Wallet Hub ranks best large and small cities for a business start-up
WalletHub is out with its latest rankings, this time comparing the relative start-up opportunities that exist in 100 large U.S. cities and similar ranking for smaller communities. The personal finance website used 20 key metrics, ranging from the five-year business-survival rate to the percentage of residents who are vaccinated to office space affordability.
How did the Volunteer State do? Nashville placed #14 among the large cities, while Memphis came in at #80. Three North Carolina cities – Durham (#4), Raleigh (#8), and Charlotte (#13) – ranked ahead of Nashville, while Orlando topped the list followed by Miami at #2. Neither Chattanooga nor Knoxville made the list of the 100 “Best Large Cities to Start a Business” (listing here).
On the smaller population side, Greenville, SC came in at #18; Asheville, NC in a tie at #47; and Spartanburg, SC at #142 among the 1,334 cities ranked (click here for the list). The highest ranked Tennessee city on the second listing was Gallatin (#185) followed by Lebanon (#206), La Vergne (#234), Smyrna (#278), Cookeville (#281), Columbia (#293), Johnson City (#315), Cleveland (#357), Franklin (#361), Maryville (#392), Morristown (#414), Jackson (#419), Brentwood (#453), Hendersonville (#465), Oak Ridge (#517), Mount Juliet (#529), Bristol (#651), Kingsport (#728), Bartlett (#1093), Germantown (#1114), and Collierville (#1180).
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