Riverside Ranks 4th Best City for Minority Entrepreneurs


(This article contains excerpts from the article written by Rose Leadem and published in www.entrepreneur.com on June 27, 2017.)

Some of the best cities for minority entrepreneurs are outside the Silicon Valley bubble.

Across all 50 states, Riverside ranked 4th among the top cities where minority business owners are flocking. From affordability to growth opportunities, Riverside is becoming an attractive tech hub for these entrepreneurs to set up shop.

Using data from the U.S. Census Bureau, the Center for Opportunity Urbanism and the Kauffman Index, B2B company Expert Market recently released its list of the top cities for minority entrepreneurs. To uncover the best places for minorities to live, work and launch a business, the study took into account a number of factors, including the opportunity share for new entrepreneurs, the rate of new entrepreneurs, startup density, economic opportunities for minorities, the number of minority-owned enterprises, startup costs and funding access.

Check out the top 10 cities for minority entrepreneurs below.

Ranking Factors

17.5% | Percentage of Companies Owned by Minorities

17.5% | Economic Opportunities for Minorities Index

15% | Rate of New Entrepreneurs

15% | Startup Density

15% | Startup Costs

10% | Access to Financial Resources

10% | Opportunity Share of New Entrepreneurs