1. Headline
  1. Headline
By
updated 3/23/2013 11:45:40 AM ET 2013-03-23T15:45:40

Snapshot: Oklahoma City
Pop.: 591,967
Pop. with college degree: 27.9 percent
Median home value: $129,300
Median household income: $44,973

  1. More from TODAY.com
    1. This dad's spooky Halloween lunches will wow you

      If open-faced mummy sandwiches, popcorn with flies and mummified hotdogs are not normal staples of your kids’ lunches this...

    2. Ready for Oct. 21, 2015? One year until we go 'Back to the Future'
    3. Special-needs student crowned homecoming queen 'can't believe it'
    4. Flying for the holidays? Check out these luxe in-flight dining options
    5. Kids know more about tech than teachers? Not so fast, says new study

Oklahoma City may not receive the buzz generated by the startup communities in California and on the East Coast, but its low cost of living and labor, central location in middle America, good schools and low taxes and regulations have turned it into what looks like an entrepreneurial paradise.

"There's strong access to capital here and an aggressive financial attitude among the banking community to fund new businesses," says Roy Williams, president and CEO of the Oklahoma City Chamber. "And there's a core of entrepreneurs here to help new businesses get off the ground, because they got help back when they started."

If that sounds like a description for any healthy startup community, it is. But Williams points out a subtle difference: "We attract businesses that'd rather be a bigger fish in a smaller pond instead of competing against everyone fighting for attention on the coasts."

The choice, then, is yours: Do you set up shop in a city where rent, taxes and payroll costs exert significant pressure to succeed quickly or run out of cash, or do you move to a place like Oklahoma City (or to one of the other metro areas listed here), where you can buy more time to figure out your strategy and build a sustainable company? Whatever the case, know that you have options.

Copyright © 2013 Entrepreneur.com, Inc.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

More on TODAY.com

  1. Andrew Nelles / AP

    Obama plays it cool when man tells him not to touch his girlfriend

    10/21/2014 4:12:38 PM +00:00 2014-10-21T16:12:38
  1. Africa Studio / Shutterstock

    How to double your closet space with 4 easy steps

    10/21/2014 5:17:07 PM +00:00 2014-10-21T17:17:07
  1. Ebola outbreak: West Africans must arrive at 5 US airports

    All travelers from Ebola-stricken countries in West Africa must pass through one of five major U.S. airports with heightened entry screening before entering the country, the Department of Homeland Security said Tuesday.

    10/21/2014 4:22:36 PM +00:00 2014-10-21T16:22:36
  1. Courtesy of Beau Coffron

    This dad's spooky Halloween lunches will wow you

    10/21/2014 7:31:19 PM +00:00 2014-10-21T19:31:19
  1. Dimitrios Kambouris / Getty Images

    Best baby-bump style? Blake Lively stuns again on red carpet

    10/21/2014 3:32:04 PM +00:00 2014-10-21T15:32:04