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Columbia Named 2nd Best US Small City for Entrepreneurs


COLUMBIA, Mo. — Columbia has been voted the second best small city in America for young entrepreneurs by the readers of the website due to its high quality of life, low cost of living and outstanding financing and assistance resources for new businesses. Weighing factors like local resources, culture, atmosphere and overall appeal, Columbia found itself second only to Chattanooga, Tenn., which placed so highly due to its one gigabit-per-second, fiber optic internet connections.

Other factors that contributed to Columbia’s high rank include the presence of the three local colleges—the University of Missouri, Columbia College and Stephens College—that give the city a well-educated pool of potential employees. More than half of Columbians have a college degree and more than 70 percent of residents have had at least some college education, according to the 2010 census.

Columbia isn’t the only city where higher education plays an important role in being entrepreneur-friendly. Twenty-one of the list’s cities have major colleges or universities nearby to provide young, well-educated workers for new businesses. Another commonality among cities on the list is a low cost of living, as are financing and assistance options for startups.

Read the rest at teh Columbia Business Times