The Best Cities for Small Business (Infographic)
It's National Small Business Week, and for the first time, events will take place in multiple cities across the country. With many metropolitan areas rapidly becoming hotbeds for startups, it's a fitting move for the event. But where are small businesses thriving the most? A new study from Biz2Credit.com examines how a number of U.S. cities measure up.
The study, which defines a small business as a company with fewer than 250 employees or less than $10 million in annual revenue, analyzed more than 12,000 businesses that have been in operation for at least a year. The findings place San Jose in the top spot, on the basis of a weighted score that includes annual revenue, credit scores, and the average age of the city's small businesses. Detroit, Denver, Los Angeles, and San Francisco round out the top five.
Check out the infographic below from Merchant Warehouse to find out how your city compares in terms of annual revenue and average credit score.