Entrepreneur Media, in collaboration with personal finance site NerdWallet, recently released a report analyzing the best small cities in the country for entrepreneurs starting a business.
Wilmington, Del., comes in hot at No. 3 — behind only Alpharetta, Ga., and Redmond, Wash.
See the full list
For the rankings, the report analyzes six sets of data — population size, number of businesses, average revenue per business, businesses with paid employees, businesses per 100 people and unemployment rate.
“Contrary to popular belief, you don’t have to go to a big city to succeed,” NerdWallet’s Cindy Yang is quoted as saying in the report.
A total of 463 American cities were taken into consideration. Wilmington fared well in many metrics (especially population and average revenue per business) despite the city’s high unemployment rate of 8.7 percent.
Whether or not the business data reflects small to medium-sized businesses or all businesses (including Wilmington’s big banks) was not disclosed.
That information could very well skew the results.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
Donate to the Journalism Fund
Your support powers our independent journalism. Unlike most business-media outlets, we don’t have a paywall. Instead, we count on your personal and organizational contributions.
