10. Los Angeles, California
There are between 3,700 and 4,600 start-ups in Los Angeles, according to Startup Genome report, which ranks the city as the ninth best place in the world for start-ups. The city also ranks better than previously mentioned Miami on WalletHub’s list where it occupies the 33rd place. It would rank much higher if WH did not take into account costs of business (labor force costs, office space costs, costs of living, corporate taxes) which are among the highest in America. Still it is worth noting that companies do not pay taxes during first two years of existence in LA. Finally, Kauffman places the City of Angeles on the third spot mainly because of a high rate of new entrepreneurs.
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