Music City earns reputation for successful start up businesses - WKRN News 2

Music City earns reputation for successful start up businesses

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A survey has named Music City as one of the top cities in America for starting a new business.

The survey, which was conducted by a national group of entrepreneurs, listed Nashville second to Las Vegas.

Nashville's News 2 spoke to Phil Gibbs, CEO of E-Spaces, who said the rest of the country is beginning to discover Nashville is a good place for small businesses.

"It's developing a reputation for being a start-up city. It has a lot of entrepreneurial activity because people are purposefully pushing it," he said.

Gibbs said his business, E-Spaces, grew out of the need many start-ups and small businesses have of office space.

Many, if not most start-up owners work out of basements, kitchens or a local coffee shops, which is not conducive to meeting with clients.

E-Spaces launched in Belle Meade in 2010 and opened a second location in Cool Springs in February.

"Eventually we'll probably have three in Nashville and other cities and as people travel around they can use them interchangeably as they go to other cities," said Gibbs.

The lush office space on the fourth floor of a building off Harding Pike had more than a dozen people working on projects.

Some sat in partitioned and private desks and chairs, while others worked with collaborators at tables. There were also several clients working in conference rooms.

Gibbs told Nashville's News 2 that 75 to 80% of his clients are start-ups.

"You have the universities here and that's really important you have people in the funding arena," he said. "There's a lot of venture capital opportunity and its beginning, I think, to recognize the importance and opportunities of early-stage start-up companies."

David Benskin just launched his start-up Wealth Access Thursday night.

He said the Nashville business community was eager to help.

"Its been very supportive and very open minded and I think generally in Nashville people they like this city and they want to see start-ups succeed," he said.

Gibbs added that he believes Nashville will remain a successful place for start up businesses.

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