Biz2Credit identifies the top 25 cities for small business in 2014 and 5 of them are in California, 4 are in Florida, and 3 are in Texas. For its analysis, Biz2Credit defined “small businesses” as “companies having fewer than 250 employees or less than $10 million in annual revenues.” Cities are rated based on “a weighted average that includes annual revenue, credit score, age of business (in months), cash flow, debt-to-income ratio, incorporation (C-Corp or LLC vs. sole proprietorship), and business owners’ personal credit scores.” Biz2Credit reports that it analyzed 12,000 businesses with less than 250 employees and less than $10 million in annual revenues from across the country that have been in operation for more than 1 year.
Its top 25 cities for small business in 2014 are:
1. San Jose-Sunnyvale-Santa Clara, CA
2. Detroit-Dearborn, MI 3. Denver, CO 4. Los Angeles-Long Beach-Anaheim, CA
5. San Francisco-Oakland, CA
6. Las Vegas, NV 7. New York metro area 8. Atlanta, GA 9. Washington, DC metro area 10. Miami-Fort Lauderdale-West Palm Beach, FL 11. Riverside-San Bernardino, CA
12. Tampa-St. Petersburg, FL 13. Sacramento, CA
14. Indianapolis, IN 15. Houston, TX 16. Chicago, IL 17. Portland, OR 18. Dallas-Fort Worth, TX 19. Phoenix-Scottsdale, AZ 20. Charlotte, NC 21. San Antonio, TX 22. Seattle-Tacoma, WA 23. Jacksonville, FL 24. Philadelphia, PA 25. Orlando-Kissimmee, FL
Additional Sources: Biz2Credit Identifies 2014’s Best Small Business Cities in America; Surprisingly, California Didn’t Make The Top Out-Bound Or In-Bound States Lists … But, You Might Be Surprised By Which Did