The internet and the rise of digital technologies have revolutionized the business landscape. Never before have companies been able to emerge and grow so fast, with so little physical infrastructure. Today, entrepreneurs can identify a market opportunity, launch a website and start a business in a matter of months. New companies can connect with customers all around the world and scale up or down with astounding flexibility in response to market fluctuations. We live in the era of the startup, and this wave of innovative new companies is fundamentally transforming the way buyers and sellers connect.
However, this process has a lot of challenges and it is not easy. Therefore, it is important that governments support the growth of small business. This infographic looks at some of the most popular startup cities around the world to see how they are supporting new businesses to help their cities thrive.
We found that governments around the world have taken note of the economic gain for supporting startup companies, so there are countless incentive programs, grants and incubators launching to support the startup community, and a handful of startup cities have emerged today as global leaders in attracting startup investment.
The amount of Corporate Tax Rate is also a very important aspect to consider when it comes to starting a business. Nevertheless, New York and San Francisco have the highest percentage of tax rates and keep attracting entrepreneurs around the world due to the large number of public and private initiatives and investors.
Additionally, this compelling data includes the most famous startups of each city, the total number of registered business and the cost of estimated office rent per year.
Let’s take a look at the infographic below and see what each city has to offer.