6 North Carolina Cities Ranked Best Places to Start a Business

Date: May 17, 2016 Last Edit: May 18, 2016

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/

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