Oregon Ranks Among Best for Entrepreneurs
Wednesday, November 04, 2015
A new study finds the Oregon is a superior place to be an entrepreneur in America, The states in the Pacific northwest finished #1 Washington, #3 California, and #5 Oregon.
According to the study, “Entrepreneurship is a cornerstone of the American economy, and it has reached record heights in recent years. Becoming an entrepreneur is a dream for many Americans; two in five employees hope to someday strike out on their own.” The desires of Americans was unveiled by a survey from the University of Phoenix Business School.
GOBankingRates argues that “starting a business is a serious undertaking, and part of launching a company means getting an idea of how well your state fosters new businesses and startups.”
Here is what they reported about Oregon:
Oregon scored well for small business lending due to its high ratio of 80.2 loans per 1,000 small business employees. This ratio indicates that entrepreneurs can gain easier access to funding in Oregon than they would in most states. Oregon small businesses also benefit from low business taxes, and a higher-than-average GDP per capita indicates a strong local economy with high productivity. These factors put Oregon at No. 5 among the best states for entrepreneurs.
Oregon fell behind in a couple of categories, including a higher cost of living that can drive up costs for businesses. The state also had a lower-than-average rate of new startups.
Related Slideshow: Slideshow: Oregon Receives Average Ranking for Business Climate
The state of Oregon is neither the best nor worst state to run a company, according to data pulled from nationwide business publications and testimonies from Oregon business owners.
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