UNIVERSITY PARK, Pa. – State College has been named one of the “15 Best U.S. Cities for Entrepreneurs to Live and Launch” by Entrepreneur magazine, citing the town’s “promising unemployment rate and business growth rate” and proximity to Penn State’s University Park campus.
Entrepreneur partnered with Livability.com, an organization that analyzes small and midsize cities, to consider the best places to launch a business and where entrepreneurs receive outstanding support by the community.
Penn State recently redoubled its commitment to entrepreneurship when it launched Invent Penn State, President Eric Barron’s initiative to drive job creation, economic development and student career success throughout the Commonwealth, in January 2015. The initiative has launched 13 entrepreneurship centers in its first year, including Happy Valley LaunchBox in downtown State College. This new hub for innovation is hosting 20 companies this summer, with free access to space, consultation on legal and intellectual property matters, 10 weeks of business training, and mentorship from community entrepreneurs and Penn State faculty and staff. Any entrepreneur can walk in for assistance Monday through Friday during business hours.