REPORT: Top 3 US Cities For Business Are In Southern Utah
According to a report released by Financial website Wallet Hub, the top 3 places in the nation to start a new small business are all right here in Southern Utah.
Starting a small business can be a lot more difficult than it seems. Not only do you need to have the passion, but you need hundreds of other factors to fall into place. And even after all of that, 45% of all businesses will fail within the first 5 years!
So with that kind of risk, it's important to open your business in a place that's "small business friendly".
WalletHub created their list of the Best & Worst Small Cities to Start a Business using a combination of criteria such as "Access to Resources", "Access to Financing", "Business Costs" and more. To see their full Methodology click here.
2023's Best Small Cities to Start a Business According To WalletHub
1) Washington, UT
2) St. George, UT
3) Cedar City, UT
4) Bozeman, MT
5) Logan, UT
Amazingly, four out of the top five places in the nation to start a small business are all in the state of Utah. Washington, St. George, Cedar City and Logan. Certainly something to be proud of, and it certainly helps explain all the soda shops and car washes that keep cropping up overnight!
To see the full list of the Best & Worst Small Cities to Start a Business, visit Wallethub here.