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May 12, 2022 | Tom Ballard ranks top 100 metros on entrepreneurship levels

Researchers at have analyzed data from the U.S. Census Bureau to find the metropolitan areas with the most entrepreneurs, ranking those communities according to the percentage of workers who are business owners.

Not surprising, the greater Nashville region that also includes Franklin and Murfreesboro, led the Volunteer State, coming in at #25 with slightly more than one in every 10 workers – 10.6 percent to be exact – owning the business where they work. Chattanooga was not far behind, placing #31 with 10.1 percent of workers owning the business.

Two other Tennessee cities made the top 100. Knoxville came in at #54 with 9.1 percent owning the business, while Memphis placed #72 with a ownership of 8.4 percent.

We were surprised at the rankings of some communities that did not place as high as we might have expected. They included Greenville (#40), Raleigh (#65), Charlotte (#70), Columbus (#71), Birmingham (#95), and Columbia (#97).

Conversely, we noted that the highest ranked city in our general region was Asheville at #3, Charleston and North Charleston (#12), and the Little Rock region (#15).

So, what city topped the list? Runner-up was Miami-Fort Lauderdale-West Palm Beach at #2 with 14.7 percent of its workers owning their business. First place went to another Florida community (North Port-Sarasota-Bradenton) with almost one out of every six workers owning the business.

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