The 5 Best Cities For Starting A Business
A new report from financial information site WalletHub has the lowdown on the best cities for starting a business. The analysis is based on 14 different metrics, including office space affordability, average education of the local labor force, cost of living, and access to financing.
Jacksonville, Fla., takes the top spot, supported by the second-highest five-year small business survival rate in America and a plentiful labor force.
"Jacksonville's high ranking as an entrepreneurial destination mirrors expectations for strong growth throughout the city's economy in 2014, buoyed by hiring in the construction and professional services industries, as well as a burgeoning startup community," the WalletHub report says.
In general, southern cities outperformed those in every other region. Florida and Georgia each have two cities in the top 10 - Jacksonville and Cape Coral, and Augusta and Columbus - and New England doesn't even crack the list until No. 48, with Rochester, N.Y.
Here are the five best cities for starting a business:
1. Jacksonville, Fla.
2. Fayetteville, N.C.
3. Augusta, Ga.
4. Jackson, Miss.
5. Memphis, Tenn.
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*
- 8 Lesser-known places to explore in Himachal Pradesh
- Markets end FY24 on buoyant note amid positive global cues
- SRM Contractors IPO allotment – How to check allotment, GMP, listing date and more
- Rupee falls 6 paise to settle at 83.39 against US dollar