Best Cities to Start a Business
Choosing the Right Location for Your Business
Selecting the ideal city to start a business can significantly impact your success. Based on Kiplinger’s insights, here are some of the top cities to start a business for young entrepreneurs to establish their ventures.
Columbus, Ohio
Columbus is renowned as one of the top cities to start a business, with its mix of Fortune 500 companies and thriving small businesses with as few as 1 to 4 employees. The city’s low cost of living makes it one of the ideal cities to start a business, helping entrepreneurs save on personal expenses while building their ventures. Entrepreneurs can also explore Lender Banks to secure funding for their startups.
Denver, Colorado
Denver stands out as one of the top cities to start a business, with the highest number of small businesses per 10,000 people. Business costs in Denver are lower compared to other major cities to start a business, making it an attractive location for startups.
Indianapolis, Indiana
Indianapolis, known for its vibrant Midwestern culture, offers a low cost of living and business costs approximately 3.8% below the national average. These factors make it one of the best cities to start a business and grow your venture.
Des Moines, Iowa
Des Moines is another Midwestern city offering low living and housing costs. Its thriving market provides a supportive environment for new businesses.
Salt Lake City, Utah
Beyond its winter sports appeal, Salt Lake City is one of the top cities to start a business. With a cost of living and business costs about 3.4% lower than the national average, and affordable taxes, it’s a favorable environment for entrepreneurs. Additionally, its proximity to Provo, home to Google Fiber, further enhances its reputation as one of the best cities to start a business.
Austin,Texas
Austin, with its dynamic music scene and entrepreneurial spirit, is home to over 23,500 small businesses. The presence of venture capitalists seeking new opportunities makes it a promising city for business ventures.
Tulsa, Oklahoma
Tulsa excels in small business job creation, providing a strong workforce and opportunities for addressing local unemployment issues. It’s a great city for businesses looking to hire skilled employees.
Nashville, Tennessee
Nashville is not only a hub for artists but also for entrepreneurs. Its affordability and access to start-up capital make it a top choice for new businesses.
Oklahoma City, Oklahoma
With over 18,600 small businesses and a cost of living significantly below the national average, Oklahoma City is an excellent place for business startups. Kiplinger ranks it as the top city for launching a new business.