Best cities to start a business are in red states.
WalletHub Ranks Best Large US Cities to Start a Business in 2023
Starting a business in the US can be a make or break decision for startups, given the varying regulations, taxes, and other factors across different locales. WalletHub recently conducted a study ranking the nation’s major metros on 19 metrics to determine the best big cities to start a business in 2023. Florida cities dominated the top of the list, with Orlando taking the crown as the best large US city to start a business this year, thanks to its business-friendly environment, ample access to resources, and low startup costs.
Top 10 Large US Cities to Start a Business in 2023
- Orlando, Florida – 65.34
- Jacksonville, Florida – 62.25
- Miami, Florida – 60.78
- Tampa, Florida – 60.37
- Durham, North Carolina – 60.15
- Boise, Idaho – 59.48
- Atlanta, Georgia – 58.79
- Charlotte, North Carolina – 58.3
- Fort Worth, Texas – 58
- Austin, Texas – 56.86
Boise, Idaho, landed sixth on the list with a score of 59.48, making it the top fifth metro area according to Mayflower. However, Idaho was the top state overall. Although the city ranked lower on access to resources, its business environment was determined to be the third best in the US. Two Texas cities rounded out the top 10, with Fort Worth scoring an even 58, and Austin notching 56.86 thanks to their friendly business environments. Despite both ranking further down the list when it came to business costs at 69th and 81st, respectively.
Top 10 Large US Cities to Start a Business in 2023
According to WalletHub’s latest ranking, Orlando, Florida, is the best large US city to start a business in 2023, with a score of 65.34. The ranking is based on factors such as business environment, access to resources, and business costs.
Season ‘Filled with Optimism’ for Business Owners: Tyler Hollinger
Business owners in the top 10 cities on WalletHub’s list have reason to be optimistic about the future. Tyler Hollinger, a successful entrepreneur, believes that the right location can make all the difference for a business.
Durham, North Carolina, ranked No. 5 on the list, with a score of 60.15. Although the city was ranked #38 for its business environment, its ample access to resources pushed it up the scale.
Idaho’s capital Boise landed sixth on the list with a score of 59.79. Although the city ranked lower on access to resources, its business environment was determined to be the third best in the U.S.
Atlanta, Georgia, was able to grab the No. 7 spot in the ranking, notching a total score of 58.79, followed by No. 8 Charlotte, North Carolina, which scored 58.3.
- Orlando, Florida – 65.34
- Jacksonville, Florida – 62.25
- Miami, Florida – 60.78
- Tampa, Florida – 60.37
- Durham, North Carolina – 60.15
- Boise, Idaho – 59.48
- Atlanta, Georgia – 58.79
- Charlotte, North Carolina – 58.3
- Fort Worth, Texas – 58
- Austin, Texas – 56.86
Two Texas cities rounded out the top 10, with Fort Worth scoring an even 58, and Austin notching 56.86 thanks to their friendly business environments. That’s despite both ranking further down the list when it came to business costs at 69th and 81st, respectively.
With the right location and a favorable business environment, entrepreneurs can thrive and achieve success.
Ford’s Profit Rises on Truck Demand, but EV Outlook Sends Shares Lower
Despite a rise in profits due to increased demand for trucks, Ford’s outlook on electric vehicles has caused a dip in their shares.
Truck Demand Drives Profit Increase
Ford’s profits have seen a boost thanks to the high demand for their trucks. This is great news for the company and its investors, as it shows that Ford is still a major player in the automotive industry.
Electric Vehicle Outlook Causes Concern
However, Ford’s outlook on electric vehicles has caused some concern among investors. The company has been slow to adopt EV technology, and this has led to a dip in their shares.
What Does the Future Hold for Ford?
Despite the dip in shares, Ford is still a major player in the automotive industry. The company has a long history of innovation and is sure to adapt to the changing market. As the demand for electric vehicles continues to rise, Ford will need to step up their game and invest in this technology to stay competitive.
Conclusion
Overall, Ford’s rise in profits due to truck demand is great news for the company and its investors. However, the dip in shares due to their slow adoption of EV technology is a cause for concern. Only time will tell how Ford will adapt to the changing market, but one thing is for sure – they are not going anywhere anytime soon.
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