The United States has garnered a bad reputation in recent years over having an unfriendly business climate due to high taxes, immense regulations and an erratic political infrastructure. Although this is a correct assessment of the U.S., there are still many pockets of the country that maintain business-friendly environments.
WalletHub, a personal finance social network, published a new report Monday that looked at the 10 best and worst U.S. cities to start a business in 2015. The study took into account a number of factors, such as corporate taxes, office space affordability, employee availability and number of small businesses per capita.
Here are the best and worst cities to start a business:
Best Cities to Start a Business | Worst Cities to Start a Business | ||||
1 | Shreveport, LA | 141 | Anaheim, CA | ||
2 | Tulsa, OK | 142 | San Jose, CA | ||
3 | Springfield, MO | 143 | Santa Ana, CA | ||
4 | Chattanooga, TN | 144 | Oakland, CA | ||
5 | Jackson, MS | 145 | Ontario, CA | ||
6 | Sioux Falls, SD | 146 | Fremont, CA | ||
7 | Memphis, TN | 147 | Yonkers, NY | ||
8 | Augusta, GA | 148 | Garden Grove, CA | ||
9 | Greensboro, NC | 149 | Jersey City, NJ | ||
10 | Columbus, GA | 150 | Newark, NJ |
Some other key findings from the report include office space is four times more affordable in Toledo, Ohio than San Francisco and the workforce is six times more educated in Irvine, California than Santa Ana, California.
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