Austin Ranked #2 for Hotspots for Entrepreneurs

Indeed, owning a business is often seen as a quintessential part of the American dream, embodying financial success and the freedom to pursue one's passion. It represents a path to financial independence and the opportunity to make a meaningful impact in the business world.

According to a new LinkedIn Economic Graph, Austin ranked #2 Hotspot for Entrepreneurs. It is a testament to the city's vibrant entrepreneurial ecosystem and a place to start and grow businesses.  Metro areas are ranked by growth in their Company Formation Index (CFI).  

Human Resources expert Laura Woolford said, “Austin’s entrepreneur-friendly environment creates a lot of opportunities for experienced specialists to provide a burst of strategic or tactical services at crucial times.  Even if it would be difficult for smaller companies to match her traditional annual pay, they can engage her on a shorter timescale as a consultant or as a “fractional chief people officer.”