Looking to start a business? Location, location, location is key. And sometimes, many times, the best place to start a business it’s not in the big city but in the smaller ones. Of course, this is dependent upon the type of business. Small cities offer often times cheaper start-up costs, as well as less competition. So if you’re looking to start a business in North Carolina, you may want to consider a smaller city instead of Charlotte, Raleigh, Greensboro or another larger one. But which is best?
Our friends at WalletHub compiled a list of the best & worst small cities to start a business in. They ranked 1,300 small-sized cities in states across the country. Cities were scored on 18 key metrics, and those scores were averaged out and compiled into rankings. Metrics included things like labor costs, access to investors, and business environment. One North Carolina city actually cracked the top 10 of those 1,300 cities. And even more impressive is that all 28 North Carolina small cities featured on this list, ranked in the top 50 percent. That’s great news for anyone looking to start a business in North Carolina.
Keep reading to see each of the 28 cities and how they ranked in North Carolina as well as where they stand nationally. Want more details? Read the full WalletHub study here.
