Austin named best city for small businesses
Austin, Texas was declared the best city for small businesses to grow by The Business Journals for the second year in the row.
Raleigh, N.C., Oklahoma City, Houston, and Salt Lake City finish out the top five. Cities were scored based on a six-part formula to analyze small-business climates across the country.
Components include five-year population growth, five- and one-year private-sector employment growth, concentration of small businesses per 1,000 residents, one-year change in that concentration and one-year growth in the number of small businesses.
Des Moines was ranked No. 29.
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