2. Denver, Colorado
Denver is one of the rare places on this list that has recorded fall in Kauffman’s rankings. In 2015, the city occupied 5th place, a year later it slipped to 8th position while in 2017 it has 10th highest startup index activity. The main reason behind the fall is a drop in the number of entrepreneurs who start businesses because of favorable market opportunities and not because of necessity, such as unemployment. Still, Denver is also one of few places that both Forbes and CBS included among greatest startup hotbeds in America. WalletHub’s analysis shows that Denver has moderately high business costs but good access to financial and human resources.
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