How does your city rank in startup opportunity?
With the number of self-employed Americans expected to rise to more than 60 million by 2020, the leading personal finance social network WalletHub conducted an in-depth analysis of 2015’s Best Cities to Start a Business. What is the startup opportunity in your region of the country?
In order to help aspiring entrepreneurs maximize their chances for long-term prosperity, and startup likelihood, WalletHub analyzed the relative startup opportunities that exist in the 150 most populated U.S. cities. WalletHub did so using 13 key metrics, such as the number of small businesses per capita, financing accessibility and the educational attainment of the local workforce.
| Best Cities for a Startup Business | Worst Cities for a Startup Business | ||||
| 1 | Shreveport, LA | 141 | Anaheim, CA | ||
| 2 | Tulsa, OK | 142 | San Jose, CA | ||
| 3 | Springfield, MO | 143 | Santa Ana, CA | ||
| 4 | Chattanooga, TN | 144 | Oakland, CA | ||
| 5 | Jackson, MS | 145 | Ontario, CA | ||
| 6 | Sioux Falls, SD | 146 | Fremont, CA | ||
| 7 | Memphis, TN | 147 | Yonkers, NY | ||
| 8 | Augusta, GA | 148 | Garden Grove, CA | ||
| 9 | Greensboro, NC | 149 | Jersey City, NJ | ||
| 10 | Columbus, GA | 150 | Newark, NJ | ||
Key Stats in Analyzing Startup Opportunity
- Office space is four times more affordablein Toledo, Ohio, than in San Francisco.
- The median annual salaryis four times higher in Fremont, Calif., than in Detroit.
- The cost of livingis two times higher in New York than in Laredo, Texas.
- The workforce is six times more educatedin Irvine, Calif., than in Santa Ana, Calif.
- The number of small businesses per capitais two times higher in Miami than in Bakersfield, Calif.
For the full report on startup opportunity and to see where your city ranks in startup opportunity, please visit:
http://wallethub.com/edu/best-cities-to-start-a-business/2281/
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