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Las Vegas is a top city for starting a business according to study

Posted at 11:45 PM, May 19, 2017
and last updated 2017-05-20 03:05:29-04

According to a new study published by the the Kauffman Foundation; Las Vegas is among the top five cities in the United States for starting a business.

When Luke Pergande wanted to jump start his business idea of a marketplace for sports betting tickets; he decided to pack up and leave San Francisco and join his business partner in Las Vegas. It was an easy financial decision to make.

"Rents are high," Pergande said. "Maintenance is high. All these expenses add up."

That was almost two years ago. Now PropSwap is no longer just an idea, but a bona fide business. 

"Living in Las Vegas our costs are so low that we don't have to go out and raise money to sell our stock for cash to fund our business," he said.

Las Vegas ranks alongside Miami, Austin, Los Angeles, and San Diego as the five cities with the highest levels of start up activity.