Entrepreneurs Recognize Benefits of Birmingham

Posted on January 8, 2008

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The Small Business & Entrepreneurship Council recently released its 2007 Small Business Survival Index, where Alabama ranks in the top half in 11 out of 17 categories evaluating small businesses. While the state ranked lower on crime and highway cost effectiveness and higher on property taxes and health insurance mandates, it ranked No. 10 in the country overall. Experts believe the high scores can be attributed to Alabama ‘s forward-thinking approach to attracting businesses of all sizes. Mark Heesen, president of the National Venture Capital Association, says the Birmingham area has the potential to become an entrepreneurial hotbed if technology industry supporters focus on a particular niche, a model other successful entrepreneurial cities have followed. Heeson believes that supporters need to define the local technology scene’s strengths and consider whether a hub can be established in a specific field, such as healthcare technology.

To view the 2007 Small Business & Entrepreneurship Survival Index Rankings, click here.

Brice Johnston, Goodrich Law Firm, LLC

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