BAKERSFIELD, Calif. — American business magazine, Inc., has named Bakersfield one of its top 50 U.S. cities in 2020 for starting a business, with more Latinx owners being a contributing factor.
Bakersfield came in as number 27 on the list, before major cities such as Dallas, Vegas, and even Washington, D.C.
So what makes Bako one of the top cities for you to exercise your entrepreneurship skills in the new year?
Well, according to the magazine, Bakersfield is number three in job creation, top five in net business creation, and 11 in rate of entrepreneurship.
"More and more entrepreneurs are setting up shop in this California farm town, famous for its bountiful natural resources," Inc. said. "Yet founders struggle with scaling their companies, putting Bakersfield in last place for high-growth company density."
Inc., also highlighted Lino's Mexican Cuisine owner, Frances Cueto, who is reportedly getting ready to open her fourth restaurant in the city. The magazine said that Cueto contributes to the growing Latinx businesses in Bakersfield which grew to 36 percent from 2007 to 2012, according to U.S. Census Bureau.