The Sarasota-Manatee Region Tops A List Of Florida's Best Cities For Young People To Start Their Own Business Ventures.
The Sarasota-Manatee region topped a recent list by MoneyRates.com, a personal finance website, as the best Florida city for young people to start their own business ventures.
Charlotte County tied for seventh, one of the six Florida communities to make the top 10 list.
The ratings scored high population growth rates, education attainment, young adult affluence and the business tax environment. It did not consider such factors as affordable housing and job opportunities, two often discussed sore spots among the region's millennials.
Sarasota-Manatee and Charlotte were cited as places where an entrepreneur's investment might have the best chance of success.
"A common link is the state's favorable tax environment, which the Tax Foundation ranks as the fourth best in the nation," MoneyRates said of Sarasota-Manatee. " This particular community won the top spot overall by also finishing in the top 10 in each of the other three categories, including a third place ranking in young adult affluence.
The high rating for young adult affluence might puzzle some here, where long-stagnant wages are just beginning to show some growth. MoneyRates said young adults in the region are earning good enough incomes to be economic forces in the market, and have some money left over for savings. From the Sarasota-Herald Tribune.