas 

 

 

 

Category: Business Excellence, Entrepreneurism, Irvine, Economic News