Tuesday, March 30, 2010

“College towns make the grade with entrepreneurs”

Missoula, Montana

Here’s yet further research that college towns are key centers for economic development, in the following AP article: College towns make the grade with entrepreneurs. The standard reasons why college towns are attractive to entrepreneurs: - A lower cost of living/working in small college towns than in big cities - Educated young workers without salary demands, sometimes enough to compete with outsourcing (ie home-shoring) - High quality of life, fueled by vibrant nightlife, recreation and a progressive mindset - Recessions aren’t as severe because students already pretty much have a minimal fixed income ...and one that hasn’t been mentioned previously on this website: Young, open-minded, tech-centric consumers - these natural ‘early adopters’ are an ideal (almost necessary) target market for a new company introducing an innovative product or service.

Some of the ‘hot’ college towns listed in the article:

Madison, WI - University of Wisconsin; Missoula and Bozeman, MT - University of Montana and Montana State University; Fayetteville, AR - University of Arkansas; Fort Collins, CO - Colorado State University

Posted by Neil Takemoto

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