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Texas and Florida house 9 of 10 top metro cities for small business growth rates

One day I’m going to look at one of these small business rankings, see Detroit in the top 10, and smile.

Until then, Texas and Florida it seems, will reign supreme.  According to “a new American City Business Journals analysis of U.S. Census data” between 2010 and 2014, Austin, TX finished with the top small business growth rate with 13.6%.  If you’re wondering who finised the top for small business growth in total number (vs rate), you can look to Los Angeles, which added 18,295 entities between 2010 and 2014 for a 5.6% growth rate. The only other city to finish with a double digit growth rate, and only city not from Texas or Florida was Provo, UT with 10.1%.

“The ACBJ analysis included small-business growth rates for all 106 metropolitan areas with more than 500,000 residents. The study defines a small business as any private enterprise with one to 99 paid employees.”  106 metropolitan areas were analyzed with 69% posting small business gains in the 5 year period.  The national small business growth average between 2010 and 2014 was 2.1%.

bizjournals

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