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December 2014

Seattle a Top City for Young Entrepreneurs

December 2014 - NWREporter

Seattle is the country's sixth best city for young entrepreneurs, according to a recent NerdWallet study.

Arlington, Virginia, topped the list, with researchers citing its high percentage of educated young people, the highest per capita income in the nation and access to businesses in the Washington, D.C., area as factors in its No. 1 ranking.

NerdWallet based its rankings on access to funds, networking and mentorship, local economy and affordability, using seven criteria: commercial and industrial loans, number of businesses per 100 people, percent of population ages 25-34, percent of population 25+ with a bachelor's degree or higher, per capita income, Sept. 2014 unemployment rate, and cost of living index.

Seattle's score of 58.99 was just under Denver at 59.97.  Rounding out the top six list were Madison, Wisconsin (#2); Lincoln, Nebraska (#3) and Minneapolis (#4).

NerdWallet is a personal finance website that strives to "help consumers make smart financial decisions by putting knowledge in their wallets." It uses data-driven tools to crunch numbers and gather information to assist decision-making around finance, investing, education, shopping and health.

Based in San Francisco, the bootstrapped startup has more than 100 employees and anticipates doubling its size in the coming year.