Skip to Content

Raleigh, Durham and Charlotte rank in top 10 US cities to start a business


By Jessica Patrick

Click here for updates on this story

     Jessica Patrick (WRAL) — A LendingTree analysis suggests Raleigh is the best place to start a small business, followed closely by Durham and Charlotte.

The study ranked the 100 largest U.S. metros by population from best to worst for small businesses using nine metro and state-based metrics like tax climate, business survival rate, proportion of residents with at least a bachelor’s degree, housing costs, unemployment rate and more.

The best places included:

1. Raleigh

2. Austin, Texas

3. Charlotte

4. Durham

5. Boise, Idaho

6. Minneapolis, Minn.

7. Portland, Ore.

8. Salt Lake City, Utah

9. Nashville, Tenn.

10. St. Louis, Mo.

Raleigh earned the top spot largely because 54.8% of its population is in their prime working years, between ages 25 and 54, the ninth-highest among the 100 metros.

Southern cities dominated the top 10 places to start a small business, according to LendingTree.

The worst places included:

1. Bakersfield, Calif.

2. Stockton, Calif.

3. Fresno, Calif.

4. Toledo, Ohio

5. Riverside, Calif.

6. New Haven, Conn.

7. Honolulu, Hawaii

8. Dayton, Ohio

9. Scranton, Pa.

10. Wichita, Kan.

California was one of the worst places to start a business due to unemployment rate.

Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.

Article Topic Follows: CNN - Regional

Jump to comments ↓

CNN Newsource


KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content