Best Cities for Small Biz: Where to Launch
You have a business idea and a plan. But before you begin forming your team and securing financing, you wonder... where does this business have the best chance of succeeding?
Well, the results are in. And a city in the heart of the panhandle state gets top prize. Fortune Small Business released its ranking of top 50 metropolitan cities to start a small business and Oklahoma City leads the pack. Factors such as per capita income, hourly wages, workforce quality, taxes, and foreclosures were evaluated.
Here is a sneak peek at the top 10 big cities for small business as reviewed by Fortune Small Business:
- Oklahoma City, OK
- Pittsburgh, PA
- Raleigh, NC
- Houston, TX
- Hartford, CT
- Washington, D.C.
- Charlotte, NC
- Austin, TX
- New York City, NY
- Baltimore, MD
Which cities didn't make the list?
- Cities on the west coast: Thanks to astronomical foreclosure rates, the entire west coast didn't "make the map" for best places to launch a small business. The effects of high foreclosure rates were thought to ripple through to other fields such as construction, finance, and local retail making the cities not so small biz-friendly.
Related Resources:
- Fortune magazine names OKC as best place to launch business (okcBIZ)
- Colorado left off Fortune's list of best places to start a business (Denver Business Journal)
- Small Business Ideas: Coming Soon to Main Street... (FindLaw's Free Enterprise)
- SBA Asks: Are You Ready to Start a Business? (FindLaw's Free Enterprise)
- 3 Things to Consider When Naming a Business (FindLaw's Free Enterprise)
- 5 Tips to Finding the Perfect Small Business Attorney (FindLaw's Free Enterprise)
- Legal Aspects of Starting Business (provided by Dunn Lambert, LLC)
- Business Formation: Specialty Contracts (provided by Soden & Steinberger, LLP)