Austin Ranks First in Startups Says Foundation

Austin was ranked number one of metro areas experiencing an increase in startup activity.

AUSTIN, TX—A majority of US states and metro areas are experiencing higher rates of new business creation, following the national trend, according to the 2016 Kauffman index of startup activity state and metro trends data released by the Ewing Marion Kauffman Foundation. Including Austin, ranked number one, 23 out of the largest 40 metro areas experienced an increase in startup activity.

“These reports are critical to solving the puzzle of why entrepreneurship thrives in some places and not in others,” said Victor Hwang, vice president of entrepreneurship at the Kauffman Foundation. “Policymakers, practitioners and entrepreneur support organizations can use the findings as tools to take the pulse of their local ecosystems to strengthen startup activity.”