On the web The full list of the top 100 can be found online at https://www.marketbeat.com/originals/americas-top-100-hidden-gem-cities-for-startups/
HIGH POINT — A business-oriented website surveyed 3,000 business executives about cities they consider hidden gems for launching a startup, and High Point ranked 29th out of the top 100.
MarketBeat.com said that while Silicon Valley, New York City and Austin, Texas, are often seen as the go-to destinations for entrepreneurs launching a new business, these cities have high costs that can make it challenging for new ventures to thrive.
The site conducted its survey to find smaller cities that offer a lower cost of living and a supportive business environment that can be ideal for online and innovative startups, MarketBeat founder Matt Paulson said in a press release.
“As the startup landscape evolves, it’s essential for entrepreneurs to consider diverse locations that offer unique advantages,” he said. “Our survey highlights cities that not only provide cost-effective solutions but also foster supportive environments for innovation and growth. These hidden gems are proving that you don’t need to be in a traditional startup hub to achieve success.”
The top three cities were Sebring, Florida; Flagstaff, Arizona; and Monroe, Louisiana.
High Point was cited as a particularly good spot for startups in furniture manufacturing, design and small businesses, but for any new businesses one strength that the area shares with the top cities in the report is local resources that will support them, MarketBeat said in its release.
“The High Point Economic Development Corporation provides essential support, including mentoring, funding, and coworking spaces. High Point’s rich history, vibrant community, and supportive business environment make it a hidden gem for new businesses,” it said.