A study conducted by Massachusetts-based Cognetics found Raleigh-Durham the third best large metro area for entrepreneurs. The study was conducted to rank places in the U.S. that are most favored by entrepreneurs who are starting and growing companies. The rankings were based on five major determinants: 1. Universities; 2. Skilled Labor Pool; 3. Airports; 4. Nice Place to Live; and 5. Positive Entrepreneurial Climate. Only Phoenix and Salt Lake City ranked ahead of the Triangle for large metro areas for entrepreneurs, giving the Triangle a number 3 ranking. Atlanta and Indianapolis fell behind the Triangle. The study also named Las Vegas, Sioux Falls, Austin, Savannah and Jacksonville as small metro area "hot spots."
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