New research shows Millennials (those born between 1980-2000) are starting businesses in unprecedented numbers, with over a quarter of the demographic reporting as self-employed. Boise is highly desirable for Millennials and is quickly becoming a hotspot for science and technology startups because of its big city resources yet small-town feel. FastCompany.com recently released a report of the top 10 cities for millennial entrepreneurs, ranking Boise as the second best place to live for Millennial Entrepreneurs.
Local Startup Services and Assistance
Idaho recognizes creating the right environment for startups is integral to the state’s economic viability. In 2012, the Idaho Global Entrepreneurship Mission (IGEM) Initiative was created and with it five million dollars for innovation grants. Now known as the Idaho Technology Council, hopeful entrepreneurs can find local meet ups, classes and all things tech within the Treasure Valley.
Boise State University also offers a plethora of business startup services with its Idaho Small Business Development Center (SBDC). New entrepreneurs hoping to start a business can visit the center to receive no cost business consulting services and general small-business advice. You might be surprised to know that Boise boasts its own angel investor group, the Boise Angel Alliance, an organization dedicated to funding startups.
High-Tech Meeting Spaces
The recently developed Boise Tech Mall is a great place to connect with other new and seasoned entrepreneurs. The high-tech building offers free meeting rooms with Wi-Fi for digital nomads and entrepreneurs. Its entire third floor houses businesses integral to the success of a startup from start to finish including a web design company, an attorney, a CPA and a videographer. The Tech Mall is also proud that it hosts Boise's only automated beer wall.
Low Cost of Living Attracts Entrepreneurs
Boise’s reasonable housing market and low cost of living creates an affordable environment to launch a tech career and CNN Money backs this statement by listing Idaho as #10 on their most entrepreneurial states list. No longer do those wishing to create a startup have to live in expensive places like Silicon Valley or New York City. Boise offers easy access to outdoor activities and boasts a large university, an excellent airport, and access to quality health care.
If you’re a local resident interested in starting a business, check out all of the amazing resources Boise has to offer. If you’re an entrepreneur looking for a great place to live and start a business, give Boise a try and you’ll discover why most people who put roots down in Idaho never want to leave.