2021’s Best Small Cities to Start a Business
Written by Kim Kelley on April 28, 2021
With National Small Business Week approaching & COVID-19 having caused around 100,000 permanent business closures in 2020, WalletHub has released its report on 2021’s Best Small Cities to Start a Business.
To determine the most business-friendly small markets in the U.S., WalletHub compared more than 1,300 cities with fewer than 100,000 residents across 20 key metrics. Some of these included small business growth rates & accessibility of financing to investor access & labor costs.
Top 20 Small Cities to Start a Business
1. St. George, UT
2. Cedar City, UT
3. Williston, ND
4. Washington, UT
5. Logan, UT
6. Aberdeen, SD
7. Midvale, UT
8. Fort Myers, FL
9. Clearfield, UT
10. Bozeman, MT
11. South Bradenton, FL
12. Redmond, OR
13. Bend, OR
14. Missoula, MT
15. Pleasant Grove, UT
16. East Lake-Orient Park, FL
17. Carrollton, GA
18. Lehi, UT
19. Orem, UT
20. Cheyenne, WY
Here are some key stats from the report:
- Recovery will be a long process: 50 million small business owners say it will take more than a year for their business to return to pre-COVID levels.
- Business owners are now prioritizing public health: 56% of small business owners think that minimizing COVID-19 deaths is more important than re-opening the economy.
- Two thirds of small business owners say that 2020 was their most difficult year in business.
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