Austin is Top City Again for Small Businesses: BizJournals

If you want to start a business and you happen to be in Austin, then your odds are better for succeeding.
For the third consecutive year, Austin topped The Business Journals’ On Numbers analysis as the best place to start a small business.
Another three markets from the South – Raleigh, Oklahoma City and Houston – take up the runner-up slots in this year’s national rankings. Salt Lake City rounds out the top five.
On Numbers has a six-part formula to analyze the best locations for small businesses, defined for the analysis as any private-sector employer with fewer than 100 workers.
The formula’s components include five-year population growth, five- and one-year private-sector employment growth, concentration of small businesses per 1,000 residents, one-year change in that concentration, and one-year growth in the number of small businesses.
Austin’s number of small businesses increased 0.4 percent from 39,180 in 2008 to 39,350 in 2009, the latest year for which official figures are available from the U.S. Census Bureau.

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