Legal News

Worst Place to Start a Business: Newark, New Jersey
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

new business

Summary: The dream of being an entrepreneur is one we all share, so WalletHub ran a study to determine the best places where new businesses are most successful.

A recent study conducted by WalletHub, a Washington D.C.-based personal finance company, found the best cities to start new businesses. They looked at 150 of the largest cities in the United States and ranked them based on business environment and access to resource factors.

  
What
Where


The system of ranking done by WalletHub and 13 business professors was through a 13 category scale where they examined the cost of office space, annual income, taxes, cost of living, education levels, employee availability, the number of already existing small businesses, length of average workday, industry variety, financing availability, and more. Education levels are based on the percentage of the population with a minimum of a Bachelor’s degree. Employee availability was determined by subtracting the number of unemployed residents from the total number of job openings. Financing availability took the total annual value of small business loans and divided it by the total number of businesses.

The list showed that California cities are the worst place for entrepreneurs to start a business and cities in the Midwest and South are the best. The number one city to start a business was Shreveport, LA, followed by Tulsa, OK and Springfield, MO. The five California cities of Bakersfield, Stockton, Riverside, San Bernardino, and Fontana make up the list for the fewest small businesses per capita. Arizona cities have the least accessible financing. Irvine, CA and Seattle, WA have the most educated workforce, whereas Santa Ana, CA and San Bernardino, CA are the least educated.

Source: http://www.entrepreneur.com/article/245538

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Photo: calypsoaccounting.co.za





 

RELEVANT JOBS

Civil Associate Attorney

USA-CA-Roseville

Law firm seeking a general civil litigation associate with 5+ years of civil litigation experience. ...

Apply now

Associate Attorney

USA-CA-San Diego

Brightside Law Group is growing! We are looking for an Associate Attorney to join our Special Educat...

Apply now

Associate Attorney

USA-CA-San Diego

Brightside Law Group is growing! We are looking for an Associate Attorney to join our Special Educat...

Apply now

Paralegal / Data Analyst

USA-DC-Washington

Kalijarvi Chuzi Newman & Fitch (KCNF), a boutique employment law firm, seeks a full-time Paralegal t...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Junior to Mid-level Investment Management Associate Attorney

USA-NY-New York City

New York City office of a BCG Attorney Search Top Ranked Law Firm seeks junior to mid-level investme...

Apply Now

Mid-level Debt Finance Associate Attorney

USA-CA-San Francisco

San Francisco office of a BCG Attorney Search Top Ranked Law Firm seeks mid-level debt finance-focus...

Apply Now

Senior Business and Corporate Law Attorney

USA-CA-Murrieta

Murrieta office of our client seeks a senior business and corporate law attorney with 3+ years of bu...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top