With May 1 kicking off National Small Business Week but many small-business owners struggling to hire new employees, the personal-finance website WalletHub today released its report on 2022’s Best Large Cities to Start a Business, as well as accompanying videos and expert commentary.
In order to help aspiring entrepreneurs maximize their chances for long-term prosperity, WalletHub compared 100 U.S. cities across 20 key indicators of startup viability. The data set ranges from the five-year business-survival rate to the percentage of residents who are vaccinated to office-space affordability.
Starting a Business in Madison (1=Best; 50=Avg.):
- 1st – Financing Accessibility
- 14th – Office-Space Affordability
- 6th – Percentage of Residents Who Are Fully Vaccinated
- 7th – Share of College-Educated Population
- 10th – Industry Variety
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