30 Aug Study finds Madison third fastest growing start-up city in the country
By Colton Molesky
MADISON, Wis. (WMTV) – The city of Madison is becoming a hot spot for start-ups, drawing money and entrepreneurs from around the country. The result is experts in the city tracking economic growth in Wisconsin’s capital.
According to York IE, Madison is the third fastest growing start-up city in the country, coming in ahead of places like Denver, Colorado, and Cleveland, Ohio. The report says start-up growth is up 793%.
“We’re seeing a start-up community that is rich and robust that is helping out other founders,” said StartingBlock Madison board member Scott Resnick.
Resnick has worked with entrepreneurs and on start-ups for the past 15 years. He says a lot has changed in Madison over the past decade. Resnick says part of what makes the city a cultivating place for start-ups is success stories, like StartingBlock Madison or American Family Insurance, helping new founders. The overall success is bringing in funding from across the country, which Resnick says has jumped significantly in the past decade.