Tulsa's 36 Degrees North Anticipates Business Growth in 2024
36 Degrees North, Tulsa's entrepreneurial hub, predicts a surge in small business growth in 2024, bolstered by a favorable financial climate and a supportive ecosystem. Tulsa's leading hub for innovators and dreamers, 36 Degrees North, predicts a significant surge in small business growth in 2024, driven by favourable market conditions and a vibrant ecosystem. The organization is leading the charge in fostering the transition from employment to entrepreneurship, with Devon Laney, the President, attributing this growth to the Federal Reserve's decision to pause on rate hikes, which is expected to reduce the cost of borrowing for small businesses. Over the past five years, the hub has contributed $859.9 million to the local economy, supporting over 25,000 members and nurturing 30 companies in its incubator program. The Starters Bootcamp, a 7-week pre-accelerator program designed to help innovators transform their ideas into successful ventures, offers mentorship, advice, and a supportive community.
Published : 4 months ago by Dil Bar Irshad in World
In the heart of Tulsa, the entrepreneurial landscape is set for a significant transformation. 36 Degrees North, the city’s leading hub for innovators and dreamers, forecasts a promising leap in small business growth in 2024. Fueled by favorable market conditions and a vibrant ecosystem, the organization is leading the charge in fostering the transition from employment to entrepreneurship.
Devon Laney, the President of 36 Degrees North, paints an optimistic picture of the future. He ties this anticipated growth surge to the Federal Reserve’s decision to pause on rate hikes. This strategic move is expected to keep bank interest rates at a manageable level, thereby reducing the cost of borrowing for businesses. This financial environment could prove to be a game-changer, providing a much-needed support system for fledgling and small enterprises.
Over the past five years, 36 Degrees North has left an indelible mark on the local economy, contributing a staggering $859.9 million. The hub currently supports over 25,000 members across its facilities and nurtures 30 companies in its incubator program. This initiative is tailored towards early-stage tech startups, providing them with the resources they need to thrive in a competitive marketplace.
Laney emphasizes the importance of fostering the growth of new businesses, viewing them as the backbone of the local economy. 36 Degrees North demonstrates this commitment through a variety of events and programs planned for the year, all designed to support and encourage budding entrepreneurs.
Among these initiatives is the Starters Bootcamp, a 7-week pre-accelerator facilitated by 36°N in collaboration with Tulsa Technology Center and CO.STARTERS. This program is meticulously designed to help innovators transform their ideas into successful ventures, offering mentorship, advice, and a supportive community.
As we approach 2024, 36 Degrees North stands resolute in its mission to support Tulsa’s startup ecosystem, furthering its legacy of fostering innovation and driving business growth.