Picture Source: google.com
The Midwest is buzzing, and it's being driven by a national VC industry that's hit a record high (the highest since the dot-com era). Since 2013, Ohio-based venture capital funds have raised nearly $1 billion in new capital, and over 70 percent of those dollars were raised by Columbus-based investors.
Some of the major reasons why so many start-ups are choosing the Midwest to open up shop is
because of the following:
1. Population and innovation concentrations
2. The tools, resources and funds required for business success are readily available for entrepreneurs
3. Low business costs incentivize companies to grow
4. Business success stories boost local confidence
|