Countless Americans have the dream of establishing their own small businesses. Many will accomplish this dream with creativity, determination, and courage. However, the location of the startup can greatly influence its chance of success.
This infographic from zenbusiness.com ranks the 100 most populous metro areas in the United States using a one-of-a-kind Small Business Index. This Small Business Index is composed of 10 key factors that fall into 4 categories: the likelihood of success, workforce, taxes, and startup costs. Greensboro-High Point, North Carolina tops the chart as the best city to start a small business.
Low taxes are a significant part of the promising prospects in Greensboro and North Carolina as a whole. Washington, D.C. is the worst city for starting a small business according to the Small Business Index. The extremely high rent, high taxes, and poor business survival rates paint a bleak picture for startups in the U.S. Capital.