LinkedIn News just released their list for the top 11 fastest growing smaller cities in America for entrepreneurs. Birmingham secured spot number seven on the list and with this news comes further evidence that our city is on the rise. Find out why Birmingham stands out compared to other business hubs and where we’re going.
Where does Birmingham stand
Birmingham secured spot number seven on LinkedIn’s list with a 32 percent growth rate from July 2018-2021. We rank just below Buffalo, NY and just above Metro Jacksonville, FL in terms of growth over the past few years.
We’ve already seen the Birmingham technology scene grow exponentially in recent years with MarketWatch dubbing us one of America’s new tech hot spots in 2019.
Here are some of the big startup companies we’ve seen move to Birmingham in recent years:
Why’d we make the list?
Smaller cities are continuing to draw in business owners with factors like low operating costs, less traffic and high quality of life with lower cost of living.
Birmingham meets all of these qualifications and more. Our city’s incredible food, night life and events are on par with many larger cities. We also have all the great conveniences of a smaller area as well as the natural flora of the beautiful South.
Expect even more growth
The pandemic brought so many changes into society, one of those being a mass exodus form larger cities that are our usual business hubs. These entrepreneurs moved their lives and ideas to smaller areas such as Birmingham.
According to LinkedIn’s data, many of these business owners decided to make the move for cost reasons and to be closer to nature as well. As more and more entrepreneurs make their way to Birmingham, many stay and not only create new companies and jobs but shed talent.
These talented individuals will inspire more employees and so on, creating a domino effect. We can already see this trend in that 32 percent growth rate and will most likely continue to see incredible growth when it comes to business ventures in our city.
Are you excited about the business growth happening in our city? Let us know your thoughts by tagging us on social @bhamnow!