Summary
A new analysis by WalletHub has identified the best and worst small cities in the U.S. to start a business. St. George, Utah, ranks as the best city, while Pacifica, California, ranks as the worst. The study considered factors like business growth, access to investors, and costs.
Key Facts
- WalletHub analyzed over 1,300 small U.S. cities to determine the best and worst for starting a business.
- St. George, Utah, is ranked as the best city, noted for its strong growth in small businesses and affordable office space.
- Pacifica, California, is ranked as the worst city to start a business.
- The top three cities are St. George, Utah; Fort Myers, Florida; and Washington, Utah.
- All cities ranked in the bottom 10 are located in California.
- Business environment, resource access, and costs were key metrics in the analysis.
- Smaller cities can offer fewer bureaucratic hurdles and lower taxes, according to marketing professor Scott Thorne.
