Austin Tops Small Business Vitality Survey (wages, moving, pool)

[CptnRn]

Austin at the top of another list:

Austin Tops Small Business Vitality Survey - Business News - Portfolio.com (http://www.portfolio.com/business-news/2010/01/18/austin-tops-small-business-vitality-survey/ - broken link)

No major state has weathered the recession more successfully than Texas. So it’s logical that the best place to launch a new business would be a prominent Texas metropolitan area.

The nation’s top score for small-business vitality, according to a new Portfolio.com/bizjournals study, belongs to Austin, the state's capital and the center of a thriving metro with 1.7 million residents. A six-part formula was used to analyze the nation’s 100 largest metros, looking for the places that are most conducive to the creation and development of small businesses

Here is the ranking http://www.portfolio.com/resources/s...ality-2010.pdf

[tongpa-nyi]

This makes sense. There's a strong commitment by some in Austin to support local businesses but, more important to starting a business, there's an excellent pool of talented potential employees. For start-ups, recent UT grads are easy pickings. They're often eager to work for low wages because they want to stay in Austin. The growth rate is also a factor, so many people moving here to start a new life. Unfortunately that growth rate is perpetuated by all these lists ranking Austin so highly, and it won't be long before today's newcomers will be lamenting the loss of the "old Austin" they loved from "way back in 2010."