There are a lot of factors to consider when embarking on the journey of starting a new business. One of the most important considerations, which can sometimes mean the difference between success and failure, is the city in which the business is launched.
WalletHub, a social network site for financial information, examined the 150 largest cities by population in the US for 13 categories. Some of those metrics included: survival rate for a business; cost of space; how hard/easy to get a business loan, and ten more. Those categories were then grouped into two major headings: Business Environment and Access to Resources. For example, rate of survival would be sorted under Business Environment, while getting a loan would be Access to Resources.
Each of the cities were then ranked according to the two major headings, and the following top ten cities emerged:
1. Shreveport, LA
2. Tulsa, OK
3. Springfield, MO
4. Chattanooga, TN
5. Jackson, MS
6. Sioux Falls, SD
7. Memphis, TN
8. Augusta, GA
9. Greensboro, NC
10. Columbus, GA
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