From the WSJ Real Estate Archives

Homes in Places That
Welcome Entrepreneurs

by Sheree R. Curry
From The Wall Street Journal Online
August 10, 2007

Connecticut has the best economic climate for entrepreneurs, says a 2007 study by the Corporation for Enterprise Development, a research group. Delaware, Colorado, Massachusetts, and Minnesota round the top five.  Here are homes in three of these states. 

[columnists]

Place/Price: Maple Grove, Min. / $664, 900

Taxes*: $8,359

The Property: 4 bedrooms, 4 baths, 3,496 square feet

Description: This 2003 two-story home overlooks a pond and a naturally wooded preserve. There is a den with French doors that can be used as a home office. There is a bay window in the dining room.

Notable: Ranked number 5 on the list, Minnesota uses an online network and other technology to connect entrepreneurs in rural regions with information and financial resources. It ranked high on business vitality the report said.

[columnists]
Place/Price: Lichtfield, Conn.  / $1.69 million

Taxes*: $16,675

The Property: 5 bedrooms, 4 baths, 5,480 square feet

Description: This country home with an open foyer has a library with a fireplace that is suitable for a home office. There is in in-law suite, a game room on the lower level, a pool and a greenhouse.

Notable: Connecticut produced more revenue per worker than any other state, the report said. It was singled out by Inc magazine for the high academic achievement of its high-school students, low poverty rate, and high quality of its jobs.
 

[columnists]
Place/Price: Millsboro, Del. / $2.5 million

Taxes*: $2,400

The Property: 4 bedrooms, 4½ baths, 4,551 square feet

Description: This home has four screened porches most with water-to-golf views. There is a two-story family room with a double-sided fireplace. The master has a fireplace, marble bath and a small bar area.

Notable: Delaware beat all state in the number of initial public offerings it had last year. It was the among the highest-ranking in terms of start-ups, new companies and investments. It also had the most revenue per worker and solid business financing, the report said.

* Current owner's payment
Sources: cfed.org, inc.com, aliciaphillips.com, sothebysrealty.com, peninsuladelaware.com

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