Greater Oklahoma City Chamber - OKC: No. 1 city to start a business, Kiplinger says

OKC: No. 1 city to start a business, Kiplinger says

OKC NO. 1 AMONG "10 CITIES THAT ARE HOT SPOTS FOR BUDDING ENTREPRENEURS." STATE TAX INCENTIVES PROGRAMS HELPED GIVE OKC THIS RANKING.

Wednesday, October 29, 2014

From Kiplinger.com

In compiling a list of "10 Great Cities for Starting a Business," Kiplinger put Oklahoma City first on the list.

"Affordability is one of the area's main draws," the financial magazine wrote about Oklahoma City on its website. "Coupled with low living costs (it's on our list of America's most affordable big cities), business costs that are 4.9% lower than the U.S. average prove very attractive to budget-minded business owners."

Kiplinger also cited Oklahoma's incentives programs that help offset some of the state's taxes as one of the key draws for businesses."

"For example, Oklahoma's "quality jobs" incentive programs offer cash back to companies for creating new positions that pay better than the county's average wage," the story stated. "See the Greater Oklahoma City Partnership for more details on current incentives. Also visit www.i2e.org, a business accelerator focused on Oklahoma entrepreneurs. One of its initiatives, GrowOKC Fund, targets existing small businesses based in the capital city. It provides selected entities with investments of $100,000 to $250,000 to fuel their growth."

Read more, including a list of other cities on this list of 10 "hot spots for budding entrepreneurs," at kiplinger.com.