If you’re looking at starting a small business, you may think you need to head to a big city. But as a recent analysis by Wallethub found, there are plenty of smaller metros where business thrives.
The Wallethub study looked at a range of 16 factors – including business environment, access to resources and costs – to determine the most business-friendly areas among 1,261 smaller-sized cities. You can read the complete methodology here.
Nationally, the top award went to Holland, Michigan. In Alabama, the best smaller-sized city for small business was Dothan (population 68,000), which came in at number 31 on the overall list. The south Alabama town scored highest – 45th best in the country – for costs associated with doing business.
Other Alabama cities on the list were:
185. Phenix City
488. Vestavia Hills
An interesting note about Enterprise. The city landed at number 1,256 – last place – for the lowest average growth in the number of small businesses.
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