When it comes to the number of people starting new businesses each month, Las Vegas topped at least 35 other metro areas in 2015, writes Nicole Raz for the Las Vegas Review-Journal.
Raz reports an analysis of startup activity across 40 metro areas and all 50 states released by the Kauffman Foundation found Las Vegas trailed only Austin, Texas, Miami, Los Angeles, and San Francisco. In fact, the report found startup activity in Las Vegas jumped from 72.7 percent in 2014 to 77.4 percent in 2015,.
A 5 point percentage point jump in startup activity is noteworthy, but not surprising, said Janet Runge, from the Center for Entrepreneurship at UNLV. “As we’ve come through the economic downturn there’s a whole lot of activity going on, certainly with (autonomous car manufacturer) Faraday Future and (human transport system) Hyperloop, and everything that’s happening with drones,” she said.
The economy has bounced back to a point where people can now afford to try new ventures, she said.
“Out of every 100 new entrepreneurs (in Las Vegas), 77 of them are starting new businesses primarily driven by opportunity versus necessity,” said Arnobio Morelix, senior research analyst at the Kauffman Foundation. “Vegas also experienced an increase in startup density. That has gone up from 116 startups for every thousand new businesses, to 120.8 startups for every thousand businesses.”
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