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November 20, 2023 | Tom Ballard

LendingTree ranks best cities for starting a business

North Carolina had the top three. Nashville was the highest ranked in Tennessee at #20.

LendingTree analyzed the 100 largest U.S. metros for the best places to start a business and found the top three in North Carolina. Raleigh placed #1, followed by Charlotte at #2, and Durham at #3. Other Tar Heel State cities ranked high were Greensboro (#51) and Winston-Salem (#55).

How did Tennessee cities do?

Ranking the highest was Nashville (#20) followed by Chattanooga (#48), Knoxville (#58), and Memphis (#95). Other cities and their ranks included Charleston, SC (#15); Fayetteville, AR (#21); Greenville, SC (#29); Tampa, FL (#30); Atlanta (#31); Columbia, SC (#32); and Birmingham, AL (#56).

Each city was scored in three categories — business climate, entrepreneurship, and local economy. Each grouping had three individual metrics, for a total of nine. Lending Tree also noted that metrics were scored at various full and half weights, while some were measured by state rather than metro.

To learn more about the methodology and the overall rankings, click here.

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