Small businesses have long been lauded the backbone of the American economy. But does the success of each small business depend, to a degree, on the place in the country where it decides to put down roots?
According to a recent study conducted by Go.Verizon.com in time for Small Business Week last week, the answer is yes, and they ranked small U.S. cities — often overshadowed by places like New York, Los Angeles, and Chicago — that are the best places to start a small business. The list of the top 25 includes two Washington cities: Olympia (19) and Redmond (25).
So, how did Go.Verizon.com determine this list, which names Logan, Utah as the best small city in the country to start a small business?
First, a team collected data from almost 300 U.S. small cities with a population between 50,000 and 75,000 people. In these cities, data was gathered on higher education, travel time to work, income per capita, broadband access, loans per capita, tax scores, and non-farm businesses.
Those factors determined the top 50 cities to start a small business. The smaller the city, Go.Verizon.com said, the more room to grow.
Check out the full list of cities here.