In addition to attracting tourists, Santa Barbara is also attracting new companies, said Kenny Slaught. Many of the new firms established here came out of the University of California Santa Barbara, including AppScale, LastLine, TrackR, and Salty Girl Seafood. Private investors on the Central Coast generated over $200 million for their startups. This is twice the investment per capita in development compared to the greater Los Angeles region, which is a larger market. Local entrepreneurs understand the appeal of starting a business in a smaller area, despite the popularity of places like Hollywood and Silicon Valley. This area is one of the best in US to start a business such as as Inogen, Raytheon, Sonos, and BioIQ.
Read more: http://profitandcost.com/news/kenny-slaught-examines-santa-barbara-s-thriving-community/0004694/