Southern entrepreneur programs are popping up across the South as the economy strengthens, new research shows.
The Innovation Accelerator Program, an online program for entrepreneurs in Southern states, is expanding its focus to boost economic growth in the region.
The U.S. Economic Development Corp. and the National Center for Entrepreneurship and Research released their annual report on entrepreneurship last week, saying the Southern region is home to “the world’s most vibrant startup ecosystem.”
The Economic Development Corporation, a nonprofit research and development arm of the U.N., said the Southern regions success in attracting startups is tied to its relatively low levels of unemployment and high growth rates.
The region also is home, the study found, to a number of top research universities.
This is a region that is not just the epicenter of innovation but also is the center of economic opportunity for young people,” said Michael St. John, director of the Center for Economic Opportunity at the National Association of Business Economists.
The research suggests that the economic recovery could also provide opportunities for entrepreneurship.”
The research found that the region’s startup ecosystem is also a key driver for job creation. “
Southern entrepreneurship programs are now expanding to include many more companies, particularly as technology and financial technology becomes more widespread and accessible.”
The research found that the region’s startup ecosystem is also a key driver for job creation.
The region’s high number of high-tech startups has led to jobs growth and job creation for both adults and young people.
The Southern region also has one of the highest average salaries in the country, at $71,000, according to the report.
That figure is a record high for the United States, and is significantly higher than the national average of $56,000.
It also is well below the national median of $78,000 and below the median of the other major metro areas.
St. Johns cited an example: The average salary for a technology engineer in Southern California is $90,000 a year, compared to $116,000 nationally.
“The region is also one of only five in the U, in the world, that is also home to the highest percentage of highly skilled STEM workers,” the report said.
“It is important to note that the Southern economy has had some success in recent years.
In the last year alone, the region added an estimated 4,000 jobs, as well as 1,000 new manufacturing jobs.
It is a testament to the robust growth of the Southern regional economy.”
The report noted that many of the companies that are entering the Southern startup ecosystem are also starting their own businesses.
That could help to create jobs for people in the Southern area, especially as many of those startups rely on local talent.
“In addition to helping spur the creation of new jobs and new businesses, the Southern entrepreneur economy will also provide important opportunities for local communities,” the study said.