Going It Alone: America’s Top 15 Hubs For Solo Entrepreneurs

English: City of Allentown from east side

English: City of Allentown from east side (Photo credit: Wikipedia)

Editor’s note:  A big congrats to Allentown, Pennsylvania’s third largest city and metropolitan area, for being the only Pennsylvania city on the list.  Big things are going on in the Lehigh Valley, making us Pennsylvania Proud :).

Solopreneurs (a mash-up of the words “solo” and “entrepreneurs”) may freelance, consult, coach, offer services or sell products. The defining characteristic is that whatever they do, they do it without the help of a single employee. And that means they do everything, from product design to marketing to customer service, whether it’s fun or not.

$1 Trillion in Revenue
No matter what they make, sell or do, solopreneurs are becoming more common. In 2012, the latest year for which data is available, the U.S. economy had a total of 22.7 million solo businesses, a gain of almost 245,000 from 2011. Those businesses had total revenue of $1 trillion (yep, trillion) in 2012, up from $41.3 billion in 2011.

These statistics made us wonder. Where is solopreneurship especially popular? Where is it boosting the local economy? Where are solopreneurs reaping the most financial rewards?

See the list and read more: http://blog.sparefoot.com/6384-top-places-for-solo-entrepreneurs/

Pittsburgh Is Getting Younger – Average Age Of City Residents Falling

A map of Pittsburgh, Pennsylvania with its nei...

Image via Wikipedia

Pittsburgh has become an example of reverse brain drain.  The City of Pittsburgh is attracting more and more people in their 20’s and 30’s.  The median age of city residents fell from 35.5 to 33.2 in the last ten years.  (By comparison, the median age of Pennsylvania’s 12.7 million residents in 2010 was 40.1, up from 38.0 in 2000.)  This phenomenon is rarely seen outside the Sun Belt and never in the Rust Belt.  But then again, this isn’t you’re parent’s Pittsburgh, anymore.

The smokey steel city of the 40’s and 50’s is long gone.  Heavy industry has been replaced with education, health-care, robotics, computer technology and other high-tech and green industry.  Pittsburgh is building itself a more diversified economy and consistently ranks high on the list of America’s Most Livable Cities.  The cost of living in Pittsburgh makes it very attractive to young people.

Because of all these factors, and more, Pittsburgh will be hosting the One Young World Summit in 2012.  2,000 young leaders from 160 countries will be coming to Pittsburgh to discuss topics like global health, climate change and micro-economics.  Most of these delegates will be in their 20’s.  This will be the third year for One Young World.  Last year the event was held in London and this year it was held in Zurich.

Pittsburgh beat out Johannesburg, South Africa to host One Young World in 2012.  Other countries that bid for the conference besides South Africa were China, Australia, Peru and Dubai.  Pittsburgh was the only American city bidding to host this event.