Fredericksburg is ninth on Entrepreneur Magazine’s list of “The 50 Best Cities for Your Startup.”

“We are very excited to hear that the potential of our little town is seen by those with quite the keen eye,” FredXchange staff said on Facebook. The nonprofit is working to build a startup community in the Fredericksburg region with a mission to establish a thriving entrepreneurial ecosystem by the year 2020.

The story in the magazine’s August 2016 issue is based on data from Livability.com, which provides research on small-to-medium sized cities.

The ranking factors include a city’s number of businesses and employees, business tax rate, percentage of college-educated locals, cost of living, commute time, access to high-speed internet, income, and population increase.

The top ten cities on the list are:
1. Boulder, Colorado
2. Austin, Texas
3. Provo, Utah
4. Charlottesville, Virginia
5. Chapel Hill, North Carolina
6. Ann Arbor, Michigan
7. Fargo, North Dakota
8. Columbia, Missouri
9. Fredericksburg, Virginia
10. State College, Pennsylvania

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