Cities With the Most Business Owners Under 40 [Video]

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If you’ve noticed a trend of coworkers leaving their jobs to start their own companies, you’re not alone. Business ownership among younger Americans is on the rise, especially in certain parts of the country.

Traditionally, older Americans have been more likely to own businesses, thanks to greater experience, financial resources, and professional networks. However, entrepreneurship is increasingly attracting younger Americans, who now view it as a viable career path. Although they may have less capital, younger adults often have fewer financial obligations—such as mortgages or family expenses—making it easier to take on the risks of starting a business. Additionally, their skills and interests tend to align well with new opportunities in the digital economy, which often require lower startup costs.

Over the past several years, economic and workforce shifts have fueled record-high levels of new business applications, reflecting a surge of entrepreneurial interest among younger workers. According to recent U.S. Census Bureau …