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The Best Cities to Start a Small Business

2 zenbusiness @zenbusinesspbc The Best Cities To Start A Small Business We graded the top 100 most populous metro areas by nine factors to create our Small Business Index. Lowest Highest STATE ESTABLISHMENT SURVIVAL RATE UNEMPLOYED STATE UNEMPLOYMENT STATE STATE MEDIAN SMALL (1989-2015) (STATE) LABOR EMPLOYER INSURANCE CORPORATE MINIMUM RENT BUSINESS FORCE UNEMPLOYMENT NEW EMPLOYER ТАХ WAGE INDEX 1-YEAR 20-YEAR ТАX RATE RATE OPENED CLOSED STARTUP BUSINESS TAX TAX 1 Greensboro-High Point, NC 1,328 1,333 78.89% 22.3% 4.8% 5.76% 1% 2.5% $7.25 $654 287.23 2 Durham-Chapel Hill, NC 1,181 983 78.89% 22.3% 4.1% 5.76% 1% 2.5% $7.25 $893 277.36 3 Charlotte-Gastonia- 5,756 4,723 78.89% 22.3% 4.1% 5.76% 1% 2.5% $7.25 $940 276.17 Concord, NC 4 Winston-Salem, NC 1,038 902 78.89% 22.3% 2.2% 5.76% 1% 2.5% $7.25 $597 265.28 5 Greenville-Anderson- 1,543 1,399 80.82% 21.6% 3.3% 5.46% 0.87% 5% $7.25 $683 255.34 Mauldin, SC 6 Columbia, SC 1,436 1,354 80.82% 21.6% 3.5% 5.46% 0.87% 5% $7.25 $724 253.83 7 Charleston-North 1,805 1,354 80.82% 21.6% 3% 5.46% 0.87% 5% $7.25 $883 253.27 Charleston, SC 8 Boise City, ID 1,693 1,386 80.56% 20.6% 3.7% 5.4% 1% 6.925% $7.25 $587 247.23 9 Raleigh, NC 3,144 2,507 78.89% 22.3% 1.2% 5.76% 1% 2.5% $7.25 $905 243.47 10 McAllen-Edinburg-Mission, 1,068 1,018 79.46% 22.3% 6.2% 6.36% 2.7% 0% $7.25 $614 236.70 TX Top 10 Cities By Business Survival Rates ESTABLISHMENT SURVIVAL RATE BUSINESS (1989-2015) (STATE) SURVIVAL INDEX 1-YEAR STARTUP 20-YEAR OPENED CLOSED BUSINESS 1 Madison, WI 1,305 1,096 78.41% 30% 191.76 2 Harrisburg-Carlisle, PA 1,000 905 80.18% 30.1% 190.39 3 Milwaukee-Waukesha-West Allis, WI 2,857 2,672 78.41% 30% 186.11 10 4 Scranton-Wilkes-Barre-Hazleton, PA 975 959 80.18% 30.1% 185.97 5 St. Louis, MO 8,149 5,951 85.32% 22.2% 184.35 6 Allentown-Bethlehem-Easton, PA 1,352 1,398 80.18% 30.1% 183.88 7 Philadelphia-Camden-Wilmington, 12,374 12,355 80.18% 30.1% 183.66 9 PA-NJ-DE 8 Pittsburgh, PA 4,262 4,409 80.18% 30.1% 182.69 9 Austin-Round Rock, TX 5,641 4,170 79.46% 22.3% 176.71 10 Des Moines-West Des Moines, IA 1,305 1,076 80.39% 24.4% 176.53 *Statistic adjusted in relation to population for final index. Top 10 Cities By Small Business Taxes STATE EMPLOYER STATE UNEMPLOYMENT STATE TAX INDEX UNEMPLΟΥΜΕΝΤ INSURANCE NEW CORPORATE TAX TAX RATE EMPLOYER RATE ТАХ TAX ТАХ 1 Raleigh, NC 5.76% 1% 2.5% 152.06 2 Charlotte-Gastonia-Concord, NC 5.76% 1% 2.5% 152.06 3 Durham-Chapel Hill, NC 5.76% 1% 2.5% 152.06 4 Winston-Salem, NC 5.76% 1% 2.5% 152.06 5 Greensboro-High Point, NC 5.76% 1% 2.5% 152.06 6 Charleston-North Charleston, NC 5.46% 0.87% 5% 134.75 6 10 7 Greenville-Anderson-Mauldin, NC 5.46% 0.87% 5% 134.75 8 Columbia, SC 5.46% 0.87% 5% 134.75 9 Albuquerque, NM 5.4% 1% 5.9% 123.73 10 Jackson, MS 5.6% 1.4% 5% 120.38 Top 10 Cities By Startup Costs STATE MEDIAN RENT STARTUP MINIMUM WAGE COST INDEX 1 Augusta-Richmond County, GA $5.15 $742 128.78 2 Wichita, KS $7.25 $535 123.39 3 El Paso, TX $7.25 $576 121.49 4 Scranton-Wilkes-Barre-Hazleton, PA $7.25 $576 121.49 10 5 Boise City, ID $7.25 $587 120.98 2 8 6 Winston-Salem, NC $7.25 $597 120.51 7 Knoxville, TN $7.25 $605 120.14 8 Tulsa, OK $7.25 $606 120.09 9 McAllen-Edinburg-Mission, TX $7.25 $614 119.72 10 Ogden-Clearfield, UT $7.25 $629 119.03 Small-Business Grades of the 100 Most Populated Cities BUSINESS SURVIVAL TAX GRADE STARTUP COST SMALL-BUSINESS GRADE GRADE INDEX 1 Greensboro-High Point, NC В A+ А 287.23 2 Durham-Chapel Hill, NC В A+ В 277.36 3 Charlotte-Gastonia-Concord, NC В A+ C 276.17 4 Winston-Salem, NC A+ A 265.28 5 Greenville-Anderson-Mauldin, SC В A В 255.34 6 Columbia, SC A 253.83 7 Charleston-North Charleston, SC A A В 253.27 8 Boise City, ID В C А 247.23 9 Raleigh, NC В A+ В 243.47 10 McAllen-Edinburg-Mission, TX В F A 236.70 11 Ogden-Clearfield, UT В A 235.97 12 Provo-Orem, UT В C В 228.11 13 Youngstown-Warren-Bardman, OH В F В 220.57 14 Tulsa, OK C 219.77 15 Oklahoma City, OK C C В 218.30 16 Tucson, AZ В 214.25 17 El Paso, TX В A 213.05 18 Augusta-Richmond County, GA C A+ 209.85 19 Jackson, MS В 207.95 20 Toledo, OH B F B 206.38 21 Spokane-Spokane Valley, WA C 206.04 22 Des Moines-West Des Moines, IA A F A 205.99 23 Knoxville, TN В A 204.87 24 Memphis, TN В 204.69 25 Albuquerque, NM C В A 202.63 26 Indianapolis-Carmel-Anderson, IN В F В 202.18 27 Salt Lake City, UT В C В 201.25 28 Omaha-Council Bluffs, NE-IA В C C 199.83 29 Las Vegas-Henderson-Paradise, NV В 198.87 30 St. Louis, MO A+ В 197.38 31 Atlanta-Sandy Springs-Marietta, GA В 195.13 32 Dallas-Fort Worth-Arlington, TX В В 192.34 33 Kansas City, MO-KS A D В 191.45 34 Jacksonville, FL В D В 188.37 35 Lakeland-Winter Haven, FL 188.34 36 Cape Coral-Fort Myers, FL В C 187.74 37 Palm Bay-Melbourne-Titusville, FL В В 187.71 38 Phoenix-Mesa-Scottsdale, AZ В C 187.67 39 Houston-Sugar Land-Baytown, TX В В 187.30 40 New Orleans-Metairie, LA В В 186.77 41 Baton Rouge, LA В В 185.50 42 North Port-Sarasota-Bradenton, FL В 182.98 43 Minneapolis-St. Paul Bloomington, MN В F C 182.04 44 Austin-Round Rock, TX A C 181.39 45 Birmingham-Hoover, AL В F В 181.23 46 Orlando-Kissimmee, FL В 180.72 47 Louisville/Jefferson County, KY-IN A 179.65 48 Colorado Springs, CO C В D 179.39 49 Cincinnati, OH В B 178.05 50 Tampa-St. Petersburg-Clearwater, FL В C 177.39 51 Nashville-Davidson-Murfreesboro-Franklin, TN В 176.88 52 San Antonio-New Braunfels, TX В F В 176.18 53 Wichita, KS В F A+ 170.77 54 Miami-Fort Lauderdale-Miami Beach, FL В 168.87 55 Bakersfield, CA C 166.39 56 Pittsburgh, PA А+ F В 165.31 57 Richmond, VA В D C 165.24 58 Columbus, OH В В 162.47 59 Milwaukee-Waukesha-West Allis, WI A+ F A 162.32 60 Cleveland-Elyria, OH В 162.22 61 Denver-Aurora, CO B В F 160.58 62 Akron, OH F В 160.15 63 Providence-Warwick, RI В C 158.63 64 Grand Rapids-Wyoming, MI A F C 157.02 65 Dayton, OH В F B 155.44 66 Deltona-Daytona Beach-Ormond Beach, FL C 154.68 67 Detroit-Warren-Livonia, MI В C 154.38 68 Virginia Beach-Norfolk-Newport News, VA 151.47 69 Madison, WI A+ F В 149.56 70 Baltimore-Towson, MD C 147.34 71 Portland-Vancouver-Beaverton, OR-WA В F 146.82 72 Buffalo-Cheektowaga-Niagara Falls, NY C F 145.08 73 Rochester, NY F 145.00 74 Honolulu, HI В F 141.48 75 Little Rock-North Little Rock-Conway, AR В F C 139.11 76 Albany-Schenectady-Troy, NY В F F 135.68 77 Chicago-Naperville-Joliet, IL В F 130.88 78 Harrisburg-Carlisle, PA A+ F В 130.75 79 Allentown-Bethlehem-Easton, PA A+ 130.24 80 Syracuse, NY 128.54 81 Seattle-Tacoma-Bellevue, WA C C 122.76 82 Philadelphia-Camden-Wilmington, PA-NJ-DE A+ F В 121.49 83 Scranton-Wilkes-Barre-Hazleton, PA A+ F A 120.46 84 Boston-Cambridge-Quincy, MA A F 114.30 85 Worcester, MA A 109.35 86 Fresno, CA 107.98 87 Hartford-West Hartford-East Hartford, CT B F 101.28 88 New Haven-Milford, CT B F F 99.78 89 Los Angeles-Long Beach-Anaheim, CA C F F 96.22 90 New York-Northern New Jersey-Long Island, NY-NJ F F 94.16 91 Bridgeport-Stamford-Norwalk, CT В F 90.38 92 Oxnard-Thousand Oaks-Ventura, CA C F 88.51 93 Riverside-San Bernardino-Ontario, CA В F F 87.28 94 Sacramento-Roseville-Arden-Arcade, CA C F F 81.57 95 Stockton-lodi, CA B F F 75.36 96 Springfield, MA В F 59.71 97 San Diego-Carlsbad-San Marcos, CA F 57.12 98 San Francisco-Oakland-Fremont, CA C F F 35.22 99 San Jose-Sunnyvale-Santa Clara, CA F 33.72 100 Washington-Arlington-Alexandria, DC-VA F 31.22 Sources: https://www.sba.gov/advocacy/firm-size-data https://indicators.kauffman.org https://www.bls.gov/bdm/bdmage.htmf#state https://www.bls.gov/news.release/archives/metro_08012019.htm https://www.adp.com/resources/tools/tax-guides-and-forms/state-and-local-tax-guides/state-tax-guide.aspx https://taxfoundation.org/state corporate-rates-brackets-2019/ https://www.huduser.gov/portal/datasets/50per.html#2019 2 zenbusiness @zenbusinesspbc B. B. B. B. B. B. B. B. B.

The Best Cities to Start a Small Business

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Using the Small Business Index, this infographic grades the top 100 most populous metro areas in the United States based on their startup potential. The factors include establishment turnover, startup...

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