Due to low taxes, abundant technology infrastructure, a well-educated employee base, affordable housing, low cost of living and much more, Georgia often hits the top of the list for starting a business. As a result, NerdWallet recently published an article highlighting the best 126 cities to start a business in Georgia. All cities were required to have a population of 5,000 people and more than 500 businesses. At that point, each location was given a score based on the city’s business climate and the health of their economy using data obtained from the U.S. Census Bureau. The average revenue, percentage of businesses with paid employees and the number of businesses per 100 people were the determining factors in the business climate score. Economic health scores were given based on median annual income, median housing costs and the unemployment rate.
With Alpharetta, Doraville and Vinings being the top three, Cartersville was excited to be number twelve on the list. NerdWallet learned that many of the most profitable businesses are in the suburbs and smaller cities, boasting higher average revenue per business than the state’s most populous cities. Also, location to major transportation routes was a major contributing factor.
The complete list of cities and additional information can be located at http://www.nerdwallet.com/blog/small-business/best-places-start-business-georgia/. Please contact Rebecca Bohlander at 770-387-5612 with any questions.