Best Cities To Start a Business in the U.S
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A record 5.5 million new business applications were filed in the US in 2023, with certain cities being more beneficial for new businesses. The top 10 cities to start a business in the US include Miami, Minneapolis, and Atlanta, which offer a combination of factors such as high new business applications, low unemployment rates, and affordable office space.
The US saw a record 5.5 million new business applications in 2023. Small businesses employ 46% of the workforce. SoFi analyzed 50 US cities and ranked them based on factors like business applications and cost of living. The top 10 cities include Miami, Minneapolis, and Atlanta. These cities offer a combination of factors that contribute to a business's success. Miami has the most new business applications and highest self-employment rate. Other top cities include Plano and Irving in Texas, and St. Paul and Madison in the Midwest.
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