If you want to work for a small business, move west. That seems to be the message based on rankings on the best place to start a small business by WalletHub.com.
The top-ranked metro areas were almost all in the Midwest, Rocky Mountain region or West Coast. No metro areas in the Northeast were in the top 10, although New York City was ranked 11th, Boston was 12th and Bridgeport was 16th (the greater Bridgeport metro area likely includes Shelton and Stamford, among other communities).
However, many of the lowest-ranked cities also were located in the West — being in inland California. Some also were in the South.
Other than Bridgeport in Connecticut, Hartford was ranked 59th and New Haven was 88th
Small business employs half the work force
Small businesses employ about 47% of the private workforce in the United States, and have created more than 60% of the country’s new jobs during the past 20 years, according to the U.S. Small Business Administration.
WalletHub used 10 different metrics — ranging from net small business job growth and industry variety to hours worked and average wages for new hires — to evaluate the state of small business in the 100 largest metropolitan areas in the United States. The metro areas then were ranked based on their overall attractiveness for job seekers.
Here are the WalletHub findings:
Best cities to work for a small biz
2. Salt Lake City
4. Madison, Wisc.
5. Oklahoma City, Okla.
6. Denver (tie)
6. San Francisco (tie)
10. Indianapolis, Ind.
Worst cities to work for a small biz
91. Youngstown, Ohio
92. Fresno, Calif.
93. Riverside, Calif.
94. Chattanooga, Tenn.
95. Bakersfield, Calif.
96. Scranton, Pa.
97. Jackson, Miss.
98. Augusta, Ga.
99. Modesto, Calif.
100. Stockton, Calif.
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