Arlington named No.1 city in the U.S. for young entrepreneurs
- November 19, 2014
Personal finance website NerdWallet has named Arlington the No.1 city in America for young entrepreneurs. Arlington was the only city in the commonwealth that made the Top 20 list.
Other cities in the Top Five were Madison, Wis. (No. 2); Lincoln, Neb. (No.3); Minneapolis, Minn. (No. 4) and Denver, Colo. (No. 5).
Arlington snagged the top spot thanks to its “large young and well-educated population,” NerdWallet says. It boasts the highest percentage of 25 to 34 year olds in the U.S. and is home to the nation’s most residents over 25 years old with a bachelor’s degree or higher (at least 74 percent). Arlington also has high per capita income and low unemployment, NerdWallet says.
To compile the list NerdWallet examined at cities access to funds; networking and mentorship; local economy and affordability.