If you’re looking to start up a business in America, have you ever wondered what are the best cities for launching a business brand, with the most successful outcome?
In a recent article from two websites 1) Business Insider UK and 2) Wallethub U.S, we have narrowed down the results to establish the top five best cities to introduce a business. To determine the best cities, analysts have compared 150 of the most populated U.S cities across three areas.
1) Business Environment, 2) Access to Resources and 3) Business Costs.
To find out more about the methodology of how these three dimensions were evaluated using relevant metrics, click on the link below for a better understanding.
Here we are, let’s find out the top five best U.S cities to start a business and the reasons why they’ve earned this title.
5- Grand Rapids, Michigan
Taking place number five in the list- Grand Rapids is the second largest city in Michigan, developed on the banks of Grand River. Surrounded by its beautiful architect, in the heart of a historic district and once home to five of the world leading furniture companies. Grand Rapids has now re-branded itself away from furniture and is supported by the Michigan Small Business Development Centre who guides professionals to start-up a business. This city is economically diverse, boasts affordable housing with a healthy local economy. Why wouldn’t you start a business here?
4- Tulsa, Oklahoma
Tulsa is the second largest city in the state of Oklahoma and is established for its cosmopolitan lifestyle and art deco architect. Sandwiched on the historic route 66, Tulsa has taken the fourth position to start a business in America. A town enriched by its oil and gas heritage are the major business opportunities here. Tulsa has an affordable housing market and with great resources and funding opportunities, Tulsa creates a low-cost operating environment.
3- Charlotte, North Carolina
Taking spot three on the list, Charlotte is the largest city in the state of North Carolina and ranks 22nd in the largest metropolitan area in the U.S. The city is recognised for its quality of life, affordable housing, and humid subtropical climate. Charlotte is known as the fastest growing city in the U.S. and has increasingly become a major U.S financial centre. Ideally, Charlotte is a great place to start up a new business. Have we persuaded you yet? Let’s find out number two.
2- Salt Lake City, Utah
The U.S Chamber of Commerce has recently ranked Utah the No.1 state in innovation and entrepreneurship, so it’s understandable Salt Lake City has claimed position two. The capital city of Utah, Salt Lake City is recognised for its cultural background of museum’s and the performing arts, music and media outlets. The city offers low taxes, affordable housing, and developments in the department of technology. The city has emerged as a prime spot for technology entrepreneurs.
1- Oklahoma City, Oklahoma
Here we have it- Oklahoma City is the best city in the U.S to start a business! Climbing two spaces from last years’ poll, knocking out Sioux Falls in South Dakota and claiming the top spot.
Low rate unemployment, low cost of living, culturally diverse, geographically central, sustainable workforce and most importantly low costs of doing business. Oklahoma is thriving and attracting entrepreneurs to start-up businesses. The city is known for its range of museums, cowboy culture and livestock markets. The city is continuously growing and developing and claims gold for this years’ 2017 best city to start a business in the U.S.
So, there you have it. If you fancy moving to America and starting up your own business then Oklahoma City is the place to go. We recommend avoiding starting up from March through June, as Oklahoma City is referred to as Tornado Alley. We’re not too keen on seeing one of those!
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