When people think of cities that spawn innovation, Silicon Valley, New York and Chicago might spring to mind. But according to a just released study by the not-for-profit Kauffman Foundation, more great entrepreneurs come from else where.
After analyzing 30 years’ worth of Inc 500 lists, the Kauffman Foundation found that the Washington, DC is actually the place most entrepreneurs come from. “The nation’s capital has been home to more Inc 500 companies than any other major metropolitan area. In the decade beginning in 2000, Washington, D.C. was home to 385 Inc 500 firms. By state, California and Texas rank highest in the number of Inc 500 firms they’ve produced,” reports Inc.com. The state of Virginia, which has only the 12th largest population, came in number three, followed by Massachusetts.
In terms of cities, tops for innovation included Indianapolis, Buffalo, Baltimore, Philadelphia and Louisville, KY.
Do you live in one of these entrepreneurial cities? Are you seeing a lot of innovative activity?