The 10 Best U.S. Cities to Start a Business

 

 

NEW YORK (TheStreet) -- Take your entrepreneurial impulses and head to the South. The region offers some of the best places to start your own business.

New research from WalletHub indicates that cities in the middle and southern regions of the United States offer the top environments for entrepreneurship in the country. Metropolitan hubs in Georgia, Tennessee, South Dakota and Louisiana are among the best places to go to build a new company.

WalletHub, which provides tools and information to help consumers and small business owners make better financial decisions and save money, used 13 key metrics to analyze startup opportunities in the 150 most populous cities in the United States.

Researchers found that Madison, Wis., for example, is home of one of the most educated workforces in the United States. It also has one of the shortest average workdays. Office space is four times more affordable in Toledo, Ohio, than it is in San Francisco. Pembroke Pines, Fla., has twice as many small businesses as Bakersfield, Calif.

Want to start a business? These 10 cities may be the best places to do so, counting down to the best one. And if you want to see what cities to avoid, check out this list

10. Columbus, Ga.

According to the U.S. Small Business Association, there are 962,085 small businesses in the state of Georgia, 164,681 of which have employees. In fact, small businesses employ 1.5 million workers statewide.

Columbus provides one of the best settings in Georgia to start a business and is also the home of some of the most wallet-friendly office spaces. WalletHub ranks the city 26th in access to resources and 19th in business environment. Columbus has a civilian labor force of more than 125,000 people and a 7% unemployment rate. The U.S. Census Bureau lists the median household income in Columbus as $41,339, below the state median of $49,179.

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