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Oklahoma City named one of the 50 best cities to start a business


Skyline of downtown Oklahoma City (Dan Snyder/KOKH)
Skyline of downtown Oklahoma City (Dan Snyder/KOKH)
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Oklahoma City is one of the best cities in the nation to start a business.

That's according to Inc. Magazine, who ranked the top 50 cities based on analysis from global research and strategy firm Startup Genome.

Oklahoma City ranked 39th in the nation, while Tulsa was ranked 47th.

While Oklahoma City ranked 39th overall, the magazine ranked OKC fifth in rate of entrepreneurship, 23rd in wage growth and 27th in job creation.

"Anchored by two major research institutes--the Oklahoma Medical Research Foundation and the Oklahoma University Health Sciences Center--this state capital is a hotbed for life sciences businesses. Though funding is a pain point for many local entrepreneurs--Oklahoma startups have only raised about $6 million, according to data compiled by PricewaterhouseCoopers and CB Insights--city and business leaders are getting creative in their efforts to help founders secure cash. In 2018, the NBA's Oklahoma City Thunder teamed up with local accelerator StitchCrew to launch Thunder Launchpad, a 12-week initiative offering mentorship, support, and other resources to participating startups, as well as a chance to pitch to investors. Local nonprofit i2E, a storied member of the startup ecosystem, is also a bright note in the region, investing roughly $61 million across 169 companies to date," the research states.

To read the full list, click here.


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