Milwaukee has the ninth-youngest entrepreneurs in the country, according to a new study by online loan marketplace LendingTree.
The average age of Milwaukee founders on their companies’ dates of origination is 38.98, according to the study. Overalll, 43.3 percent of Milwaukee entrepreneurs are millennials, 37.5 percent are Gen X, 17 percent are baby boomers, 1.3 percent are Silent generation and 0.9 percent are Gen Z.
Having entrepreneurs that skew younger could mean they have an easier time getting started, according to the study.
LendingTree pointed to Milwaukee’s low cost of living and low costs for businesses, including tax incentives, exemptions and credits that help cut costs for new business founders. Read the full story here.