Best Places to Start a Business in Minnesota
So this is it, 2017 is finally going to be the year when you're branching out on your own and starting your business. Good for you! You have what it takes, you've done the research, you even have a new mat thingy under your desk in your office. You are ready. But, are you in the best city for success? According to nerdwallet.com the following is a listing of the top cities in Minnesota for starting a business. Right out of the gate, Minnesota is ahead of the game with a low unemployment rating of 4.0, not too shabby, we fall at the lower end of the spectrum in comparison to the rest of the country.
As for the ranking's of this category, Nerdwallet considered 123 different locations with a population of 5,000 or more, factoring in business environment, (average revenue, percentage of business in each community, and number of paid employees) and the locals themselves, (median annual income, housing costs, and unemployment rates).
It's no big shock that the Twin Cities and surrounding area rounded out the bulk of the top ten. There were a couple of surprises in the top ten, some very small communities landed there and one that was nowhere near the Twin Cities.
10. Alexandria 9. Mendota Heights 8. Rogers 7. Thief River falls 6. Little Canada 5. Roseville 4. Eden Prairie 3. Edina 2. Minnetonka 1. Golden Valley
Hermantown came in at number 27, and Duluth, was at number 57. The city of Minneapolis was farther down the line at number 74. Nerdwallet also had a few experts weigh in and give their perspective on what makes Minnesota special for business and what it could do to improve.
Read the full article here: https://www.nerdwallet.com/blog/small-business/best-places-start-business-minnesota/