Factors include business environment, costs, and access to resources.
6 North Carolina Cities Ranked Best Places to Start a Business
When entrepreneurs and startups are looking for
a place to set up shop, they may want to consider one of the six North Carolina
cities that made WalletHub’s 2016 list of Best Large Cities to Start a
Business. All six cities ranked in the top 30.
WalletHub sought to give aspiring entrepreneurs
a boost by letting them know the locations that would give them the best
chances for long-term prosperity. To compile the list, analysts compared the
startup opportunities, based on 16 key metrics, in the 150 most populated U.S.
cities. Metrics included five-year survival rate, office space affordability,
and education of the local workforce.
Here’s how the six North Carolina cities ranked:
Charlotte
Overall Rank: 7
Total Score: 50.85
Business Environment Rank: 6
Access to Resources Rank: 60
Costs Rank: 48
Winston-Salem
Overall Rank: 11
Total Score: 49.28
Business Environment Rank: 72
Access to Resources Rank: 36
Costs Rank: 10
Durham
Overall Rank: 12
Total Score: 49.18
Business Environment Rank: 61
Access to Resources Rank: 15
Costs Rank: 25
Raleigh
Overall Rank: 17
Total Score: 47.95
Business Environment Rank: 47
Access to Resources Rank: 44
Costs Rank: 41
Fayetteville
Overall Rank: 25
Total Score: 46.35
Business Environment Rank: 54
Access to Resources Rank: 134
Costs Rank: 19
Greensboro
Overall Rank: 28
Total Score: 45.79
Business Environment Rank: 111
Access to Resources Rank: 46
Costs Rank: 11
Charlotte and Winston-Salem were also listed as
the cities with the second and third highest average growth of number of small
businesses.
To see the full study and the methodology, visit
https://wallethub.com/edu/best-cities-to-start-a-business/2281/.
