Changing Landscape For Entrepreneurs Paves Way For Growth

By Aaron London
The News-Journal, Daytona Beach, Fla.

WWR Article Summary (tl;dr) While entrepreneurial activity spiked in the wake of the Great Recession as people lost jobs due to downsizing and workforce reductions, the pace of start-up activity has not slowed as more would-be entrepreneurs are taking the plunge to start a new business.

The News-Journal, Daytona Beach, Fla.

According to a report on entrepreneurship activity by the Ewing Marion Kauffman Foundation, Florida ranks third out of the 25 largest states for start-up activity.

In addition to ranking high on the list of entrepreneurial states, the survival rate for businesses is also rising in the Sunshine State.

While entrepreneurial activity spiked in the wake of the Great Recession as people lost jobs due to downsizing and workforce reductions, the pace of start-up activity has not slowed as more would-be entrepreneurs are taking the plunge to start a new business.

For a look at the entrepreneurial landscape in Flagler County, Ky Ekinic, co-founder of Office Divvy in Palm Coast and organizer of Entrepreneur Night, offers the local spin.

Question: Florida is ranked No. 3 of the 25 largest states for start-up activity. Are you surprised at that ranking?

Answer: I am not surprised because of Florida’s population advantage. Florida, I believe, is No. 3 in terms of its population, so I am not surprised with that factor.

In terms of culture, it could be surprising. By that I refer to entrepreneurialism and start-up culture. But that is improving. Even though the entrepreneurial ecosystem has been improving statewide, it is still lacking in comparison to a New York or parts of Austin, Texas or California or the “Silicon Prairie” in Kansas and Texas.

Question: What is your sense of start-up activity in Flagler County?

Answer: It’s hard to say. I wish we as a community tracked that a little better. We have the ways to do it through perhaps communications and collaboration with the county and cities of Palm Coast and Flagler Beach when people register a new company. My feeling is anecdotal, with interactions at Entrepreneur Night and at Office Divvy. Using that criteria, I see a healthy amount of people who are starting a business or restarting a business. I also see a great portion of people that are new to the area.

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