Advertisement
Canada markets open in 2 hours 24 minutes
  • S&P/TSX

    22,259.16
    -31.46 (-0.14%)
     
  • S&P 500

    5,187.67
    -0.03 (-0.00%)
     
  • DOW

    39,056.39
    +172.13 (+0.44%)
     
  • CAD/USD

    0.7285
    -0.0003 (-0.05%)
     
  • CRUDE OIL

    79.78
    +0.79 (+1.00%)
     
  • Bitcoin CAD

    83,353.43
    -2,424.36 (-2.83%)
     
  • CMC Crypto 200

    1,319.12
    +19.02 (+1.46%)
     
  • GOLD FUTURES

    2,318.80
    -3.50 (-0.15%)
     
  • RUSSELL 2000

    2,055.14
    -9.51 (-0.46%)
     
  • 10-Yr Bond

    4.4920
    +0.0290 (+0.65%)
     
  • NASDAQ futures

    18,134.50
    -52.00 (-0.29%)
     
  • VOLATILITY

    13.25
    +0.25 (+1.92%)
     
  • FTSE

    8,363.26
    +9.21 (+0.11%)
     
  • NIKKEI 225

    38,073.98
    -128.39 (-0.34%)
     
  • CAD/EUR

    0.6786
    +0.0010 (+0.15%)
     

These are the 10 best cities in the US to be a millennial entrepreneur, according to a hot startup valued at $1.3 billion

boise idaho
boise idaho

Millennials grew up in the shadow of the 2008 crash, and perhaps because of that, they don't tend to trust institutions.

This might be one of the reasons that they are so predisposed to start their own businesses — plus maybe the fact that they can't find a job. According to one recent report, over a quarter of millennials in the US are self-employed. And this study claims they are creating a whopping 160,000 startups per month.

Of course, that doesn't mean they've all found success. So where are the best places for millennials to start these new businesses?

ADVERTISEMENT

Thumbtack, a $1.3 billion startup that matches professionals (like plumbers or personal trainers) with prospective clients, has crunched the data to find out. 

Thumbtack researchers looked at a survey of 18,000 small business owners, which assessed how friendly an area was to local businesses. They then looked at a subset of 3,726 responses from entrepreneurs aged 34 and under.

The results of the two groups differ in some remarkable ways.

Some cities like Birmingham, Alabama, and Boise, Idaho are much more friendly to young entrepreneurs than to the overall business community. 

Here are the top cities in the US for both millennial entrepreneurs and entrepreneurs in general:

Screen Shot 2015 09 18 at 12.05.52 PM
Screen Shot 2015 09 18 at 12.05.52 PM

NOW WATCH: Why we have to give our business partners the power to destroy us