America is the home of the brave, and the land of the free and opportunistic. Since the Industrial Revolution, there have been innovators that have come along to produce some of the nation’s most worldly utilized tools. Understandably so, entrepreneurial resources and tools may not be equally spread throughout the country. Wallet Hub has done an extensive research to bring to you the best large cities to start a business in. Wallet Hub delightfully articulates how each city’s ranking is measured.
“In order to determine the best cities for launching a business, WalletHub compared 100 cities, across three key dimensions: 1) Business Environment, 2) Access to Resources, and 3) Business Costs. Our sample considers only the city proper in each case, excluding cities in the surrounding metro area.” Wallet Hub Explains on the website.
“We evaluated the three dimensions using 19 relevant metrics, which are listed below with their corresponding weights. Each metric was graded on a 100-point scale, with a score of 100 representing the most favorable conditions for startups. Data for metrics marked with an asterisk (*) were available at only the state level.”
Using that formula, Wallet Hub has listed 100 cities to start your entrepreneurial career. Here is the top 20.
[Click here] to view the full list
2023’s Top 10 Large Cities to Start a Business was originally published on rnbphilly.com
1. 10. Austin, Texas
Source:Getty
| Austin, TX |
Total Score 54.11 |
Business Environment 17 |
Access to Resources 29 |
65 |
2. 9. Fort Worth, Texas
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Total Score
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Business Environment 9 |
Access to Resources 15 |
Business Costs
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3. 8. Charlotte, North Carolina
Source:Getty
Total Score 58.30 Business Environment 11 Access to Resources 48 Business Costs 32
4. 7. Atlanta, Georgia
Source:Getty
Total Score 58.79
Business Environment 8
Access to Resources 34
Business Costs 35
5. 6. Boise, Idaho
Source:Getty
Total Score 59.48
Business Environment 3
Access to Resources 44
Business Costs 51
6. 5. Durham, North Carolina
Source:Getty
Total Score 60.15
Business Environment 38
Access to Resources 5
Business Costs 21
7. 4. Tampa, Florida
Source:Getty
Total Score 60.37
Business Environment 5
Access to Resources 52
Business Costs 22
8. 3. Miami, Florida
Source:Getty
Total Score 60.78
Business Environment 1
Access to Resources 58
Business Costs 47
9. 2. Jacksonville, Florida
Source:Getty
Total Score 62.25
Business Environment 6
Access to Resources 46
Business Costs 8
10. 1. Orlando, Florida
Source:Getty
Total Score 65.34
Business Environment 2
Access to Resources 14
Business Costs 26