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MOUNT PLEASANT, SC (April 9, 2009) - BusinessWeek recently announced MOUNT PLEASANT as the best city for starting up a business in SC. Using patent-pending technology by ZoomProspector.com, BusinessWeek determined the list using a variety of demographic, business, and geographic variables that impact the probable success of a business start-up.
Due to the current recession, start-ups are an even more important source of jobs and economic growth in cities across the nation. In 2001, during the last recessionary period, 569,750 new companies were launched in the USA, which is about one every 55 seconds. During a recession many who are laid off start their own companies instead of working for someone else.
BusinessWeek searched cities across the United States, with populations ranging from 20,000 to 200,000 people, to compile its list of the best place to start a business in each state. “Bigger isn't always better when it comes to selecting a place to start a company,” according to the article by John Tozzi and that “Startups also found skilled workers—especially younger ones—drawn to the perception of a higher quality of life.” The rankings were calculated and “The analysis weighed 11 factors to gauge an area's entrepreneurial climate, including the number of small businesses and startups, the quality of the workforce, how many universities were in town, and measures of innovation such as the number of patents issued and the amount of venture capital invested.”
“According to the analysis conducted by BusinessWeek using ZoomProspector.com, MOUNT PLEASANT came out as the top place to start up a business in SC,” said Anatalio Ubalde, CEO and Co-Founder of ZoomProspector.com. “BusinessWeek is one of the most respected business publications and this recognition should highlight the economic development efforts in MOUNT PLEASANT.”
Mayor Harry M. Hallman, Jr. and Mount Pleasant Town Council are enthusiastic about earning the top rank on this national business list. “We are delighted to have received this distinction,” said Mayor Hallman, Jr. “The Town of Mount Pleasant has proven to be an outstanding location for business, offering a highly desirable lifestyle to attract and retain key employees, while providing an available highly skilled regional workforce. Competitive costs of business, a pro-business attitude and attractive financial incentives highlight Mount Pleasant as a prime location for relocating, expanding, emerging and start-up operations. The public investment we are making with our infrastructure is undoubtedly going to create a tremendous incentive for new business start-ups in Mount Pleasant.”
The BusinessWeek article, written by John Tozzi is available online at http://www.businessweek.com/smallbiz/content/mar2009/sb20090327_385972.htm. The profile of demographic and business data for Mount Pleasant is available at http://zoomprospector.com/CommunityDetail.aspx?id=23529&f=1.
For more information on the rankings and report contact:
Anatalio Ubalde
GIS Planning Inc. & ZoomProspector.com
Direct: (415) 294-4771
ubalde@gisplanning.com
For more information about economic development in Mount Pleasant contact:
Ashley McKenzie, Community Development and Tourism Officer
The Office of Community Development and Tourism
100 Ann Edwards Lane
Mount Pleasant, SC 29466
(843) 884-8517
amckenzie@townofmountpleasant.com
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