The Best Large City to Start a Business, According to Wallet Hub
This amazing Southern city came out on top.
Looking to start a business? Head south.
According to a recent analysis from WalletHub, a personal finance website, nine out of the top 10 best large cities in the country to start a company are in the South. To determine the ideal spots to start a business, WalletHub compared the relative startup opportunities that exist in 100 U.S. cities across 19 metrics like startups per capita, financing accessibility, and corporate taxes.
The best of the bunch? Orlando, Florida, followed by Oklahoma City, Oklahoma and Miami, Florida. Nine out of the top ten locales found to be the most conducive to starting a business were in the Southern U.S., with Austin, Texas and Tampa, Florida rounding out the top five and Charlotte, Durham, and Raleigh, North Carolina trailing closely behind. Atlanta secured the #9 slot, and Denver snagged the #10 slot, making it the only non-Southern locale in the top 10 list.
WATCH: The Hottest Southern City for Young Millennial Homeowners
In WalletHub's rankings of the best small cities for starting a business, several southern cities graced the top 10 rankings, including Fort Myers, Florida (#3), Huntsville, Texas (#5), and Wilson, North Carolina (#10).
So, what do you think of these fascinating findings? We think it's time we tell all of our entrepreneurial friends it's time to pack their bags!