If there is one state that offers the right conditions to start a business in the United States, it is Florida. This is according to the most recent list of the best large cities to start a business in the United States (those with the largest population) published at the end of April by Wallet Hub, a personal finance company specializing in the preparation of this type of report.
According to the list, among the top ten large cities in the country to start a company, six are in Florida. Better yet, four of them are in the top five: Orlando and Tampa occupy the top two spots, and Jacksonville and Miami ranked fourth and fifth.
It should be noted that a large part of these entrepreneurs who come to Florida are Latin Americans who, when creating their company, are interested in the real estate market of the region to look for housing and offices, and decide to invest in Miami, Orlando and South Florida, so this business dynamic has a direct effect on this sector.
- See also: How to invest in Miami from Colombia?
Entrepreneurship in the United States: what are the best cities?
The following are the top 10 of the best big cities to start a business in the United States, according to the list prepared by Wallet Hub:
- Orlando, FL
- Tampa, FL
- Charlotte, NC
- Jacksonville, FL
- Miami, FL
- Atlanta, GA
- Fort Worth, TX
- Austin, TX
- Durham, NC
- St. Petersburg, FL
Entrepreneurship in the United States: what do they take into account?
For the choice, Wallet Hub makes a comparison of 19 criteria among 100 large cities in the United States, in which it takes into account variables such as the following:
Business Survival Rate
In this aspect, Wallet Hub analyzes the average time spent in the market by companies that are created in the country. This is one of the main indicators that are taken into account to review which are the best cities to start a business in the United States.
Labor Costs
In this aspect, it is analyzed what are the associated costs that must be taken into account when starting a business and how much entrepreneurs must invest to be able to shape their project.
Entrepreneurship in the United States: Affordability for Offices
Wallet Hub analyzes how accessible it is for entrepreneurs to have an office in one of the cities.
Business environment
The analysis for this list takes into account the dynamics of the business environment in cities and how friendly it is for entrepreneurs interested in starting a business in the United States.
Availability of human capital
Wallet Hub reviews the availability of human capital in cities and how entrepreneurs can benefit from this to access more and better talent to carry out their business projects.
Advantages of Entrepreneurship in Florida Cities
According to the study, there are many reasons why these Florida cities rank in the top 10 of the list. For example, the number of small businesses that have been created has grown faster than other cities. In addition, the survival rate of companies is very high, and there are many investors interested in finding attractive opportunities in emerging businesses. It also highlights the fact that the tax payment may be lower, compared to other states.
References
- Sunny 100.5 (2024). The Best Large Cities to Start a Business
- Diario Las Américas (2024). Miami, the fifth most prosperous city to start a business in the U.S.
