Why is the DMV a Great Place to be an Entrepreneur? [ANSWERS]

Name: Ron Schmelzer

Business name: Bizelo

URL to website: http://www.bizelo.com

Twitter: @Bizelo

Facebook: http://www.facebook.com/bizelo

First, Baltimore is relatively small in size and a smaller economy compared to others in its region is both a plus and a minus. It’s much easier here to get visibility in front of the local market, media, and customers. The region has significant strength in education, health, government (especially around security), and hospitality. There are some major universities and schools here pumping out not only great talent but also investment and connections, so that’s a plus. But, the city often plays second (or third) fiddle to other cities as far as attracting software technical talent, venture capital and angel investment, acquisitions, and national press attention.

Related Post: Startup College and Universities in D.C., Maryland & Virginia

Despite this, the best way to be a Baltimore-based company is to participate in the whole ‘Lower Acela’ corridor region. We often participate in DC, Philly, and New York networking and investment events. We position ourselves as a regional player rather than as a Baltimore-only startup. I think this region (Mid-Atlantic to NY) has significant strength and that Baltimore companies are well served to be an active participant across the whole region.