If you’re a young entrepreneur who’s about to start a new business, the first thing you need to do is to search for that one special location that’s suitable enough for your business—Location always matters!
Now, what makes a city a good place to launch a business?
Well… As we all know, each city offers a collection of characteristics such as living costs, education, local economy, employment rate, taxes, etc… So what you basically need to do is to collect as many information as possible to determinate the most suitable place for your type of business.
Generally, big cities like New York and San Francisco don’t really stand in the row of your top 10 cities because they’re the most expensive cities in the US. According to the tax foundation, New York is actually listed as one of the three worst business tax climates in America.
On the other side, humble cities like Knoxville, New Hampshire, and Manchester are great for new small business.
In order to help entrepreneurs launch their business; Fidori has made a list of the top 10 cities in the country that happen to be convenient for your future small business.
Keep reading to find out more…
- Percentage of small businesses: 97.02%
- Cost of living: 801.17$
- Unemployment rate: 3.8%
Dallas is known to be a fast-growing region in the USA. In fact, Mr. Toby Grove, president of KDC, a local real-estate developer says: “There’s more activity today than I’ve seen in 30 years in this business,” Furthermore, he claims that growth seems to be more enhanced in Dallas and he doesn’t see any slowdown.
Dallas is basically one of the best places to start a business and for environmental regulations.
2. Fort Collins, Colorado
- Percentage of small businesses: 97.06%
- Cost of living: 111.05$
- Unemployment rate: 4.02%
With the highest level of high school graduation and ninth-best college graduation rate and high-tech companies’ growth, Fort Collins is ranked as one of the top five cities for new businesses.
- Percentage of small businesses: 73%
- Cost of living: 834.71$
- Unemployment rate: 3.7%
Houston is by far the country’s No. 1 job creator and home to 26 Fortune 500 companies. It’s one of the friendliest small business cities ranking since 2013 although it slipped a little on 2015.
4. Manchester, New Hampshire
- Percentage of small businesses: 80%
- Cost of living: 111.10$
- Unemployment rate: 4.2%
Manchester is actually one of the most underrated cities in the US; the thing people ignore is that Manchester is actually very pro-business and has infinite resources to help you out with your business.
5. San Antonio
- Percentage of small businesses: 86.3%
- Cost of living: 696$
- Unemployment rate: 3.2%
San Antonio is mostly characterized by its strong zoning and land-use regulations as well as the training and networking programs for aspiring entrepreneurs.
- Percentage of small businesses: 97.15%
- Cost of living: 816$
- Unemployment rate: 4.6%
Angela Jones, executive director of the Nashville Business Incubation Center at Tennessee State University says: “There’s no state tax here, and the city offers funding for new businesses…”
Nashville is a city best known for its grown start-up community not to mention its thriving ecosystem, healthcare, and legendary music scene.
7. Boulder, Colorado
- Percentage of small businesses: 82%
- Cost of living: 883.22%
- Unemployment rate: 4.10%
Entrepreneurs just love boulder!
Whether you want to grow your workforce or invest in new equipment, boulder might just be the right place for you, not to mention that The Economic Vitality Program staff in boulder can provide information for starting or growing a business in Boulder and connect you to helpful resources.
8. Knoxville, Tennessee
- Percentage of small businesses: 71%
- Cost of living: 867$
- Unemployment rate: 5.9%
According to Knoxville oak bridge—innovation valley—Knoxville, TN is the sixth-best mid-sized city for jobs in an annual Forbes magazine ranking of 398 U.S. metros.
Knoxville was 9th in the 2011 list and rose in the ranking primarily because of a 3.1 percent growth in year-over-year jobs.
9. Austin, Texas
- Number of small businesses per 10,000 people: 136
- Cost of living for self-employed: 5.0% below U.S. average
- Unemployment rate: 4.2%
One of four Texas cities to grace the top friendliest cities list, Austin held the No. 1 slot for the last three years.
10. Richmond, Virginia
- Percentage of small businesses: 69%
- Cost of living: 600$
- Unemployment rate: 5.4%
Virginia has reclaimed the top spot in Forbes magazine’s ranking for the best state in which to do business. Not to mention that it has been ranked second for the past three years.